[ZTWsquared]

NOS2Go4Me,Mar 4 2009, 10:43 AM Wrote:Not spending during a recession is a logical response by people clearly concerned about their short-term cash flow. I'll even admit to putting a LOT of gratutious purchasing on hold right now because I just don't want to spend frivolously during a recession. As shown in a plethora of articles around the world/web, infrastructure spending and easing of interest rates to encourage spending are two major avenues governments and top-tier, state-run banks can take to spur the economy on... and so far they're doing that.

Sorry to hear about your job, Nathan. :( Same to you sugardaddy. This is inherently what happens when outside corporations are allowed to take big footholds in Canada and then they're not compelled to stay and preserve even a small fraction of what remains as a "consolation prize".
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Fortunately my business gets busier during tough times like these -- lots of bad news that client corporations need strategic communications help with -- the down side is there is a lot of pressure on fees and so although I'm busier the revenue doesn't necessarily increase at the same rate.

Having said that, I've been doing my part in spending into a slowing consumer economy, but just as with my fees I'm looking for downward pressure on prices ... and so I've purchased a dozen or so items for the Fusion and scored what I think are unprecedented deals -- including an amazing discount on Magnaflow which I've never heard of before - - details to come in a more positive thread. Look out Daniel, the Fusionator's got competition.

Good luck to all those who find themselves job hunting - - happy to check out your resumes if you want an experienced second set of eyes on them.

Edit: and Adam I concur 100% - - I don't know what mechanisms are in place to deal with foreign ownership these days, but even in a global economy there has to be some accountability for maintaining jobs in an economy that they sell into ... I hope to hell we aren't now importing steel from US Steel that's made in American factories.