Mike's Daily Comment

What happens next seems to be the big uncertainty – especially with some provinces already backtracking aspects of reopening the economy. It’s already got the Bank of Canada worried.

You’d think they were made this week given how relevant they are – but shocking given many are over 100 years old – written by one of modern history’s greatest social commentators – HL Mencken.

The BC NDP government has won its case to prevent you from seeking private alternatives even when waiting too long for treatment could kill you.

So worried that they are spending $5 billion per week buying government bonds to keep rates down. After $250 billion in fed spending and record low rates we’re only back to 70% of pre pandemic levels of growth.

Is the Economic Downturn An Emergency or Not?
Posted by Michael Campbell
on Wednesday, 16 September 2020 11:06
Judging by our politicians penchant for using the pandemic as an excuse to jump on their familiar policy hobby horses – the answer is “not.” And that will hurt us all.