Quote:
Originally Posted by Kavvy
Lorenavedon, I have posted two responses to two of your comments in the last week, would you mind responding to them? I am interested in your thoughts.
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so one talks about no more ammo. Canada has plenty of ammo left. We can still lower rates by 75 basis points and go into negative rates like some places in Europe now. We can also implement our on QE and print money. We can flood banks with money if people start to default and enact special legislation to avoid mass foreclosures. We can inflate our dollar to eliminate debt which will keep our house prices to where they are now but destroy savings and skyrocket the prices of necessary goods like food and energy. We can keep inflating the stock market which will give the middle class the sense of wealth so even if they lost their jobs they can start tapping into RRSPs, TFSAs and other investments.
Lots of stuff left to do before we're truly done. It's all messed up and wouldn't work unless the rest of the world's central banks were doing the same thing, which they are.