On Sunday morning I caught a bit of an interview Mark Carney did on CTV(similar to shows like MTP). Carney was also recently appt'd by the G20 governments to be the Head of the International Bank Stabilization Board, and was ranked recently by Time as the 21st most important person in the world.
If you are interested in a more dispassionate discussion of the world and US situations, you might want to watch these two excerpts.
Here's a link to the first part.
http://www.ctv.ca/... Also a short summary .
Second part is very hard-hitting for the USA.
OTTAWA — Bank of Canada governor Mark Carney says the U.S. economy could take years to recover from its current weak state -- and may never return to its glory days.
"The nature of the U.S. recovery, it's going to take a number of years before they get back to the U.S. that we used to know," Carney told CTV's Question Period.
"In fact, they are not in our opinion ultimately going to get back fully to the U.S. we used to know."
The weakness south of the border is costing the Canadian economy $30 billion annually in lost exports, according to Carney.
And while the central bank is predicting a 0.6 per cent hit to the Canadian economy -- worth about $10 billion -- from the European economic crisis, Carney says consumer spending and business investment will prevent Canada from sliding backwards.
Also a link to a Globe and Mail article. http://www.theglobeandmail.com/... The link at the bottom of this article, to over 500 comments, is also worthwhile.