Fed issues Asset Value Warning

[macdon02]

There should be a 2 rate policy, 1 for the commodity dependent west and a second for the manufacturing and financial dependent central/ east imo. Simply sharing border to the US doesn't mean conditions are the same throughout Canada. But they're gonna force it anyhow .... history on the Fed recognizes differing economic conditions by area but they figured they could force everyone in the same boat. Hence the different banks under the Fed and how they got their start. History, people ....

[chuckChuck]

Increasing rates when economies are barely growing or stagnant is a recipe for recession.

Low rates cause certain kinds of problems but so do high rates. A balance is required.

[macdon02]

Increasing rates when economies are barely growing or stagnant is a recipe for recession.

Low rates cause certain kinds of problems but so do high rates. A balance is required.

Yeah well pensions are bleeding to death from the last "solution". The alternative is to let socialism die without a fight. We are going to 10%. Think about the repercussions of pensions defaulting ....

[ajl]

Yeah well pensions are bleeding to death from the last "solution". The alternative is to let socialism die without a fight. We are going to 10%. Think about the repercussions of pensions defaulting ....

That is the conundrum. Rates need to go up to reestablish real economic growth and right pension plans but the economy has been on life support for so long, if the B of C was abolished as it should be, what is left of the economy in Canuckistan shuts down this afternoon. Screwed either way. It is over. Get ready for depression.