Comments on: Dazed, Confused and Unemployed

By: lyka

lyka — Sat, 25 Jul 2009 10:32:35 +0000

i think the year 2010 will be a bit better compare this year..that is only my gut feel on this crisis..after the bail out for some big companies if this will push through..

By: takatenamano

takatenamano — Fri, 24 Jul 2009 04:20:42 +0000

Nice, always expect the worse. That’s good actually because the last time that I watched TV with an expert economist, none of the things he predicted ever happened.

By: nakchura

nakchura — Wed, 22 Jul 2009 02:08:07 +0000

So if those condos and houses are sold quicker the sooner the economy will be back to normal right? Then the main problem would still be on people losing jobs. If they have jobs then they have money. If they have money then they’ll be sure to get a home of their own.

By: krisskross

krisskross — Tue, 21 Jul 2009 05:44:24 +0000

With an increasing number of people, the government is surely having difficulty with regard to unemployment issue. There will be less pain if we do something now. I guess, for those who are unemployed, they should think of plan B, like starting a small business. What do you think? I’m sure you don’t want to be included in the increasing number of unemployed, right?

By: admin

admin — Sun, 19 Jul 2009 18:14:35 +0000

I don’t think those bank profits say anything about how the economy is doing. It’s just another one of those things the Press points to, a chance to say things are getting better somewhere. The economic reality totally conflicts with bank profits. When they can tell me that there are fewer unemployed, that home values are not in free fall and that the the national debt is going down big time . . . that would give me some peace of mind.

By: venkatlux

venkatlux — Sun, 19 Jul 2009 16:05:29 +0000

I totally agree with what you have said about the signs the economy has been showing, and the rate at which the jobless figures have been climbing.

A silver lining, if you like, comes in the results announced by BofA and Citi 2 days back. Let’s sincerely hope this faint sign of reversal is sustained, and spreads to other industries as well.

By: Ricardo

Ricardo — Sun, 19 Jul 2009 13:08:04 +0000

I’ve worked in the film industry in Toronto, and I was constantly surprised to see how much downtown office space was available for location lunchrooms or holding areas. There are so many entire floors just sitting there empty.

My impression is that generally, things in the real estate market aren’t as bad north of the border as they are in some areas of the US, but I do notice that some of the condo projects have been scrapped in the last year or so.