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I think Brendon deserves a special mention for his exchange rate forecast of 0.94.

Andrew, if you play your cards right, you could dine out on this forecast for the rest of your life. Lots of Bay Street economists have managed to leverage one lucky good point estimate into a neverending meal ticket.

I think the stock markets 'recovered' so much more than employment for two reasons:
1) People overestimated how bad things were with the financial system
2) the stock markets almost always precede the job market recovery as companies' slashing of employees makes them more efficient and increased their productivity. They start hiring again after when demand picks up and excess inventories clear out.

Agreed Chris.

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