I don't say the end is nighgomyone wrote: ↑The irony is that clueless people think everyone is nuts except themselves. You tell me I'm full of crap, the Bank of Canada is not rational and that it "will not end well". What makes you any different than the nut job running around saying "repent, repent, for the end is nigh". That's right. Nothing!
I just don't see any logic
BoC governor says housing is a sideshow and with rate cuts he is stimulating economy (devaluing dollar in reality)
in US recession was triggered by collapse in housing and the last thing BoC should do is to create blow off top
dollar would collapse even without rate cuts and honestly current rate cuts stimulate only leveraged things like housing.
but given their behavior I totally expect now Canadian QE and Canadian dollar under half US cent within the next 2 years
I don't even want to think what's gonna happen if inflation eventually picks up after massive devaluation and they have to raise rates 2-3% to avoid currency crisis
this is what I mean when saying it will not end well