As we saw this week, they’re not so good at being subtle.
“Yes, is this customer service? I’d like to report an outage in the magic money machine.”
All eyes on (geo)politics. And Canada. Of course.
Waiting on Santa.
Buckle up, this could be a bumpy ride.
Ok, look: if you’re still hungover from a combination of turkey, greasy mashed potatoes, and copious amounts of not-quite-top-shelf red wine, it’s time to snap out of it because last week is melting into this week as tends to happen historically on Sundays.
“The reality is that no country can afford to have the most aggressively tight monetary policy. Whoever is foolish enough to attempt to return their monetary policy to normalcy, finds themselves at the end of a strong currency, and importing all the world’s deflation.”
“…or what counts as ‘fireworks.'”
BANK OF CANADA WILL BE ‘CAUTIOUS’ WITH FUTURE RATE INCREASES
As usual, the docket is full and the risks are multiplying.
Oh, boy. Try to wrap your head around all of this.
“I can already hear the guffaws from all my hard money readers. The last thing the government needs to do is spend more money is what they will say. We need to save more, spend less, and tighten our belts. Well, that has been tried.”