Thursday, June 19, 2014

YOU CAN FOOL THE VOTERS BUT YOU CAN'T FOOL YOUR CREDITORS...

...at least not the voluntary ones:
Ontario’s borrowing costs spiked the morning after the election (the highest daily jump in six months) and financial analysts warned that further credit downgrades are probable. So much for the post-election celebration. This swift reaction from markets is a wake-up call for Wynne’s government.

2 comments:

  1. Liberals caught between a rock and a hard place.
    Don't ya just love "schadenfreude" days after the election?

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  2. It is not any kind of a "wake-up" call for Wynne's Government. The voters just gave the Liberals carte blanche to borrow more, even at the cost of terribly increased interest rates.

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