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Global Rate Cut Bonanza Continues As Canada Takes A Swing At COVID-19
"While Canada’s economy has been operating close to potential with inflation on target, the COVID-19 virus is a material negative shock to the Canadian and global outlooks, and monetary and fiscal authorities are responding", the BOC said Wednesday, in the statement accompanying a 50bps rate cut.
It's the latest move by policymakers to drown a biological threat in liquidity and/or subject a virus to death by a thousand rate cuts. It's an inherently futile effort, but, as the few strategists s
Canada is more and more the Groupie much like it’s father the UK… Everything is in desperation mode here in the US (the ring that rules them all )… When a Biden victory on top of panic moves by the Fed is cause for a market rally of this magnitude especially when overlayed by a second Trump term we have a Political and economic Void of epic proportions..
Like Kevin is prone to say ‘ My job is to say what will be not we want it to be’….Rosy Scenario , FOMO , and BTFD are hard birds to shoot down and so they like the Sirens that whispered to Ulysses up to the point of near madness, they continue aided by the Political , media and other allied establishments that want Power and Money above all other things. I read the data (volumes of it) just like everyone else on this site but when confronted by confusion the simple answer appears when we step back to where our eyes focus best…
Yeah , I confess , I watched Lord of the Rings again ….
LOL
@George Wait, are you not going to tell us what the simple answer is?
Canada is a groupie to it’s father the UK????? Where the hell did that come from?
Little too much creative license here…. Was referring to culture , historical ties as well as close ties in their political leanings .. They did tend to act more independently until Trudeau capitulated to Trump type politics… That entire comment was a facetious look at the state of the equity markets and its relationship to rational (well anything). The interesting part of all this….we all get to react and 20-20 hind site is our judge…We however,, have to step up and (like Charlie ) and make our predictions…