[Newsbot]

Title: How Canada escaped the worst of the recession
Category: Political
Posted By: OnTheIce
Date: 2009-08-30 17:33:37
Canadian

[OnTheIce]

TD Bank chief economist Don Drummond has few doubts the global recession would have lasted much longer and been far deeper had not central bankers acted quickly to slash interest rates and support lending, and governments responded in a co-ordinated fashion with trillions of stimulus dollars.

[Smacle]

i read that part in the article

[Lemmy]

Horseshit or at least half truths..."shorter" doesn't necessarily mean "better". The "worst of the recession" has not been escaped. The worst of this recession will be the decades of debt we'll have to juggle.