Why is it that no one in the mainstream financial media ever asks, “Whatever happened to higher for longer?”
The Bank of Canada reduced its benchmark interest rate by 25 basis points on Wednesday, a move observers had almost universally expected amid various signs of economic weakness.
The Bank cited the “weakening economy and less upside risk to inflation” in its decision to cut.
Higher? For longer? Now what politician or political hack (and that certainly includes the governor of the BOC) would risk that? Because its (a) all about re-election, and (b) Canada’s infantile electorate has no capacity for truth or cares about anything beyond today.
May have been the weed they wanted to try…
Bandage on a gaping wound, lipstick on a pig, air freshener sprayed on the manure pile, much ado about nothing, comedic theatre for the ignorant. I could go on but you get the point. It will accomplish nothing of significance but to gull the gullible.
Forget about tweaking interest rates, I’d like to see the Bank of Canada dissolved. Permanently. And legislation passed to make having a central bank illegal.
Amazingly humanity survived before the invention of legal counterfeiting operations that create inflation by design.
BOC is asshoe
In a related story … the FED FINALLY cut the discount rate by 0.25% and promised another 0.50% cut by year end. And the DOW is spiking massively HIGH … currently +475 points!
Yeah … I bought the dip, as heavily as I could on Apr. 1 … when the “wisest” of all financial gurus insisted that Trump’s tariffs were gonna create another 1929 Depression … Smoot-Hawley … oh my!!
I’ve never ever before made so much money in the market so fast. Why? Because I can detect TDS when it rears its ugly head. And now I am profiting from my discernment. Yes, as a matter of fact, I DO believe that the Holy Spirit has bestowed me with the Gift of Discernment.
Kenji, don’t fall in love with it, I’d lock in some profit, it is getting ugly, fast.