The Financial Post has an article that lays the blame for the enormous Canadian housing bubble on former Bank of Canada Governor Mark Carney: Carney, perhaps even more than former Fed Chairman Ben Bernanke, was an excellent crisis central banker. Unfortunately, he did not nail the dismount. After it became clear in 2010 that the … Continue reading Blame Mark Carney for Canada’s Housing Bubble?
Mark Carney (why does that name sound familiar?), The Current Head of the Bank of England is speaking out against negative interest rates. While defending ‘monetary stimulus’ he points out that negative interest rates haven’t done much to improve economies and is instead a game of hot potato where everyone loses: So negative interest rates … Continue reading Mark Carney vs. The Race below Zero
It’s that time of the week again, time for our Friday Free-for-all! This is when we round up the weeks news and have our open topic discussion thread for the weekend, here are a few recent links to kick off the chat: –IMF: You need tighter mortgage rules –TD: forcasting for the provinces –Teranet HPI … Continue reading FFFA! Forecasts! Mortgage! Rules! Carney!
Can you believe this? Mark Carney is leaving us for the Bank of England! Carney said he and Flaherty had enjoyed an effective partnership and added he will miss the camaraderie and clear sense of purpose he experienced with the finance minister. He praised the strength of the central bank and reiterated his confidence in … Continue reading Mark Carney, we hardly knew ye’
Mark Carney is making new remarks about some Canadian real estate markets being “probably overvalued“. It was the second time in recent days that Bank of Canada Governor Mark Carney voiced concern about property prices, which surged after the financial crisis as borrowing costs tumbled. “We see that in a number of real estate markets … Continue reading Carney cries wolf again.. will it come?