Finally, they're officially admitting it. By the way, this goes for the whole West.

Woohoo! I love recessions. Oh wait, recessions are bad right?

We are in a crazy world where anyone gives a hoot to crédit agencies Who rated the assets that nearly destroyed the global economy as AAA. It was baffling to me in the US how they use your crédit score as a lever and threat. I Guess if you are wed to the lunatic system, that works.