• @Skyrmir
    link
    41 year ago

    Grantham says if we really are through the worst of the inflation crisis, then maybe the Bank of Canada can start gradually lowering borrowing costs.

    Pretty much no central bank ever lowers rates early enough to prevent a recession. The US has been teasing the tip of one for a year now, with rates going up. By the time they react and lower rates it will be way too late.