While I am not equipped with a lot of economic data to make a case for either side of the argument, I am convinced that Canadians have already made up their mind if the polls are anything to go by.If talk is anything to go by, more and more Canadians are feeling the ‘r’ word. Recessions or two successive quarters of negative economic productivity, are often fueled by self-fulfilling prophecies of doom-and-gloom which often feed into a greater reluctance to buy and make plans for the future. The old bunker mentality often takes over and the downward spiral takes over. However, if my wife and I are anything to go by, the economy, on the whole, has a lot of positives to look forward to. We have entered our retirement in a spirit of wanting to purchase new furniture and appliances, travel some, move into a new home, and adopt a new lifestyle of adventure and change, all on fixed pensions and savings. We realize that many of these plans will come with their own checks and balances in the years to come. We are facing an insidious rising cost of living that will eat into our capital if we don’t keep a rein on things. It is this feeling of cautious optimism that might spell the difference between Canada and the rest of the world averting or experiencing another one. We still want to save though interest rates are so pitifully low that the only place to park one’s money is in non-market RRSP’s, so the only option is to keep our ambitions under control as we try to measure our future by managing our present financial resources wisely. If too many of us think this way, a recession might just become a reality that nobody wants, only because misery loves company and pessimism destroys economies.