The Loonie Hour cover image

Canadian Wages are Dropping at an Alarming Pace

The Loonie Hour

CHAPTER

The Negative Effects of Negative Real Interest Rates

CNN's Jim Boulden says we could run into a severe credit crunch in 2023. He argues that it is directly result of sustained negative real interest rates. The US banks are losing deposits, so instead of putting money on deposit at the bank, you're put in a money market fund. That then has resulted anywhere from say 10 to $30 in loans not being available for the economy.

00:00
Transcript
Play full episode

Remember Everything You Learn from Podcasts

Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.
App store bannerPlay store banner