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Geez. '81-'84 was a real horror show. Glad I was only 7 years old when it hit. I was looking at the employment graphs for the US over at CalculatedRisk. Canada seems to be much better off than the US this time around.

It was a horror show in the housing market as well, if I remember correctly. Prices fell a lot. A lot of foreclosures and negative equity. I'm not even sure if 81-84 Canadian housing market might not be about as bad as the current 08-09 US housing market.

81-84 *was* brutal. It hit while I was doing my undergraduate, and while my cohort (the largest in the Canadian demographic pyramid) was entering the labour force.

So I went to grad school...

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