ST Alpha - "You know, we joke today, but it was only 15 years ago that Canada was seriously flirting with debt-default. Part of the 1994 budget arse-kicker was.." (Reading a Post)

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You know, we joke today, but it was only 15 years ago that Canada was seriously flirting with debt-default. Part of the 1994 budget arse-kicker was..

Posted by Name Withheld By Request (aka BlueKopo) Oct 30 '08, 14:18

...Inspired by the global economic community telling us to get our shite together. (Debt as a percentage of GDP was something crazy like 71%.)

As much as Canadians talk about "the dark 90's", they basically set the stage for Canada's potential today.

Responses:

71% isn't crazy. Italy's debt is crazy. Japan's debt is craaaaazy! -- nm - Roger Morbid Oct 30, 14:31
Really I'm only commenting on the counterintuitive drop of the C$ when it's the US economy taking it in the shorts. - Reagen Oct 30, 14:19 3
- Yeah, that's pretty weird eh? - Subversive Oct 30, 14:23
- Oh yeah, we're still undervalued, even with the 5-cent pick up of the last three days. -- nm - Name Withheld By Request Oct 30, 14:23 1
  - If it stays like this until google cuts the ST cheque, and rebounds after I cash it, ST might benefit :) -- nm - Beryllium Oct 30, 14:25
(So, if you can find it in your heart, give Brian Mulroney and Paul Martin a great big hug) -- nm - Beryllium Oct 30, 14:19
Word. -- nm - Beryllium Oct 30, 14:18

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You know, we joke today, but it was only 15 years ago that Canada was seriously flirting with debt-default. Part of the 1994 budget arse-kicker was..

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