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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)
Listen to the entirety of the important interview
Can we really afford the massive debt our governments are running up? what are the consequences? In a rare interview, The Parliamentary Budget Officer, Yves Giroux gives us some no BS, no political spin answers. Plus a head scratching goofy.
With the absurd assumption that all are equally effective – and the cost doesn’t matter.
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Looking Good vs. Doing Good
Posted by Michael Campbell
on Saturday, 28 November 2020 11:46
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.