YO-YO MACRO ECONOMICS

The international stampede to “add liquidity to the economy”,or in plain English, throw good money after bad,is more than troubling. I don’t purport to be an expert on finance or economics, but I do remember the continuing Liberal deficits during the Trudeau area's (and again during the Mulroney years)and concomitant inflation and ultimate high interest rate cure.I thought that yoyo macro-economics were a thing of the past –guess I was wrong. I predict that in two or three years’ time, we will see inflation roaring back with a vengeance.