Sector expert Michael Ballanger considers what the post-pandemic world could look like in the aftermath of central bank actions.
by Michael Ballanger
As I sit here on the shores of lovely Lake Scugog, its weed-infested waters lying in wait for countless unsuspecting propellers soon to be ensnared, I am reminded of the failed world of central banking and policy initiatives, which too has become ensnared in flora of its own making—a floating algae bloom of debt, deception and intervention.
Following this metaphor apropos, there is nary a dock with twenty miles of Port Perry that is navigable without encountering an impassable wall of goose droppings. Being Canada’s favorite bird, these creatures are the height of ornithological fecal incontinence. Sadly, as a “protected species,” citizens are prohibited from causing them not only any harm, but also inconvenience (as in shooing them off your property), resulting in spoiled lawns and malodorous decks and gazebos. When I see a flock of these flying manure sacks about to land on the lake, I am once again reminded of politics, where unelected officials are paid to engineer policies of unknown outcome and uncertain consequence, but where the result will be despoiled surroundings, economic disaster and odors of the foulest origin.