Richard Haas
@richardahaas
Trying to Make Better Mistakes 💡Macro Nerd 📈 Capital Asset Entrepreneur 🏛️ 2x Founder Exits ⚡️MBA⚡️Bitcoin ₿ ⚡️The Crowd is Often Wrong
ID: 1177301122056278016
26-09-2019 19:17:33
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🇨🇦 Savage move by the Bank of Canada here. Nice catch by Stephen Punwasi 🏚️📉🐈☃️
🇨🇦 Eve of BoC September meeting and CORRA futures capitulating to my view from 6 weeks ago. I think we can find 97.83 by November. Mark Carney has deficit spending to fund.
🇨🇦 Canadians… don’t entertain this Coinbase 🛡️ offering as a chequing alternative. USDC is down 4.3% vs CAD YTD, and going lower. You earn zero real yield and add FX risk. This a total grift concealed as a gift. When FX trends flip, yield will disappear.
🇨🇦 Most dovish statement from Bank of Canada presser: 🔴"We will be LESS forward looking than normal" means... ↗️"We will cut and cut while ignoring the future impact to inflation to meet Mark Carney fiscal spending we know is coming November 4th."