A Loon with Muscles
A rising loonie sounds great (in 2009) until exports and jobs feel the squeeze. Here’s how Canadian dollar strength hits your wallet (and snow tires).
A rising loonie sounds great (in 2009) until exports and jobs feel the squeeze. Here’s how Canadian dollar strength hits your wallet (and snow tires).
This was posted before the penny was taken out of circulation. Sometimes I miss the penny, but my trouser pockets don’t. OK the film from the NFB is actually HOW they make pennies, but as… Read More »Why do they make pennies
TGIF for the first time in a while? Check out this blog post for an interesting mix of financial DIY, inflation, alcohol and the Bank of Canada. Random.
In the summer of 2009 we hoped that the recession was finally over, but it really wasn’t quite done tormenting us.
In this sharp-tongued commentary, the question is posed: how much economic stimulation is too much? With bailout packages, infrastructure spending, and central bank liquidity injections flowing freely in 2009, this post questions whether stimulus has become a substitute for structural reform. Mixing wit and wariness, it explores the unintended consequences of “stimulation”—debt, inflation, and moral hazard—and challenges the reader to ask whether all this economic energy is really fixing the problem or just postponing it.
Keywords: stimulation, economic stimulus, government spending, 2009 recession, bailouts, economic recovery, financial crisis response, inflation risk