Quote:
Originally Posted by ehrgeiz
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. |
Powell going to make the market bleed with a 0.5% on Feb 1st . I don’t think people took his last warning of more rate hike and pain are coming seriously .