Courtesy Of National Post
A couple of days ago, new and SANEÂ Bank of Canada Governor Stephen Poloz said:
bank economists have been struggling to adapt to a “new reality†since the crisis, making it much tougher to predict where the economy is headed. He acknowledged that the economy has “fallen short of our expectations.† Globe & Mail
In other words, Mark Carney’s delusions that Canada was somehow booming and on the verge of needing interest rate hikes were WRONG. Â Hell, I could have told you that …. Actually, I did, on several occasions. Â My 3 famous “Mark Carney Is A Moron” posts
Thank god this idiot was shipped off to England. Â The guy could have single-handedly driven Canada into a major recession at a time when every country on the planet was easing to keep its citizens afloat.
What this idiot “saw” from his Ivey League perch I can’t imagine (Price of Grey Poupon Increased?) but it definitely didn’t come from being in touch with the street.
Personally, I think he was in cahoots with the banks and trying to get Canadians to lock in to those long, juicy profitable 5-year terms … but that’s just me.
Either way, the moron is no longer here and someone with some sanity is at the wheel.