TSX:AX.PR.E - Post by User
Comment by
Reece1986bon Sep 21, 2023 1:43pm
82 Views
Post# 35647787
RE:Absolutely insane
RE:Absolutely insaneI'm starting to fear that there may be no choice but to deliberately cause a deep recession to get inflation and interest rates under control. Current interest rates are already too high for government budgets once their debt needs to be refinanced. Entitlement spending, green/clean energy policy, greater focus on equity/income redistribution,... The future is going to be more expensive with more Baby Boomers retiring everyday and beginning to draw on the system.
SNAKEYBOY wrote: Powell should not be tanking things this late in the cycle. And oil couldn't care less... market crashes 1000 points oil will go up