The great debt crash

[fjlip]

Venezuela here we come...

[jazz]

Cad fell off a cliff. Cpi targets are going to be tough to achieve without even more hikes. Central banksters laughing.
Deflation boogeyman just around the corner as always.

Yeah and I took a lot of sht and abuse from the usual suspects when I called a 6 handle on the loon.

Right again. I predict 62c is in the near future. Right back to when we nearly defaulted in the 90s.

Seriously, let Trudeau win the election. Nobody will want to touch this smoking ruin after.

[errolanderson]

This is a frickin mess . . . .

The U.S. Fed is now totally out-of-control and out-to-lunch. They are chasing the wrong rabbit. Inflation data is lag data and dropping quickly. The problem is the debt crisis, not inflation which the Fed doesn't seem to get the message. Asset prices are going to get crushed by these poor policies.

Bank of Canada has to be sweating it right now. They likely weren't going to hike rates tomorrow, now they may be forced to hike. Gong-show . . . .

[furrowtickler]

North American politics has exaggerated this situation this past few years with both Canada and US in full circus mode completely ignoring economic policy and focusing far too much on woke green policy dribble

[Oliver88]

This is a frickin mess . . . .

The U.S. Fed is now totally out-of-control and out-to-lunch. They are chasing the wrong rabbit. Inflation data is lag data and dropping quickly. The problem is the debt crisis, not inflation which the Fed doesn't seem to get the message. Asset prices are going to get crushed by these poor policies.

Bank of Canada has to be sweating it right now. They likely weren't going to hike rates tomorrow, now they may be forced to hike. Gong-show . . . .

If I understand the US is signalling an increase of another 0.5 points?

If Canada doesn’t our $ falls more?

[jazz]

If I understand the US is signalling an increase of another 0.5 points?

If Canada doesn’t our $ falls more?

Because we are locked in trade with the US we have to keep our loon in range of their currency. It’s great for our commodities going overseas but not for anything else that goes into the US or anything we bring in from there.

It makes investment capital leave for other locations.

And worse of all retard trudeaus policies have decoupled oil from the loon.

Ol Tiff is going to have to choose between the currency or the housing market.

CIBC is out today calling for a loon at 60-62c.

[fjlip]

okay, 0.62 CAD, makes $21 Canola, $11.50 wheat, bring it on.


Oops $820 urea, oops $2/L diesel

[Old Cowzilla]

hummmm march wht 11.18 canola 18.87 today ( if you can even get a buyer )
I got truck parts coming from USA so I guess they won't be any cheaper.

[Rareearth]

Canola exports are roughly 1.5 million tons higher that last year, at this time

Western Canada and the USA mid west are - have a major drought

Argentina worst drought in 60 years

Those might be black swans circling?

[workboots]

Bold call by CIBC, I guess not outside the realm of possibility if we decide to decouple from US interest rate policy.

Please post link