Quote:
Originally Posted by Realtor 1
This American theory that the market has to crash to correct itself is a joke.
Why can't the market correct itself a few percent this year followed by 1% growth for the next 5 years. Why can't the market correct itself a couple percent over the next few years? Why does it have to "fall off a cliff"
Reading the comments in the article, all the American posters fail to realize the difference. Their economy didnt correct itself - a system that was flawed from the start and and needed some time to be exposed. Their economy was essentially "busted". Our government has a much more involved approach with rules/regulations. We are not 100% safe from a crash but writers like this come across as if there is 1 option and that is a complete collapse of our economy.
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Because if the title read "canadian economy will slowly stabilize" nobody would read the article. They need the shock value for more readers. Macleans magazine is another one that does is all the time.