Mike's Daily Comment
Mother: Son, allow me to offer my warmest congratulations. I’m certain that you’ll remember today as the happiest day in your life.
Son: Thanks, mom but the wedding’s tomorrow.
Mother: I know.
Shocking Stat
The federal government is financing their deficit by selling bonds to the Bank of Canada. Kind of like selling bonds to ourselves.
Goofy
A million Uighur in concentration camps, two Canadian hostages held for over 715 days and pro democracy protestors jailed – some Canadians focus on demanding the release of Huawei’s Meng Wanzhou.
Mike: Does it worry you that so much of the federal government borrowing is short term – given that make us vulnerable to future rate increases.
Yves Giroux: The appetite in the market is simply not there. (ie no buyers for Cdn 30 yr bonds)
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A new study explains the real motivation for donating to charity and supporting specific government policies. And in the process explains our love affair with virtue signaling.
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Why Isn’t the Federal Government Locking In The Record Low Interest Rates?
Posted by Michael Campbell
on Monday, 30 November 2020 10:14
As the Parliamentary Budget Officer explains – they are no takers. And that’s suggest a much bigger problem.