Quote:
Originally Posted by 68style
I hate Freeland... but would you say the same thing if a diff finance minister was taking credit for lowered interest rates? Pretty sure you were posting about wanting a drop a few months back and/or expressing disappointment at the lack of drops.
I mean, what's anyone in that position supposed to do? Ignore that it went down? Of course they're going to promote it as a good thing. Kinda stupid to do or suggest otherwise isn't it?
Finance minister isn't going to say "FUCK YOU BANK OF CANADA, INTEREST IS CHEAPER BUT WHAT ABOUT THE DEBT?"
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Bra… you don’t remember the constant conversation we had that the BoC interest rate isn’t affected by govt. intervention?
When you read into this rate cut the primary driver is unemployment.
You can’t be resolved of responsibility when it’s shit, then take credit for it when it goes down if, in actuality, govt. doesn’t effect the BoC decision.
She didn’t even keep her promise of managing debt, they are ramping it up as an illusion to garner favour which will almost certainly bite us in the ass later on.
Between these cuts (which everyone said isn’t based on the govt.) and the Trump effect on the stock market, there is no fucking chance anything Turd will do to EVER touch the gains made for anyone invested in US equities lol his entire tenure as PM is a net loss to me compared to the gains US equities have made me.
Also feel like patting myself on the back as I pumped all my expendable income into investments VS paying down my mortgage over these last few years as I anticipated everything would turn to shit here and ultimately the BoC would be forced to lower rates, which worked out almost exactly as I had planned