Word Games

Not Sure

So says Mark Carney, the Bank of Canada’s main man.

Key Words

Key words are a blogger’s nightmare when trying to optimize your place in Google’s world. Apparently Carney also used key words to optimize the reasons to justify why the Bank of Canada raised its overnight rate by a quarter of percentage point to 1 percent. Consider:

  • ‘considerable’ uncertainty
  • `recent indicators suggest a more a more muted recovery in the near term’
  • ‘weak growth in some advanced economies’
  • ‘slightly softer’
  • ‘slightly more gradual’
  • ‘financial conditions in Canada have tightened modestly but remain exceptionally stimulative’
  • ‘neutral’
and borrowing from the U.S. Federal Reserve chairman Ben Bernanke –
  • ‘unusually uncertain’

SEO

SEO is an abbreviation of another blogger’s nightmare – Search Engine Optimization, a mysterious technical arts formula for ranking high in Google.

It’s only a guess, but has the CEO of the BOC cloned another meaning for Chief Executive Officer? Perhaps all the keywords chosen by Carney to explain the rate hike were a political arts formula aimed at placing Canada on top using – Canada’s Economic Optimization.

Maybe Carney should abandon the technical word games and instead be clear and say “we don’t have a reason but it will cost you more!”

Note: if you want clear talk about a mortgage and want to keep your costs down, then consider either of the two sponsors of this blog – they’re great!

About Larry Yatkowsky

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*Disclaimer: Statistics Courtesy REBGV. While believed to be accurate they are not guaranteed.
**Numbers provided may vary as they are dynamically posted by the REBGV.

Reader Comments:

Jen Says:
September 8th, 2010 at 11:30 am

“Maybe Carney should abandon the technical word games and instead be clear and say “we don’t have a reason but it will cost you more!”

Oh, I think they do have reasons, but I can understand why they may be less than willing to share them. At least now the BOC has room to move if the economy does the old dipsy-doodle and we need to get increasingly “stimulative” (BOC’s words, not mine).

N2V Says:
September 8th, 2010 at 2:46 pm

“Maybe Carney should abandon the technical word games and instead be clear ..”

And this coming from a Realtor!

September 8th, 2010 at 3:24 pm

@N2v
Nice! Another snide remark from the embodiment of perfection.

josh Says:
September 9th, 2010 at 3:32 am

He raised rates to prevent people borrowing too much because of low rates. Just like what happened in the US when they lowered rates in 2001 after the Tech Bubble and people took on too much debt. Canadian households have been taking on massive amounts of debt as of recent, and it’s sending a message out to consumers that rates are raising and to watch your borrowing.

Best place on meth Says:
September 9th, 2010 at 8:09 pm

Carney raised a paltry 1/4 point to a measly 1%. That’s still an extremely low emergency rate and he doesn’t have to justify anything.

He would need to justify not raising as that would suggest we are still in an emergency.

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