Thursday 7 July 2011

(not so) funny debt language

Something just doesn't seem right about the Globe's analysis of our debt in today's business section.  A line from page B7 reads: 


"While Canada's total debt is around $560 billion (higher if the provinces are included), we are in good shape relative to most other countries ..." 


Now I'm no economist, but given this particular usage of the word 'relative' I'm not sure those other countries represent a standard we want to be measured by!

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