Who would have thought? The tightening cycle has begun and we'll see if this economy can stand on it's own two feet without the being propped up with taxpayer money - which is also drying up!
"According to a Royal Bank survey, two thirds of Canadians have been losing sleep over the state of their finances, and 22 per cent were worried about losing their jobs.
More surprisingly, more Canadians -20 per cent as opposed to 13 per cent the previous month - thought the economy will get worse in the next year despite all the evidence that it is bouncing back strongly from recession.
The sneaking suspicion that the rebound is mostly smoke and mirrors has some validity, say economists, who like many ordinary Canadians also believe the bubble is about to be burst.
"The nagging feeling that is too good to be true, there's something to that," said CIBC economist Benjamin Tal."
No comments:
Post a Comment