One Euro = One USD

[fjlip]

Completely agree and still think they may have to go at least one more percent yet. Rates should never of been allowed to get that low in the first place. Biggest reason for the skyrocketing housing and land prices seen in Canada was 2% mortgages, had we had 6% mortgages we would never of seen this happen.

So…why were rates so low so long?
A fake pandemic and house sales went bananas! Why?

[errolanderson]

So…why were rates so low so long?
A fake pandemic and house sales went bananas! Why?

The piper needs to be paid (economics always rules) . . . . Central banks panicked cutting rates to disguise the imploding debt crisis. This was a can-kicking-bonanza, especially 2020 onward. Now the situation is worse, much, much worse . . . .

[TOM4CWB]

The piper needs to be paid (economics always rules) . . . . Central banks panicked cutting rates to disguise the imploding debt crisis. This was a can-kicking-bonanza, especially 2020 onward. Now the situation is worse, much, much worse . . . .

The 'New Green Deal' multi-trillion $ 'adventure' that the western countries have prematurely kicked into high gear... is exponentially adding to the pandemic economic confusion . Then Putin piled on... knowing he can get away with murder.. this side of accountable life beyond our true destiny.

This has all been foretold thousands of years ago... truly amazing watching the great final act take shape!!!

Blessings and Salutations!

[FarmJunkie]

The piper needs to be paid (economics always rules) . . . . Central banks panicked cutting rates to disguise the imploding debt crisis. This was a can-kicking-bonanza, especially 2020 onward. Now the situation is worse, much, much worse . . . .

This problem started in 2008 Errol. They could have fixed a lot of things back then instead of bailing companies out. But the baby boomers needed to have their assets appreciate one more time. Now we are ****arooed. There shud always be some hurt along the way to make u appreciate your progress. This time its gonna kill alot of good businesses and people along the way because the right decisions weren’t made prior to this fiasco.

[sumdumguy]

Classic Macro Economics will rule : The ball got rolling real fast with the low interest rates and money-printing following 2008. Politics over-ruled the “invisible hand” and caused these over-blown prices. If the marketplace had been left to deal with 2008 untethered, there would have been some casualties but GM, the banks and the Eastern unsustainable manufacturing industries were at-risk an no-way could they be allowed to fail. Now the politicians can’t put a lid on inflation - and they’re surprised. In Macro, we were taught that there are two ways to control inflation: interest rates and taxes (maybe war taxes). Which hammer will they use or do they have something else up their sleeve?? Macro profs must be having so much fun with this conundrum. IMHO - Interest rates would have to go a whole lot higher to maintain 2% inflation and I don’t think the marketplace can stomach the pain so we can only hope it doesn’t get too crazy.

[furrowtickler]

Regarding the Euro , it’s fubard because of energy policy period…….. they have none and the green dream has failed .
North America should have zero to do with any European climate / energy / food policy or UN 2030 plan ……. Ever
Canada , U.S. and Mexico can be energy and food self sufficient and should have absolute separate policy in all regards .
Trudeau and Biden are dragging all of us into a climate and financial pit of financial ruin for no reason .
Europe is fubard , leading North America down hard and our clueless leadership is too dumb to see it .