Quote:
Originally Posted by Firebot
Talking about the inability to forsee bad policies having very negative outcomes.
The 2008 crisis and 2009 recession is far different then what we are facing now. In 2009 governments spent their way out of a crisis. In this case, they have to do the exact opposite.
|
The pundits said the same thing at that point though. There was plenty of talk that they will never be able to get that money out of the system, gold as an inflation hedge was going to $5000, we're going to see hyper-inflation and everything else. Literally none of that came to pass.
I will say that I won't be surprised if we see the central bank(s) raise their inflation target to 3% from 2% though. I think that is coming, that Canada won't be alone in that, and it's going to be interesting in how they start to make that move.