Quote:
Originally Posted by fotze
Saying Calgary is going to get missed by the recession? WDF?
|
Slava (or others) can confirm, but I believe the technical definition of a "recession" is 3 quarters of negative growth in a row. I don't even think Calgary has had one quarter yet. I don't think Q408 got bad enough early enough to be negative so we are perhaps starting with the current quarter. Depending on what happens with the wacky oil prices it could bounce back as quickly as it went down. (I'll do my best to convince any Oil Sheiks I see in Dubai next month to turn down the taps.)