Interesting they’re blaming the Liberals when this decline’s been going on for at last two decades now, at least relative to global wealth. Frankly, I wouldn’t be surprised to see that relative standard of living compared to the rest of the world, we’ve been declining the entire 40 years on average.
And looking at the trends, we’re headed right towards another recession on top of a housing bubble burst, so no matter what anybody tries, we’re looking at another decade of decline before there’s even a chance of things getting better. The moment the housing bubble crashes, we’re looking at a similar situation to Japan’s lost decades, and we can only hope to ride it out half as well as they have.
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Interesting they’re blaming the Liberals when this decline’s been going on for at last two decades now, at least relative to global wealth. Frankly, I wouldn’t be surprised to see that relative standard of living compared to the rest of the world, we’ve been declining the entire 40 years on average.
And looking at the trends, we’re headed right towards another recession on top of a housing bubble burst, so no matter what anybody tries, we’re looking at another decade of decline before there’s even a chance of things getting better. The moment the housing bubble crashes, we’re looking at a similar situation to Japan’s lost decades, and we can only hope to ride it out half as well as they have.