Thursday, June 11, 2009

Economic Forecaster Fail

Globe and Mail headline: PM delivers rosy economic report. What else is new?

Here we have Steve giving stock tips just as the Stock Market was tanking.

So, are we supposed to believe Steve now?

Update: It really doesn't matter if anyone believes Harper or not. Our pundit class, the official opposition, and the other opposition parties have no stomach to call Harper a liar and dump his sorry ass. The Liberals are waiting for their numbers to go over 40% (think of it as sort of like a road company production of Waiting For Godot) and the other parties are waiting for Jesus to return.
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  1. AnonymousJune 11, 2009

    all screechy partisanship aside, if you really had taken $10 or $20 from each pay cheque and bought some equities since Steve (as you call him) suggested it, you'd have a tidy capital gain to realize today to pay for a much-needed item...jus' sayin'

  2. "you'd have a tidy capital gain to realize today to pay for a much-needed item".

    As long as you still have a job. Same as the last depression.

  3. AnonymousJune 12, 2009

    Do I gather you don't have a job?
    Unemployment is at, let's call it 10%(though it's not that high). At the time of Steve's statement it wasn't that high yet. Not quite depression levels - I'll grant you the inevitable not yet.
    That means 90% of the workforce was and is still working.
    Laid off auto workers are getting a top up to EI. The ones I know did exactly what Steve suggested...some are smiling today as I wave to them while I go to work.
    Wow, you are one miserable person.

  4. Wow, you are one miserable person.

    Alas, it is my curse.

  5. Pedro, I do have a job (thank God), but I have friends and relatives who have lost theirs due to the decimation of the manufacturing sector in Ontario. Yes, there is a slim chance I could have made a few cents if I was crazy enough to put money into the ponzi scheme known as the stock market, when Steve bravely called us to rush into a falling market (and a few weeks later declared that Canada would have a budget surplus). During the Great Depression, 75% of the workforce was employed. By your logic, that was pretty good. The 25% who were unemployed just didn't have the right attitude, I guess. They should have been happier.