OTTAWA, Oct 19 (Reuters)- The Bank of Canada cut its growth forecast on Wednesday and said it actively discussed adding more monetary stimulus to
speed up the nation's economic
recovery, surprising financial markets by shifting tone dramatically after its initial
rate decision.
However, the Fed, in its wisdom and at the behest of intelligent idiots such as Paul Krugman and Paul McCulley, kept interest
rates at artificially low levels for years and aggressively ramped
up the money supply with the aim of
speeding the
recovery process.