Recession?

You know what I hate? I hate all this constant talk of Canada possibly being in recession. The media just pounds this stuff into you, almost to the point where you begin to believe it, and sadly some do. Anyone who thinks outside the bubble knows exactly what is happening. The United States may be in some serious trouble, and in the past this would have most likely pulled us down with them, but this is a much different time. Canada is a resource based economy, and with the world advancing at incredible rates, it won't be to long before billions become modernized. Think of it this way, with 300 million people the United States, it accounts for 25% of what the world consumes in oil for one day. China a rapidly growing country with a pop. of 1.2 billion people will not take long to pass the United States in consumption. This gives you an idea of what sort of demand there will be for Canada's resources in the future, and Canada is packed with everything! The world no longer consists of only the United States, nations all around the world are advancing, thus creating a vast market, larger than ever seen before, and Canada will be the fuel for that market.

I wonder if the TSX has hit an all time high due to fear of recession? that must be it. Although pullbacks are going to happen, it is pretty obvious that Canada is a major player in today's market, and will continue to expand globally. The United States with trillion dollars in debt, and a collapsing dollar, is the country in recession, not Canada, do not be confused by this.

Let us know what you think, post your opinion.