How many of you are in a position to think that a recession will not affect
 

...you to any great extent?

present.

Indeed :)

im here to stay :)

I dare not tempt fate.

A recession will affect everyone.. some larger than others

Produced in Canada.

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Hosted in Canada.

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...in Canadian dollars.

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What is this thing, recession?

i don't think anyone is recession proof, it hits all of us regardless of what industry you are in or what you do

it may not be directly, but it hits you in some way

Billing in canadian dollars too ?

What about the majority of your customers ? Americans...

What about the fact that 75 % of all canadian exports are to america ?

If you think the recession will not affect you, you're dead wrong... It fill affect greatly the north american and asian market. Everybody will be affected.

The budjet of our province was posted yesterday, everything was done in a conservative way, in preparation for the recession.

We shall survive just work hard spend less.

I don't doubt that's true - but thankfully we've [yet] to see any effects of a recession in our stats and earnings.

In the meantime - we've been doubling production output and stockpiling a ton of new content since Jan. and preparing for a worst case scenario if it happens.

Ever hear of dominos?

Recessions primarily effect the middle class. Since most people here are low class, they won't notice a thing. :thumbsup

You are correct but I said to a great extent. A recession or even a depression will not affect me to any great extent...I was just curious as to who else will not be affected to any great extent.

Anymore of you?

Two things to consider. Wealth and income.

Income. I don't think a 90/91 or 01 style recessions would hurt our business much. I think an 80/82 style one would. We haven't seen anything yet. All ratios seem the same and so on. If I had to guess I'd think something worse than 90 or 01 but not as bad as 80/82 but who knows. Many possibilities and future events will still determine the course. Consumer spending is notoriously difficult to predict. Sometimes when the consensus is that the consumer should be down they spend and vice versa.

My housing value and investments are already down. Investments holding up pretty well though. Lots of gas and oil stock to balance the shit going on elsewhere. Hopefully I've made the right moves in the markets to capitalize on the lower equity prices. Could end up even better than without a recession. But the value of my house is down something like 20% off peak.

There are dangers. There are also MANY opportunities. A long deep recessions might bring firesale prices to local businesses whose owners can't weather the storm. There are already beaten down equity prices which are probably great deals. Housing presents (certainly risky) opportunities.

How about the predicted depression in about 2 years?

If we do not get rid of the fed now there is little hope to avoid a depression.