BUYER BEWARE: Mark Carney Pitches a Canada “Wealth” Fund - Funded With Government Debt - What Could Possibly Go Wrong? - EnergyNow
BUYER BEWARE: Mark Carney Pitches a Canada “Wealth” Fund - Funded With Government Debt - What Could Possibly Go Wrong? - EnergyNow
Source: EnergyNow
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DW NOTE
Carney wants to borrow money the government doesn't have to create a fund that will invest in assets the private sector has already declined to finance at market rates. This is how you get both a debt crisis and a portfolio of stranded assets — the sovereign wealth model works when you're investing actual surpluses, not leveraging up a G7 balance sheet that's already running structural deficits.