Wednesday, July 07, 2010

Economic Recovery?

The TSX has been drooping lately giving new fear of a double dip recession. So now no country is attempting to spend more money, but with fear growing and economic confidence is down the recovery could turn to another recession. No country is eager to tell the world they are going into a double dip recession that will just cause more fear. I think that the economy is slowing down because of the Europe crisis so they have less confidence in the global economy. I still think that we are not going into a double dip recession if we don't shake the economy anymore. Canada is doing well , and will continue to do well I think this is just a bump in the road.
The S&P/TSX composite index ended trading down 103.56 points, or 0.9 per cent, to 11,092.5. Its previous low close for this year was 11,094.31, on Jan. 29. 
Though closed on Monday, the Dow Jones industrial average was on a seven-day losing streak up to Friday, its longest such stretch since October 2008, when the financial crisis sent markets into a tailspin.
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