Mortgage payments and debt are rising. Can economic policy save us?

MUST BE SOME IDIOT PUPPET SINGING A TUNE AND JINGLE FOR BANK OF CANADA MORONS et al….

Let’s see, by my calculations, a ‘STRESS TEST’ by ENGINEERING & MATHMATICAL EQUATIONS means….

TO THE BREAKING POINT OF FAILURE if I can paraphrase a TRUE TEST….

2 PERCENTAGE POINTS OFFERS DILLY SQUAT … WITH THE LAST YEAR’S RAPID RATE INCREASES TO FIGHT INFLATION…. AND LOSE YOUR JOBS….

SO THE SUPER CRITICAL QUESTION IS…

HOW MUCH SHOUKD A REAL STRESS TEST FOR INTEREST RATES BE ???

5 %

10 %

15 %

20 %

25 %

We have seen 25 % INTEREST RATES BACK IN THE 1980’s….

I KNOW, BECAUSE STUPID ME BOUGHT A Z28 CAMARO @ 25 PERCENT… NOT KNOWING ANY BETTER IN MY YOUNGER YEARS

So, if the BANK OF CANADA… has a ‘STRESS TEST’ of 2 % …

I BELIEVE THEY ARE OUT TO LUNCH

AND

MERIT A KICK IN THE ASS FOR PULLING THE WOOL OVER CANADIANS…. KNOWING INTEREST WAS EVENTUALLY GOING TO RISE…

THEY EITHER NEED TO PULL THAT STUPID STRESS TEST….

GO BACK TO SCHOOL AND LEARN MATHEMATICS & ENGINEERING EQUATIONS TO COME UP WITH A MORE USEFUL TEST OR VAN IT ALTOGETHER…

IN ANY, FROM MY VANTAGE POINT….

CENTRAL BANKS WERE ASLEEP AT THE SWITCH AND MORONS FOR NOT KEEPING PRICES IN CHECK FROM THE GET GO

BTW – SHORT MEMORIES ON LATE 1970’s & 80’s INFLATION & INTEREST RATES SEEMS LIKE NO ONE CAN FIGURE OUT HOW TO TAME THE SON OF A BITCH…

Live~NRGY