Mike's Daily Comment
According to Yves Giroux it’s time to get the deficit under control – and within two years. Which coincides with the Armstrong model for the coming sovereign debt and monetary crisis. But is anyone listening.
Politicians may use it as an excuse but a closer look at the numbers reveals that it’s really their choice.
Today let’s focus on the best interest of workers and not necessarily the agenda of the elites.
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Within the Liberal Party (see Bill Morneau’s departure) and the government bureaucracy. When is the spending enough? What do you want for the next billions borrowed?
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Bank of Canada is Worried
Posted by Michael Campbell
on Thursday, 10 September 2020 6:10
So worried that they are spending $5 billion per week buying government bonds to keep rates down. After $250 billion in fed spending and record low rates we’re only back to 70% of pre pandemic levels of growth.