UCP's selective socialism is open for business! Will you be partaking?

[suntan]

Oh I know where the rates are. But inflation is persistent and for some reason there's a lot of really optimism about when it will end. Coupled with the spend-happy Liberals I can't see this ending well.

[max_boost]

The money will just go back into the economy. That’s the govt thinking right.

[davidI]

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The money will just go back into the economy. That’s the govt thinking right.

Yea, the US & Chinese economy.

[Buster]

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The money will just go back into the economy. That’s the govt thinking right.

no. the Canadian gov'ts (of all stripes) choose to try to pick winners and losers in the economy so they can get re-elected by strategically doling out cash. They know that in the end this results in overall lower wealth for the country. But theyre incentivized to get re-elected, not raise the tide of the county's wealth base.

Which all points back to the voter choosing this. Conclusion: Canadians are retarded.

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Latest auctions for a 10 year are still at only 2.5% (2 Year at 3.75%). https://www.bankofcanada.ca/markets/...nominal-bonds/ The BoC can't allow rates to go up too much or it will implode the housing bubble. They'd resort to yield control targets before allowing much more than 4-5% for short-term (2-3 year) bonds IMO.

Incompetent fiscal policy has led to incompetent monetary policy which will lead to a Canadian Peso and stubborn inflation. Basically, a lose lose situation.

But most Canadians will be too worried about getting hunting rifles off the street or Wade v. Roe being repealed in Canada [stet] to vote for common sense. To tie it in with this thread, both the UCP and NDP have proven themselves to be excessively incompetent so unless a third party starts running in Alberta our only positive is having a history of fiscal conservatism so the "leadership" can't get as dumb with their spending as they do in other provinces.

Post of the Day candidate.

[suntan]

I'm not sure the BoC has enough money to enact YCC. QE is basically off the table for next few decades.

[Misterman]

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Oh I know where the rates are. But inflation is persistent and for some reason there's a lot of really optimism about when it will end. Coupled with the spend-happy Liberals I can't see this ending well.

And they already said that inflation is the worse of 2 evils. Sure there's going to be some housing corrections, defaults, and bond yield spikes with increasing interest rates, but reversing on rates too soon is going to mean runaway inflation and everything crashing. Hopefully they don't fuck this up worse than they have to.