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Showing posts with the label big banks

The government doesn't even agree with itself....

CBC News - Money - Carney: Don't be seduced by low interest rates So six months ago, the government was telling us things like: "We're on the road to recovery." "Consumer confidence is the key to the turnaround." "It's time for business as usual." Basically, the message was to go out there and spend money. Now, backtracking faster than a hunter who came across a grizzly, the government is telling us to stop and think a little bit. (What??? They want us to think for ourselves? So much for the single-brained society I thought they were trying to acheive.) Why is anyone surprised that debt has gone up during this economic downturn? Where do they think people who had been laid off were going to get money from? Not the friendly Canadian government, to be sure. Oh, wait, let's go to our neighbourhood bank, who is more than willing to lend us whatever we need to get back on our feet. Has anyone else noticed the rising price of bi...