Quote:
Originally Posted by Monahammer
If a private sector CEO made the forward looking statements that Tiff Macklem did about stock performance, and said that a corporation would maintain conditions to ensure that performance, then didn't, they would be #### canned at the very least.
I also think Tiff Macklem is an incredibly irresponsible and frankly idiotic central bank leader. I am not sure he's criminal, but there is no conceivable way at all that this person should retain their job.
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Interesting, but what do you think should've been done differently? I think that BoC has actually handled things very well. It's not exactly an easy balancing act to say "here we have two overheated real estate markets, and a gulf in between where the real estate market was crushed for 6-7 years, so we'll address this through monetary policy".
During Covid, they cut rates and tried to do what they could to make sure that the economy didn't entirely crater. Being that we'd never done anything like that in modern history (effectively putting the economy into a coma), I'm not sure where the clearly made mistakes?
And coming out of Covid, they've navigated some fairly difficult challenges. Inflation looks like it's peaked and is easing, the unemployment rate isn't catastrophic and they could actually pull of the "soft landing" that everyone thought was impossible 3/4 months back.
From where I'm sitting that looks pretty solid, if not downright impressive under the circumstances. Quite curious to hear why they're so dumb though.