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The speaker is concerned about the bank's contribution to another economic bubble and wonders when financial stability risks will become more concerning. They believe that the recent strong rebound in housing activity is driven by pent-up demand and not sustainable going forward. The new governor of the Bank of Canada, Tiff Macklin, took over during a difficult time in June 2020, with the world economy struggling due to the pandemic. Despite the challenging circumstances, the speaker criticizes Macklin for his handling of the situation, saying that he played it poorly.