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28
Canada starts rate cutting cycle. Despite rampant inflation (especially in housing). (www.zerohedge.com)
posted 2 years ago by NatalieBiden 2 years ago by NatalieBiden +28 / -0
Bank of Canada Cuts Rates By 25bps As Expected, First G7 Central Bank To Launch Easing Cycle
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
www.zerohedge.com
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▲ 16 ▼
– deleted 16 points 2 years ago +16 / -0
▲ 7 ▼
– BollocksToBolsheviks 7 points 2 years ago +7 / -0

May I introduce you to Executive Order 6102?

in exchange for $20.67 (equivalent to $487 in 2023)

Current spot price: $2,351.70

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▲ 3 ▼
– deleted 3 points 2 years ago +3 / -0
▲ 6 ▼
– HallucinatoryBeing 6 points 2 years ago +6 / -0

The French Revolutionary government also banned gold under penalty of death; no one wanted to use the worthless fiat currency. But when the alternative was guaranteed starvation, you took your chances.

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▲ 3 ▼
– BoberFett 3 points 2 years ago +3 / -0

Come and take it.

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▲ 9 ▼
– cccpneveragain 9 points 2 years ago +9 / -0

I've been surprised the US hasn't cut rates yet. Free debt is not the answer, leave it be long-term.

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▲ 3 ▼
– BoberFett 3 points 2 years ago +3 / -0

They will soon. Gotta juice the economy before the election,even if the long term result is a smoking crater.

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▲ 2 ▼
– JustHereForTheSalmon 2 points 2 years ago +2 / -0

Who wants answers? Not the government. They want crisis after crisis to sell midwits on tyranny.

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▲ 8 ▼
– Benevolentdictator 8 points 2 years ago +8 / -0

Trudeau's government didn't implement a single austerity measure to reduce government spending and ease inflation.

All they did was raise a pittance in revenue by hiking carbon taxes and bringing in new capital gaine penalties.

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▲ 4 ▼
– RoulerBleu 4 points 2 years ago +4 / -0

Is Prime Minister Blackface out of ideas after never trying to cut on his insane levels of spendings, immigration and corruption?

Lowering interest rates without getting inflation back to under 2% is going to make things worse.

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▲ 1 ▼
– deleted 1 point 2 years ago +1 / -0
▲ 6 ▼
– 8BitArchitect 6 points 2 years ago +6 / -0

Because the more of you fuckers do it, the harder it is to trace any particular rape back to you in particular. Is that it?

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▲ 2 ▼
– deleted 2 points 2 years ago +2 / -0

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