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Credit Crisis and its Overall Impact

The stock markets around the world have been less than stellar but the underlying problem that is affecting the market is credit. The inability to borrow money to buy a car or a house will lead to negative GDP growth which means recession.

One of the most astute economists in Canada, Clement Gignac of National Bank provided some commentary touching on everything from the markets to future economic growth, mortgage rates, housing prices and the job market. Things that affect everyone, not just investors.

I felt that it would be beneficial to provide the video commentary as it really touches on all aspects of economic life for Canadians and to a lesser extent Americans.

To listen to this video commenary, please click the link to the podcast section of our site and click the Clement Gignac Commentary link.


Your comments are greatly appreciated.


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