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🤔 My Thoughts Canada just cut interest rates by 25 basis points, becoming the first G7 country to cut interest rates. Who will be next? Probably the ECB, then the U.S. Fed. But inflation isn't tamed. Cutting rates into reinflation will cause...hyperinflation. But the central banks can't do anything. Why? because we're at the end of a massive centrally-planned credit bust. And tey're tryiong to delay the painful effects as long as the can. But rather than rip the band-aid off for a medium amount of pain, they will try to keep it going for longer. And the longer they go, the more pain there will be when the music ends. |
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