Europe debt crisis is moving from Greece to Spain and Italy.. Even if these countries manage to pull their heads up , they will have to cut spending and will in turn cause a economic slowdown.
US budget deficts have gone out of hand and economy is getting propped up artifically by printing money and keeping interest rates low.
US EI claims are up.
Canadian debt level has been marked as a concern by Bank of Canada.
Analyst are weary of housing collapse in canada as a reason to stay away from canadian banks
I work for a large Canadian company and my company is letting go a lot of contractors.. and probably full time people in 2 months time even though our profits are not down.
Most people getting laid off say job market is very though right now.
Indian rupee is depretiated from 43 to 46 range to 51 to 53 range against the US$.
Do u guys think Economic signs are all pointing towards another recession?
Location: God's own country
Posted on: 12-04-12 12:30:53
Sorry to hear the news.
Indian economy is going great guns, but please donot come to India and spoil the place.
I just now read in THE HINDU that Greece is going through a second recession in 3 years.
However, I donot expect any IT jobs to disappear in Canada per se but may be hiring may be slow. Other jobs were hard in Canada anyways even prior to the recession (esp. for new immigrants).
anyways the river will find a course to run. May be a war with Iran may stimulate the US economy and guarentee petroleum supply for the next 100 years and economy may go great guns. You never know.
peace
-----------------------------------------------------------------
I am a Gents and not a Ladies.
LOL
TK are u scared we will take ur job
Quote:
Originally posted by tamilkuravan
Indian economy is going great guns, but please donot come to India and spoil the place.
peace
Quote:
Originally posted by ashedfc
Finally why bother!!! Whatever will happen will happen.. Just make sure you have your budgeting taken care off.
That's entirely true.
U are so right..
Quote:
Originally posted by ashedfc
So my friend, market volatility is a norm now, couple months up & than couple months down. Same thing is with jobs & contracts, you have & than you don't, lot of uncertainty.
Finally why bother!!! Whatever will happen will happen.. Just make sure you have your budgeting taken care off.
Quote:
Originally posted by dudewheresmycar
Do u guys think Economic signs are all pointing towards another recession?
another? when did we come out?
after buying house last year. I am trying to build up my regular saving account to have 3 months of cost saving lest I got layoff. I must admit it is tough, when one have to buy a best furniture and other stuff for new home. What more, leons etc give u free 18 months loan. So buying is tempting. I am making a point to pay back the furtniture debt on regular basis .
And yes, enjoying the exploded house prices . all virtual money
-----------------------------------------------------------------
infocan
