It’s been almost a decade since the American real estate market collapsed, triggering a world wide recession. Unfortunately, we tend to track the United States — with about a ten year lag. And now, Alan Freeman writes, the Canadian real estate bubble …
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The Progressive Economics Forum: Canada’s new recession and the push for alternatives
The Bank of Canada today cut its benchmark interest rate two weeks ago to nearly record lows, now just 0.5%. In the face of an oil shock and other weakness, monetary policy is expected to do the heavy lifting of beating an economic funk. Today’s move reflects a poverty of
Continue readingPolitical Eh-conomy: The alternative to economic fatalism
The Bank of Canada today cut its benchmark interest rate today to nearly record lows, now just 0.5%. In the face of an oil shock and other weakness, monetary policy is expected to do the heavy lifting of beating an economic funk. Today’s move reflects a poverty of economic policy
Continue readingMichal Rozworski » Political Eh-conomy: Canada’s new recession and the push for alternatives
The Bank of Canada today cut its benchmark interest rate today to nearly record lows, now just 0.5%. In the face of an oil shock and other weakness, monetary policy is expected to do the heavy lifting of beating an economic funk. Today’s move reflects a poverty of economic policy
Continue reading