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Curve Your Enthusiasm
Economic Divergence and Rate Sensitivity
The chapter analyzes the adjustments regarding probabilities and inflation targets, reflecting on the confidence in reaching the 2% mark and implications of rate divergence with the Fed. It explores the financial disparities between Canada and the US post-2008 crisis, focusing on household debt accumulation, rate sensitivity, and potential responses to higher rates. The discussion covers economic divergence, basis point differentials, market uncertainties, and the potential for a steepening cycle in rates, emphasizing the importance of rationale in investment decisions.
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