Re: Canada tightens mortgage rules to stop housing bubbleFeb 19th, 2010
Maybe, back about 1981 when mortgage rates were at 21%, savings accounts were paying about 17% and we didn't go into any deep depression, But I still think the whole situation was stupid.
Anyway banks don't really set anything, beyond making the final button pushing moves. People have to start realizing that money is "live" and finds it's own levels.
You might want to download this free ebook to get the real picture on how banks actually operate: www.spiritualeconomicsnow.net...s/How_I_08.pdf (external - login to view)