RE:A Temporary Setback On Its Way To A Very Strong 2023I'm starting to think this is more than "temporary" , I remember Greenspan raising rates 20 odd years ago . He kept saying "we are tapping the brakes" and he kept it up until the market got launched through the windshield .
Powell has totally F'ed the pouch and now crushing personal wealth is the objective , governments want to vaporize all the covid money that inflated everything . As bullish as I am on O&G , I am just as wary of government meddling . I can see the market being squeezed right up to Christmas in an attempt to wipe the retail player out . I hope I'm wrong but when everyone says "that can never happen" , it generally does .
I really feel for anyone caught by these ridiculous circumstances but amateur government policy has pissed away another golden opportunity for Canada .