Financial Advisor Brian Doyle, of Doyle Salewski, says the current economic situation borders on crushing- and comparisons with the end of World War Two are not warranted.
Doyle says governments have been printing money like there’s no tomorrow.
Brian Doyle sympathizes with those for whom food and shelter are the two greatest concerns, for inflation in those areas leads all other statistical categories by a country mile.
He believes Canada has been better managed than the United States- but the hidden costs of not remitting one’s HST to stay afloat are coming home to roost for many businesses.
Collective societal wealth is eroding faster than an arctic glacier, and even the rich and famous feel the pinch.
Doyle says there’s no consensus among the experts he consults with weekly between stagnation, deflation or inflationary options- and consequences.
By Rick Stow
