The Bank of England, Australia and several other countries have left their interest rates at record lows yet Canada, in it’s infinite wisdom, has given us 3 blessed interest rates, at odds with the rest of the world.
Now the feds are scratching their heads when house sales are down 50%and Canadian building permits have dropped 9.2% in August.
Where is the inflation the Fed’s where worried about? How about an admission of a bad call, and a reversal to re-stimulate things?
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