Quote:
Originally Posted by Zarley
Unfortunately it took an inflation crises driven by bad central bank behaviour to get us to this point, but ultimately it's a good thing if rates stabilize at 2.5%-3% to wean our economy off of cheap debt. It's going to mean a world of hurt for housing in Vancouver and the GTA though.
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It is weird, Switzerland pumped a bunch of money into their economy during Covid and they do not have a large inflation increase. Same with Japan. It is almost as if there are factors beyond that that play into inflation.