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Cake day: June 8th, 2025

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  • teppa@piefed.catoCanada@lemmy.caCarney to defund Canada
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    2 hours ago

    The government took on debt the same as households, using low interest rates to lever themselves up. Now that rates are rising due to aging demographics and a rising proportion of dissavers so we are being forced to look at our debt burden, as we roll over debt at higher rates, and people renew their mortgages at higher rates.

    This is why what Trudeau Sr did was stupid, and why what Trudeau Jr did was stupid, all that spending is future austerity. The only way its not is if you debase the currency further using QE, and you shift those bonds to the FX market via a depreciated currency, which ends up in even higher interest rates.












  • teppa@piefed.catoCanada@lemmy.caTwo Party System
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    2 days ago

    Maybe the NDP should stop being so foolish then. The party literally does nothing for the poor, we have a world class housing bubble and its Pierre thats beat the drum for years, then people wonder why the NDP is irrelevant as they continue to support mass immigration into a housing shortage.