Friday, May 21, 2021

Bank of Canada is “worried”

Found this interesting article on CBC while taking a dump. Sounds like Canada is worried about something..

“"a large decline in household income and house prices" caused by an external trigger event. It is hard to be sure what form such a trigger event could take. Macklem referred at one point to a "sharp repricing of risk." Such an event might lead to, say, a sudden rise in global interest rates, a stock market crash or a weakening of global trade. Maybe even the collapse of bitcoin.”

TLDR: MOASS 🚀 -> everything collapse

Source: https://www.cbc.ca/news/business/financial-system-column-don-pittis-1.6033840


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