July 15, 2020
"Bank of Canada Governor Tiff Macklem assured Canadian households and businesses that borrowing rates will remain at historic lows for the foreseeable future."
Early 2022 commences a campaign of the highest rate increases in a generation.
Not sure if totally incompetent or intentionally deceptive.
Anyway, I was listening to an interesting take on Jerome Powell. The person was profiling Powell and figures that as a 70 year old he doesn't want his legacy to be the one who let inflation run rampant and he doesn't have a lot of time left to nurture a slow correction. This persons conclusion was more and more dramatic rates increases down south until unemployment rises significantly.