RE:RE:Canadian Dollar strengthSo who is going to cut interest rates first and when?
PS Brazil's central bank lowered its benchmark interest rate by 50 basis points in Dec to 11.75% -- its fourth consecutive rate cut. I don't any investor that bought or sold Petrobras based on that.
We had roughly 15 years of the US, Chinese, Japanese, EU playing games around currency / rates. You did not need a finance degree to realize negative rates were a stupid idea.
You also don't need a finance degree to realize our CPI is so messed up it doesn't make any sense. It doesn't correlate to many long range series like house prices, debt, money supply.
Example: CAD currency in circulation should be dramatically decreasing as more and more purchases are electronic.
Is it?
What has it been since 2008? If I order through Amazon can I pay cash?
Look at currency in circulation. Does it make any sense?
Hate to say it but CPI macro garbage in = garbage out.