Friday, November 28, 2008

Jim Flaherty: State of the Economy: Shoes are too big

Can Jim Flaherty really fill the shoes of Finance Minister? He is known to create disasters, not overcome them. Because of the Income Trusts fiasco people who had money in RRSPs and RIFs lost over $30 billion nationwide through stocks tumbling for Income Trusts type of shares.

Now there is a disastrous economic situation globally and Canada is no exception to it despite Harper’s mantra that "the fundamentals of our economy are strong." People have lost half of their portfolios if their stocks were diversified and even more if they were not diversified. It is a financial nightmare for Canadians which they would hope was only a nightmare they would wake up from. That ain't going to happen. Does Flaherty have the know-how to handle it? I have doubts, all the more reason to worry.

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2 comments:

  1. Perfect! The little guy can't fit into this portfolio. It's waaay too big for him.

    Thanks for the laugh, out loud no less! :)

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  2. Penlan, you're welcome.
    Flaherty is my favourite character. More pictures are coming on him. Keep checking.

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