Valeura Energy Inc T.VLE

Soft landing?

[goldwatch69]

Idiot U.S. Liberal government broadcasting a soft landing for so long has caused a financial crisis while fueling inflation with high interest rates. Does it occur to anyone that higher rates equals higher borrowing costs equals higher farming costs equals higher food prices?  And higher borrowing costs equals more defaults? Biden and Powell are complete morons threatening more rate hikes that will send inflation out of control, elevate bankruptcies and cause another real estate loan crash.  Same problem with Canada as a debt crisis is about to unfold.  Welcome to Liberal governments. So much for a soft landing.  And Biden the idiot has the audacity to say that there is nothing wrong with the U.S. banking system.

[firstworld]

With 90% of Canadinas on  govt supports / welfare Canada is already in crises. The faster the global minority go bankrupt the better I am waiting with cash and a firstworld passport haha. Good thing every o e needs oil LOL

[wajac]

Buzz off, buddy with your idiotic commentary. All the world is raising interest rates to fight inflation, no matter what their political stripe. It's not just a Canada/US problem. Of course you already know that! So stop the political BS.

[goldwatch69]

BS? You must be another stupid Liberal. The main reason rates are up elsewhere are to protect currencies from falling in relation to the U.S. dollar. The U.S. is leading the way and even in the face of bankruptcies, defaults and banks failing, the boneheads will continue fueling the fire while pretending nothing is wrong. You can't fix inflation like this. Interest rate hikes add to inflation.

[AucontraireII]

Goldwatch, raising interest rates curbs money growth by discouraging borrowing and thus reduces money supply, effectively fighting inflation (since money is lent into existence).  Read about what Paul Volker did in 1980 to stop inflation which was at the time running away.  Then just stop having strong opinions without knowledge and do us all a favor.

[CravenMoorehead]

Gold, I would agree with you to an extent.Governments today don't realize that fiscal policy is still an important tool. They'd rather just let central banks deal with all the problems through monetary policy so they can concentrate on their true day jobs; not responsible governance, but solely trying to get re-elected. That is the politicians true goal. We need leaders, not politicians

[CravenMoorehead]

Monetary Policy is a blunt instrument. I just meant that fiscal policy must be noninflationary as well in order to achieve preferable outcomes. Raising interest rates while we have a tax and spend gov't is ridiculous and results in rates having to go too far to achieve preferable results. This always ends in recession and central banks always take the blame. With responsible fiscal policy in

[firstworld]

Global minority collapsing is great for firstworld passport holders with true global mobility and cash. Can already see on the streets of canada how poor everyone is even with all the welfare to nearly everyone. We need 14% interest rate and sooner the better.