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Is this good? For you guys? I hope so. Canada is now the guiding star.
He has a PhD in Economics and was the head of the Bank of Canada and more recently the head of the Bank of England. So yeah……can’t think of a better resume to navigate us through a trade war.
Worth noting he was head of Bank of Canada during the 08 crash and was pretty widely lauded for navigating it so well. So he's proven himself in a crisis.
Would I prefer someone further left? Of course, but as long as we live in a market economy we may as well have someone knowledgeable about it and who has at least expressed a desire to make it more fair.
Bank director as prime minister...
This will be bad in the long run.
No, he pushed mass immigration, in order to derive what he calls economic growth as we trade homes back and forth for ever larger sums, as zoning and developer fees prevent new development.
Housing and rents doubled in 10 years as we did 4% population growth and bought 50% of mortgage bonds, all as he was a Liberal advisor. He's a champaign socialist like our NDP, and we have no real worker parties left.
If your rents doubled while your population increase was only 4%, it sounds like immigration wasn't the issue, now was it?
Blaming poor people for the housing bubble is like blaming a fish for the rain. Look up.
Oh. I'm sorry. I guess then pay attention as to how trump's story goes. I don't know now how it's going to go. I hope to be dead by then.
Id guess it knocks over Canada's housing bubble they built, and we have a lost decade like Japan due to trillions in misallocated capital.
Its mainly full recourse loans as well, its incredibly irresponsible to do mass immigration and stoke demand to distort the market. Its almost like they wilfully broke our country to push climate policy, I can't see any other way to explain it.