Interest Rate Hovers July 2009
Remember when interest rates were set to 0.25% and we thought it was a temporary thing? Yeh, good times.
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Interest rates set by the bank of Canada
Random Thoughts: When Celebrities Go…
Celebrity deaths of Ed McMahon, Farrah Fawcett and Michael Jackson cause us to rethink the impact of celebs on the economy. Michael James points out the Grocery Bag Lessons in Economic Incentives, so what does the summer hold for the Michael Jackson recovery?
Consumer Price Index for May 2009: Nudges Up
Stats Canada published their May 2009 numbers and they were up but only 0.1% over the previous twelve months, which is good to see (for those of us who worry about inflation). Â This means that… Read More »Consumer Price Index for May 2009: Nudges Up
Enough Stimulation Big Boy
The economic stimulation that cheap interest rates have set up, has now trapped governments into keeping rates low for fear of causing cataclismic failures. This has been going on since 2009?
0.25 % Interest Rates, Holy Cow!!!!
In April 2009, the Bank of Canada shocked the financial world by lowering its key overnight rate to just 0.25%, marking the brink of “free money” territory. This post captures the economic anxiety of the time: a collapsing economy, deflation fears, and uncertainty around whether the big banks would pass the savings on to consumers. Through a personal and humorous lens, it examines how rapidly shifting interest rates reshape our expectations about inflation, savings,
