That’s probably the real problem behind the #HousingCrisis , eh : employees are WAY too rich, am I right? Everybody’s complaining about that middle class just growing out of control, right?
It also says that competition enhances productivity: tell that to #boeing.
Seriously, I don’t think they know wtf they are talking about. Either that, or I am experiencing a parallel reality to theirs.
@raymondpert Yeah, because raising the rate of interest working people and small businesses pay on mortgages and loans will force the gasoline companies who don't have loans but cash coming out of their orifices to lower the price of gasoline. Once again, this would be the Bank of Canada blaming and punishing the victims of inflationary prices, not the perpetrators. #cdnpoli#Canada#interestrates#BankofCanada
> By June 2022, inflation was up to 8.1 percent. After raising the interest rate by half a percent that month, the bank raised it again, in July, this time by a full percentage point, to 2.5 percent. Meanwhile, #inflation lingered in the range of about 6 to more than 7 percent for many months, through the end of 2022, and finally started to drop only in early 2023 https://thewalrus.ca/bank-of-canada-interest-rate/ #Canada#cdnpoli#canpoli#economy#BankOfCanada