An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
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Thursday, July 6, 2017
Brian Romanchuk — Bank Of Canada Hawkishness Ramping Up
Developed central bank hawkishness has been increasing over the past weeks, signalling a new consensus (or groupthink) among global policymakers. Such a shift should not be too surprising, given the biases of central bankers. In particular, the shift by the Bank of Canada is a reversion to historical form; whether or not it will be disastrous remains to be seen.
Still waiting for the Canada "banking crisis!" to happen...
ReplyDeleteMatt,
ReplyDeleteNobody's defaulting yet, hence no crisis. As long as Canada never has a recession again, everything is perfectly fine.