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Email this6:28 am
March 30, 2017
Online
All they are saying is the same as hedging both sides of the bet.
Only politicians and government agencies can shamelessly say something like that and then claim they are "acting responsibly"
In the real world where performance is measured and rewarded/punished accordingly, one has to take a stance and act, whether it turns out to be right or wrong. When a CEO makes a decision about a billion dollar project, he/she is not going to say to the board "if it works out, we will make $$$, if it does not, we lose the billion". Would you roll your eyes if you are one of the board members ? I would.
7:09 am
November 8, 2018
Offline
Started with "God's willing, budget will balance itself" (I am paraphrasing), now Central Banks seem to believe that if they repeat "inflation is transitory" often enough, like a prayer, the God will listen and it will be.
11:29 am
April 21, 2022
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The US Fed just increased their rate by 0.5%, no surprise really. It will be the BoC turn next on June 1. I don't think it too farfetched to assume another 0.5% increase and more to follow until they achieve the desired effect. Inflation has spun out of control and it's the only tool central bankers have to reel it in.
11:34 am
March 30, 2017
Online
JohnnyCash said
The US Fed just increased their rate by 0.5%, no surprise really. It will be the BoC turn next on June 1. I don't think it too farfetched to assume another 0.5% increase and more to follow until they achieve the desired effect. Inflation has spun out of control and it's the only tool central bankers have to reel it in.
CB have two tools at the moment, which is o/n rate and shrinking the ballooned balance sheet.
With supply constraints plus high oil price, its unprecedented what is needed to cool inflation without killing growth completely. I am not hopeful.
Once o/n rate reaches 3-4%, pretty sure CB will pause and do a wait and see.
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