Quote:
Originally Posted by Yoho
What was said at the time was “The BOC can’t do it” because of debt levels.
That was incorrect.
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Makes sense. I've heard people say that now and say that the federal reserve can't raise rates because of government debt levels and servicing costs. I think that if that's your line of thinking, you had better prepare for disappointment though. Despite some populist thoughts to the contrary, the central banks are not politically operated.