Thursday
Jul092009
America's down, but don't count it out – inspiration from GE's CEO Jeff Immelt
July 9, 2009 America's an economic mess, and some Canadians are gloating because our banking system is (so far) uncomprised, our stimulus programs haven't been hijacked by cronyism, and our wealth of natural resources and universal healthcare system provide a cushion for both governments and taxpayers to ride out hard times. BUT, if the U.S. ship sinks, Canadians can blow their horns as hard as they can and we're still nothing more than the orchestra playing bravely on the deck of the Titanic. That's why I keenly observe changes in the American economic psyche. At the grassroots, Americans are starting to save again at the fastest rate in 15 years.