Despite markets' gloom, the economic outlook is bright

www.montrealgazette.com...

"Overall, this was a very strong report, and it suggests a significant pickup in the pace of Canadian GDP growth in the last quarter of the year, as the Canadian economy shifted up a gear or two," said economic strategist Millan Mulraine at TD Securities.

There are some forecasters who believe that once the inventory bounce comes to an end, perhaps early this year, and government stimulus programs end, U.S. growth will grind to a near-halt late this year. But there's growing evidence to support a more encouraging view: that underlying strength produced by consumer spending and business investment will gain enough force to sustain a healthy U.S. recovery, even after the initial rapid growth fades.

"If so, solid economic news in the next few months would be the best cure," Shenfeld said, adding that this is exactly what he expects.

Whenever the markets seems to be down, we get these sorts of stories, i mean this news article was posted after a bad day on Friday, so what we have here is that there claiming we wont see any dooms day in the market, and we will finally see some job growth this year ya!


So ATS what do you make of the news article?

I think the monday markets will just love the recent debale with China that is transpiring. Obama and the rest of Capitol Hill are a bunch of idiots.

Yeah bright through steeling war and manupilation* maybe yeah. that in itself created artifical bubbles that may not have bursted yet. others will be created, and bursting, thus ading the futture layoffs and limited job opportunitys. its one big viscous cycle...oh and more moeny to be stolen form CEO;s governemnt and corporations, as well as the hiring of ilelgal immigrants.
what a bright future it seems

The Canadian economy is absolutely built like a tank.

1. If it had not been for the tiny stimulus package, Canada's national debt would have fallen to 30% by now, the lowest in the Western World. last year.
2. We export loads of lumber and natural resources to China so our balance of payments is great.
3. Banknig acts here have meant that they were only able to dabble only slightly in the Credit Default Swap market etc and what they did do was highly proiftable.
4. Not one single Canadian bank has failed, they have showed persistent profit throughout and no Canadian bank has needed a cent of bailout, even thought he Government offered a little if they needed it.
5. The housing marker is reaching record levels of housing starts and land prices are bullish.
6. Concerned about the meltdown over the border, the Canadians have been "thickening the border" due to the risk in the future of penniless and starving Yankies one day trying to scramble over the border as illegal immigrants when their own country goes belly up.
6. Canada has natural resources per head of the population second only to Saudi Arabia , but none of its debt.
7. WHilst Canada allows GMO, Quebcec's aggressive stance has had the indirect effect of scaring off Monsanto and corporate farming tosome degree,
8. Quebec's aggressive language laws has had the indirect affect of scaring off many of the NJWO captains of industry, not least in internet provision. Videotron, whilst manned by ignorant Quebec people who like to tell English folk where to get off, is still 100% Quebec owned.
9. There is not even a hint at the introduction of ID Cards up here, damn all closed circuit cameras and no particular hint of introducing them.
10. George W Bush's reputation here was somewhat similar to that of a cross between a Mongol Warriro and a Mongoloid child. Anything that he stood for is viewed as an abomination, so much of the excesses of the USA over the last decade have been avoided.
11. The last four very stupid American presidents have really taken Canada for granted. Whilst paying lips service to their stupid security tosh like no fly lists that Canada has quietly effectively junked or maide semi-operational, Canada has sold the USA endless truckloads of lumber and strolled to the bank with wads of Yankie dollars, saying "Thank's for your pay packet, sucker!"