Definitely not, and here’s at least, part of the reason. When an economy drops off the charts like this, people immediately (partly due to mass hysteria) hoard their money and save save save. However, the only way to strengthen an economy is with the circulation of money and trading of goods. An economy is not how much money a country has, but how strong its financial structure holds. This is not to say to go out and buy some bling. With the state of the economy, coming by money is hard, but it is healthier to still live within your means while still circulating the currency. To tell the truth, I’m glad we’re in Canada, because this crash has not affected us as much as the states, therefore, we may very well bounce back from this sooner than them. Here’s hoping.
