I saw a comment by former Bank of Canada Governor Stephen Poloz that suggested that only population growth is keeping Canada from slipping into an “official” recession.
"Something else needs to happen..." No kidding. They'd have to turn off the automatic stabilizers. That is, go full austerity mode. Basically, Accelerationist.
You know, these days, part of me (the masochistic streak) hopes they will. The slower pain of mass impoverishment without total economic collapse due to prevailing neoliberalism propping up the rentier economy is just too cruel. All bond traders are part of that cruelty btw.
"Something else needs to happen..." No kidding. They'd have to turn off the automatic stabilizers. That is, go full austerity mode. Basically, Accelerationist.
You know, these days, part of me (the masochistic streak) hopes they will. The slower pain of mass impoverishment without total economic collapse due to prevailing neoliberalism propping up the rentier economy is just too cruel. All bond traders are part of that cruelty btw.