BNN Bloomberg's Kumutha Ramanathan discusses a new study showing that rapid interest rate hikes will likely cause a recession.
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In the early 80s the inflation rate was even higher and mortgage rates for a one year mortgage was 18.25% and over 20% for a 5 year mortgage. Many lost their homes jobs and businesses.
And go figure there was a Trudeau in PM’s office then too🤪🤔
@Sherlock Holmes In the early 80s it was a world problem as it is now and no leader of any country could control that. Covid 19 and war in Ukraine was a perfect storm for what we have.
Welcome to the reservation everyone!
Trudepression
Justinflation
This is a world wide problem that no one leader caused, Covid 19 and the war in Russia was a perfect storm for what we have. It was the same in the early 80s it was world wide. No political party could have stopped this although I know it’s very easy to put the blame on the Party in Power.
That’s what happens when BOC keeps interest rates artificially low far too long! Too much easy money, and no real growth.
Ya for like 20 years!
The early 1980s called. It said to get ready for 20% mortgage interest rates.
But blackface said the economy was booming!
For him
Who is blackface?
@Sara Lee Trudeau
@ARK CON thanks that’s what I thought.
and its all intentional
It’s pUtInS fault
Poutines*
He’s part of the problem, yes…but many other policy decisions at home lit the fuse.
Must be from the corporate greed.
” Biggest issue no-one is talking about” from P.P in 2021, on YouTube….
He sounded alarm…
Recession. More like a depression
lost decade
You don’t say?!?!
What is that CITI in the title?
The B word of course Brandon
We’ll be alright.
Don’t be afraid to do your job.the powers are restricting your ability to make free choice.
Printing money creates inflation
Depression is coming and will be like 1921 to 1941. Will be much worse than that withTrudeau at the helm.
Thank Turdeau for printing money
IF YOU CANADIANS ALOWE THIS VS FIRING TRUDEUA AND HIS LIBERALS, THAN LOOK AT YOURSLEVES, REFERENDUM IS NEEDED IN CANADA ASAP TO CHANGE THE WHOLE POLITICAL GOVERNMENT ALL ACROSS THIS COUNTRY PERIOD, BUT NO CANADIANS WAY TO ONAIVE TO MOVE FINGERS BRAVO BRAVO