TSX:AX.PR.E - Post by User
Post by
garyreinson Aug 03, 2024 9:16pm
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Post# 36163631
CENTRAL BANKS WERE TOO BUSY SAVING FACE
CENTRAL BANKS WERE TOO BUSY SAVING FACENeeded to acknowlege the 3 root causes:
- 2 year lockdown pent-up demand
- 0% rates + QE
- Massive stimulus money
- Disrupted supply chains
Not jacking rates up to 5%+ and leaving them there for over a year, 3 years after covid, for no obvious reason
NOW THE HARD LANDING IS BACK ON THE TABLE. GLOBAL EQUITIES AND CRUDE GOING TO TANK LIKE TJ PREDICTED ALL ALONG