GREY:LRTNF - Post by User
Comment by
kirk15on Mar 15, 2022 11:20am
![](https://assets.stockhouse.com/kentico-cms/0338-00/images/Sprite.svg#id_Post_Views_Icon)
116 Views
Post# 34515130
RE:RE:RE:Head Shaking
RE:RE:RE:Head Shakinggoing back to history, you had central bankers who had the autonomy do do the heavy lifting, Canada had a guy named Gerald Bouey, the US had Paul Volker running the Fed, jeezus did they bring the pain to beat inflation when it had become chronic. Those were difficult markets that I survived and learned from, imagine renewing your mortgage at 26%, what would happen now were that to happen?
The guys who currently hold the seats have had only one answer, throw sacks of cash, dilute credit, engineer liquidity across the curve, so markets in equities and debt have been supported by outlandish CB actions if you use historical as a benchmark, it has been a one way street while they have thrown cash at problems seeking to avoid pain.
I recommend reading David Rosenberg, he puts a very simple spin on very real issues, there are certainly others, but DR breaks it down well.