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Countries like Switzeland, Denmark and now Japan are having NEGATIVE interest rates. Will Canada be the next one.
Economy is not good for most countries, with possible exception of USA.
With it, central bank penalized savers. It will cost you money to park your spare cash. May be better off to put them under your mattress. But it is hard for millions of dollars to hide that way.
So you have money , you will have to pay to STORE the money. Just like Public Storage for your items.
SPEND SPEND SPEND and that is what government wants you to do.
But why are they not build more SUBWAYS, Elevated second highway on top of current one, LIKE DVP double decker. Asia is doing it all over, what is wrong with you North America. No money you say, borrow at low rate and get toll when people driving on it. Eg. 3 lanes going only ONEWAY depends on traffice flow. AM rush hour all the way from 401 to Bloor express will be tolled and going SOUTH, say toll of 3 bucks, PM rush hour will be reversed from Bloor to 401 express going North. Money is to be spend or you pay interest to store it. Make sense, spend it for INVESTMENT, not CONSUMPTION. |
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