Hugh Ferguson on Nostr: npub1mmfwx…4eknq and this is why raising interest rates won't cool housing market. ...

npub1mmfwxp0jkw6un7hf75k0p8kpemm4smau2c4m8ea2w7r7v52lhjusx4eknq (npub1mmf…eknq) and this is why raising interest rates won't cool housing market. These companies have buckets of cash. But BoC had to raise rates to defend currency from devaluation vis a vis US $. US Fed is privately owned, and not controlled by US govt.