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Originally Posted by shotinthebacklund
We used Quantitative easing right, while also driving the debt servicing fees thru the roof that are going to cost billions to service.
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And now they're tightening (significantly so) which is driving down inflation. Higher interest rates pull money out of the economy which is the opposite of an inflationary pressure.
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Also, I believe the m2 for Canada has been abysmal and using the excuse, Well everyone is doing it does not hold water with me. I believe it was the highest since 1968 in 2022. We are robbing paul to pay paul.
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I'm not really sure what that means. M2 is an aggregate measure and it gets higher basically every single year as the economy grows.
In terms of growth in M2, 2022 was the 4th slowest in the last 50 years.