Steve Poloz Says World Financial Market Addicted To Spoon-Fed Guidance

[Economy 52,851]

http://m.theglobeandmail.com/report-on-business/economy/bank-of-canada-to-abandon-general-rate-guidance-poloz-says/article21049596/?service=mobile

The ChairMan of the Central Bank of Canada claims the Worlds Central Bankers are damaging the natural flow of things by guiding the investors too much

Americas Central Bank, Japans Central Bank, Europes Central Bank etc always signal what they intend to do with rates

Stephen Poloz says Canada will no longer guide investors and tell them of their intentions on rates because its the investors job to assess the risks to the economy and make decisions and predictions themselves and where rates will go and what investments will be affected

The Central Banks spoon feeding investors has created this culture where investors are glued to what Central Bankers say and it isnt healthy and creates bubbles as many investors go after what Central Bankers think they know

[Jonna Lee 384]

I read this as Mariah Carey at first

[GagaXCollection 7,723]

I read this as Mariah Carey at first

[Economy 52,851]

I read this as Mariah Carey at first

hes in charge of the Central Bank of England now

Stephen Poloz is our new chairman.... I was distracted when i wrote that :sweat:

[EXCXSXE 0]

This makes a lot of sense! I was just thinking about this the other day. Hopefully others will follow suit.