I was amused by David Jacobsen's little talk telling us the U.S. fiscal cliff is really just a fiscal slide. Meaning to me they'll slide into a deeper recession in time increments, it just won't happen on Jan. 1st. So it seems like a softening up to prepare us for no deal by the extreme polarization of the repugs/dems.
Bill Clinton by an accident said in June the U.S. was already in recession and many others say the same.
Meantime the U.K. may be going into a Triple Dip Recession
Of course the article doesn't say they are already in a double dip recession. Good luck Mark Carney.http://www.guardian.co.uk/business/2012/dec/05/triple-dip-recession-uk-services-sector
Canada doesn't have a Daily Job Cuts site as the U.S. does that I can find. But CP announced it will cut 4,500 jobs by 2016 (that Economic Action Scam Thingy not working) while Diane Finley finally admits the EI appeal system 'isn't working'. Duh ya think? http://www.theglobeandmail.com/news/politics/it-isnt-working-federal-government-looks-to-revamp-ei-appeals-process/article5989661/
The business writers, the economists and of course Flaherty are still discussing whether we're in a recession, they can't seem to make up their minds, but ferrsure expect 'modest' growth. The IMF warns us the 'era of austerity' will last until 2018. At least until real reform happens. It's gonna get worse before it gets better.