Comments on: Everyone Expects Rates To Be Cut, So They’re Climbing Even Higher

By: J

Tue, 04 Jul 2023 15:24:22 +0000

In reply to Oldguy. Mortgage balances have quadrupled. A normal 7% is enough to crash this house of cards. Immigration +++ in an attempt to slow the crash down and dupe new comers out of their life savings. Shame on Canada.

By: Alex

Alex — Wed, 28 Jun 2023 19:47:33 +0000

In reply to Joe M. It's always the opposite. The people get kicked out and the banks have their books recapitalized.

By: Sergey

Sergey — Sun, 25 Jun 2023 11:20:07 +0000

When you see guy pissing on house fire trying to put it down, you definitely start doubting sincerety of his efforts. With what is going on they should have start adding 1% each time and completely make it impossible to use housing as investment vehicle. Those owing more than one property must be forced to sell. Housing is basic human need. No play ground for parasites who do nothing but use other people money and efforts to create cash flow for themselves making majority unable to afford decent housing.

By: Quix

Quix — Sat, 24 Jun 2023 12:18:11 +0000

In reply to Bob Vila. If that happens, the Liberals are out of office hard. The vast majority of the working population can't afford to buy housing because of all the governmental meddling. We're already at the point where retaining workers is becoming hard.

By: Fraser

Fraser — Sat, 24 Jun 2023 10:06:04 +0000

In reply to Frank. bang on

By: Bob Vila

Bob Vila — Fri, 23 Jun 2023 22:17:32 +0000

Please do not forget that inflation greatly benefits nations with high national debt like Japan and the USA. It is possible to inflate away the national debt value. The debt remains a stable number while that same amount of dollars is worth much less and thus easier to repay relative to other things. This is why Bank of Japan is still actively pursuing inflation with ZIRP. It has not had its turn yet at devaluing its massive debt.

So getting inflation down rather slowly is a benefit to the USA and will be a benefit to Japan. It is not a benefit to the citizens living in those countries who are poor. Their quality of life will worsen inevitably.

By: P

Fri, 23 Jun 2023 22:01:42 +0000

In reply to Frank. Yup. You came here to talk about rates and inflation alright.

By: Jim FitzGerald

Jim FitzGerald — Fri, 23 Jun 2023 21:53:56 +0000

In reply to Frank. Couldn’t agree more! The biggest employer in this country is our government that keeps handing out raises and incentives. We are doomed!!

By: Oldguy

Oldguy — Fri, 23 Jun 2023 20:26:41 +0000

Why are my comments always erased?

By: Joe M

Joe M — Fri, 23 Jun 2023 19:37:46 +0000

In reply to Ray. Nah the bailout is just gonna be letting people stay where they are while the government forces banks to further subsidize/concede to the bad loans.