TSX:TNT.UN - Post by User
Comment by
wheeloffortuneon Aug 10, 2023 2:16pm
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Post# 35582246
RE:RE:US inflation cooling
RE:RE:US inflation coolingSaying Canada needs to raise interest rates to prevent hyperinflation is simply nonsense. Japan's Central Bank Rate is still -0.10%. BUT, the inflation rate for 2022 is 2.5%. Japan has over 3X the population of Canada and is only a fraction of the land size. Why doesn't Japan have hyperinflation if what you're saying is true??
colucci wrote: Inflation is just going to take off again the second they decide to stabilize their rate or even cut back, because you, the consumer, has not yet felt enough pain to learn your lesson. For the time being, we`re either going to keep having inflation or we`re going to keep having rate hikes. This will keep happening until we get hyperinflation or a recession - and the fed does not want hyperinflation. A marginal month-to-month decrease in the rate of inflation is not going to do the trick for anyone.