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With Trudeau's Liberals in trouble, is Mark Carney the answer?
(www.ctvnews.ca)
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this post was submitted on 29 Jul 2024
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Given the shitty job they've done softening inflation and easing the market why would anyone from BoC ever be the answer to anything?
People trust him. I mean he took us through the great recession pretty well, and he's honest as hell.
Is another bureaucrat a good fit? Maybe not. But as it stands if Trudeau doesn't step aside we will have PP and the Cons ... and that would be hell on earth.
The problem with identity politics is that as soon as your identity is tarnished, you’ve lost.
The market looks pretty intact to me.
When you say "the market" are you talking about the stock market or the labor market?
Both. Unemployment is a rising a bit, but it's still well under control - actually lower than it has been for most of the past decade. The stock market, and all the other markets that determine if we have nice stuff are just peachy.
I can't say for certain how good of a job the central bank did, since it's one of those fields you don't notice until it breaks, but they definitely didn't fail, despite everyone's expectations after the pandemic. A soft landing was considered a bit of a longshot and that's what we had.