recession

3:54PM
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The two biggest automatic stabilizers from Ottawa are income taxes and employment insurance payments.


3:48PM
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A phrase heard almost hourly at the conference was “this time is different.”


3:30AM
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Canada raised tariffs in the 1930s and sunk into the Great Depression.

3:00AM
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In the story, the government makes owning gold illegal and confiscates all gold coins and jewelry.

3:00AM
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Though Canada escaped lightly from the last crisis, we may not be so fortunate in the future.

11:48AM
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In his book, the former Federal Reserve chairman confesses that the Federal Reserve and the Treasury Department were powerless to prevent Lehman Brothers from failing.

3:01PM
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When you’re in a recession, one of the key signs is that employment is either stagnant or falling.


9:00AM
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The United States continues to suffer from a historically weak economic recovery. Monthly GDP and employment numbers remain near anemic. From a historical perspective the economy should be roaring by now given the pronounced contraction in 2008.