Sask Gov's request to up CCGA advance

[macdon02]

Macdon, can you define what you think of as long term vs short term? As in, long enough to store our way out of it, or long enough to get out while the getting is good?

Short term, 3 years ~ longer would be outside that. Every oil exporting country will go to max pumping ability in an effort to bankroll the social programs. It'll just depend when complete loss of confidence in govt hits these countries. There's a massive amount of $ in the bond market and when it flees it'll be inflationary. There's already talk of more QE and unthrottled printing.