It Strikes Me Funny: Duck! Naval battle ahead with Luxembourg’s navy?

My dad was in the Canadian navy and he would not sit quiet if anyone insulted his boys in blue. He’d get downright huffy.

So I can understand if Luxembourg’s navy shoots a high hard one across the Bank of Montreal’s bow.


[Photo link]

Doug Porter, BMO’s deputy chief economist, recently said, “inflation is now about as menacing to Canada as Luxembourg’s navy” because Canada’s inflation rate continues to slide toward zero as ‘falling oil prices and waning consumer demand over recession fears drove many prices lower (though food costs rose).’ [Link to London Free Press full article]

Sure, that’s good news on the one hand:

“The new frugal could help the green movement. Big car sales are down; industrial emissions will likely drop. And the effects of lower consumption could actually achieve more than all of Al Gore’s finger-wagging.” [link to Living on Less, MacLean’s magazine, Nov. 3 issue]

But on the other, do you really want to say something inflammatory about the Luxembourg navy?

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During the recession, are you a spender or a saver?

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