Technically speaking, the US is out of the recession, but...

But, the US is not out of the woods. Nor is Canada.

Economists say (and that is why we’re getting technical here) the US was technically in a recession for 18 months, the longest recession since WWII, and came out of recession - technically - in June 2009.

What else do we know?


["US debt has doubled in 8 years, to $13.5 Trillion"]

The pace of economic recovery since June 2009 has stayed for the most part below the level needed to replace the millions of jobs lost during the recession, and recent economic indicators tell us that growth has really been struggling again - or going backward - in the past few months.

So, if I do say so myself (and I do), untechnically, the US is still in a recession and Canada’s fate still hangs in the balance.

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Oh, by the way, US debt is technically going through the roof.

Get small before you get low.

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