There are millions of rocks around the globe which could tear out the bottom of my ship and turn that vessel into an international disaster. Thus, when it comes to those millions of rocks, there is one very simple rule I am obliged to observe: Miss every goddamned one of them.
So after the sunshine and smoke that Stephen Harper and his coterie of sycophants have tried to pump up your ass, you have to ask, "What form of economist is Harper?"
This speaks volumes.
Canadian consumers are about to rein in their spending, cutting off some of the blood flowing to the economic recovery.Well, doesn't that make Harper's forecasts of sweetness a little bitter. But it gets worse.
Tapped out and debt-burdened, with net worth slipping, the all-important shopper will have to juggle the budget to allocate more to repayment and less to discretionary spending as borrowing costs rise. The expected pullback comes in a key selling season for retailers in the run-up to Christmas.