RE:RE:RE:Sold a few
flamingogold wrote: Canada may not be knocking it out of the park as in the US but we are not in recession. We have a widening wealth gap, the haves and the have nots. But, no recession and all time highs on the index is proof of that.
Torontojay wrote:
savyinvestor333 wrote: So I decided to trim a few shares here before results come out. Still a good sized position but just being a bit more defensive considering the nice gains overall so far this year. I think if results are not great the downside here is still pretty limited and with any shareholder riendly talk in the release it would be a potentially positive event. On a side note I see Lulu down 10% after hours on their guidance.
Ok, now you're listening Savy.
Canada is in a recession right now. Retail will be weak for a while longer.
You are very much in denial. I will provide you with facts and not opinions.
Japan is in a recession (you can verify) but yet the Nikkei index has reached an all time high. Germany is in a recession. The UK is in a recession and China is experiencing not inflation but deflation. It is very clear to me that the world economy is stagnating. All spare you the recession word if that freightens you. Canada's gross domestic product per capita has declined for 6 consecutive quarters! What would you like to call that? A thriving economy?
A recession gets announced usually a year after it has already begun. In other words, Canada's recession could be announced next year even if its underway. This happened during the great financial crisis where the recession was announced in Dec 2008, and they backtracked it to Dec 2007as the official start. Let's talk about the stock market for a sec. You told me that an economy cannot be in a recession if the stock market is doing so well. This is clearly wrong. What happened to the S&P 500 reaching a peak in October of 2007 even though the greatest recession was only 2 months away? The stock market is not the economy and there can be a bifurcation between the two.