Last updated on November 28, 2017
Most of us understand intuitively that you can’t solve a debt crisis by creating more debt any more than you can cure alcoholism by drinking more alcohol. That’s why the U.S. Fed’s quantitative easing (QE) programs make so many of us nervous, even as QE continues to push stock prices higher and interest rates lower. The more I learn about this subject, the clearer it becomes that we are living on borrowed time (pun fully intended). That is the fundamental challenge that I now grapple with on a weekly basis when writing about the factors around the world that influence Canadian mortgage rates. Of all of these outside forces, there is no doubt that QE is the proverbial elephant in the room. On the one hand, QE (along […]