Description: As the COVID-19 pandemic ramped up in early 2020, leading to widespread lockdowns and a plunge in economic activity, the Canadian government, like virtually all its peers, flooded households with extra cash to supplement cascading income. As a result, even though employee compensation fell 9.2 per cent, a whopping 30.5 per cent surge in government transfers led to overall household income rising by nearly eight per cent from Q4 2019 to Q2 2020.

Source: FinancialPost.com – video report

Date: Sep 15, 2022

Link: https://financialpost.com/news/economy/david-rosenberg-canadian-recession-set-in-stone

Questions for discussion:

• What does David Rosenberg say about the reasons for inflationary pressures and the inevitability pf recession?
• Do you agree with this analysis?
• What would you advise investors do at this time?
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