The Wealth Effect Created One Third Of Inflation
The Loonie Hour
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The Wealth Effect in the US Housing Market
It's very difficult to use some analysis on the US housing and directly transpose it onto the Canadian housing market so we seem to be very careful about that but I think broad strokes are really good one. Clearly there was an enormous impact on inflation from the wealth effect now what the numbers are in Canada and what have you is a different conversation for a different day.
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