I love this, seriously, I mean it seems like the big CP is a tightrope walker very, very high up,
balancing growth, social stability, national security against inflation/deflation, economic disaster and political exodus on it’s pole.
For now we’ve done well balancing the weights equal on each sights, so that the last couple of months of credit tightening has worked to cool the market, yet, we miss the balls to actually see it through, and kill the credit that has allowed speculation, and inter lending, car and art leverage to spur up.
I sort of saw it coming a month ago and just like they rescue us again here, they will tighten credit again, to add more weight and keep the balance on the pole, until one day, the pole breaks, and we walked up this rope high enough to see us in a seemingly never ending fall.
The New York times article for you