Carney waves a Jedi hand. "These are not the countries you are looking for."
Carney knows that the world is holding the U.S. economy by the balls through bonds. China owning the vast majority of U.S. debt. Canada owns over 130 billions if I recall. If they start asking for their money, the U.S. economy will collapse.
Right now they're just giving Trump a chance to realize his mistake and roll back on his policies. Hence the "pauses".
It would be extremely foolish to expect that the US will be a reliable partner going forward.
Convincing the US to reverse policies that are harming us makes sense only to give us time to transition our economy to less dependence them. It’s important to underscore this, and not hold out hope that somehow a return to the old ways is possible.
Of course. This totally changed the dynamics of world economies. It was a wake up call.
If the war in Russia ends oil floods the market, we have deflation, and the bonds will be bought in order to ride the yield curve. Which is something to consider assuming he gets it done.
Trump needs to put a cork in it while the adults speak!
Carney waves a Jedi hand. "These are not the countries you are looking for."