Let’s do a quick round up of some of the links that showed up in the Friday Free-for-all post:
Nassim Nicholas Taleb is interviewed in the Globe and Mail. Is the recession over, or do we still have the same disease?
A lot of the growth of the past few years was fake growth from debt. So swallow the losses, be dignified and move on.
The Economist has an interesting article looking at some of the challenges facing the BC economy during the winter games.
The provincial government insists that it will not spend more than C$765m on the games. But that omits some C$4 billion for infrastructure projects which formed part of the successful pitch to hold them.
In the National Post Flaherty admits there are ‘limited’ tools to control the loonies rise.
Mr. Flaherty’s admission caught some analysts off guard. Eric Lascelles, chief economist and rates strategist at TD Securities, described the comments as “unusually frank” for the Finance Minister.
Meanwhile in Victoria the drop in tourism has taken another victim: Travellers Inn has filed for bankruptcy.
“In the interim, we’re just trying to inventory and assemble any assets that are available so that we can start trying to distribute funds to the creditors, the first of whom would be the employees for payroll,”