the canadian dollar lost 10 cents in the last 10 days.
i lost $20,000 in stocks so far ... but i'm not touching anything - i'm pretty sure there will be a rebound eventually ..
but yes indeed - it is the panic that sends us deeper into recession.
people are scared - they stop investing, they stop spending.
the economy needs to be stimulated - without spending - people are laid off - less people can afford to spend and the spiral goes lower and lower tightening all the time.. the ultimate vicious circle.
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You make stupid look smart.
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