Quote:
Originally Posted by Paulie Walnuts
The other thing is they do have inflation under control, you can't keep the rates this high for much longer.
Just because inflation is under control does not mean the goods and services are going down in price, it just means they are not going up. Things are still expensive and you tack on interest rates high as they are that a lot of people have not gone through life is difficult.
The poor banks had to put away some extra money for loan defaults, so that should tell you enough of what is going on. The poor CEO's of the big 5 will likely have to skip a few meals now.
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Oh ya, the world’s smartest people are gonna lose on any decision the BOC makes. God I wish I lived in the fantasyland most people believe they are in.