As Canadians are becoming all too aware, the spectre of a recession, no matter the definition, looms large during an election campaign. Despite such prominence, the recent debate made it abundantly clear that none of the candidates understand why the economy stopped growing in the first half of the year and they have even less [...]
No matter how hard the Fed pushes, the US economy isn’t going to respond to yet another round of quantitative easing. What ails the US economy is not the cost of credit. From car loans to mortgages, borrowing money has never been cheaper. The Fed’s aim to stir the economy by printing more money is [...]