Oct 10th 2013, 21:03:29
We in Canada appologize in advance for the bad financial advice you are about to receive from Mark Carney. But at least you'll be able to get lots of credit.
Step 1: lower interest rates = cheap available credit
Step 2: construction industry takes off due to increased demand subsidized by cheap credit
Step 3: increasingly large amount of consumer debt
Step 4: ???
Step 5: profits
It's magic.
Just ask our American friends, or us Canadians in a couple of years. On the other hand you might be able to exploit it and make off like a bandit before the end of step 3.
++martian
KING OF THE TROLLS
Step 1: lower interest rates = cheap available credit
Step 2: construction industry takes off due to increased demand subsidized by cheap credit
Step 3: increasingly large amount of consumer debt
Step 4: ???
Step 5: profits
It's magic.
Just ask our American friends, or us Canadians in a couple of years. On the other hand you might be able to exploit it and make off like a bandit before the end of step 3.
++martian
KING OF THE TROLLS
you are all special in the eyes of fluff
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RUN IT IS A KILLER BUNNY!!!
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(_(' )(' )
RUN IT IS A KILLER BUNNY!!!