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Interest rates

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  • macdon02
    Senior Member
    • Sep 2007
    • 1858

    Interest rates

    Are they finally going to go up? Or stay the course?
  • errolanderson
    Senior Member
    • Jan 2012
    • 3131

    #2
    Trump's policies are viewed inflationary. This has driven the USD to a 9-month high.

    December rate hike by Fed now appears more likely. But stock market correction also appears likely should rates be hiked.

    Pick your poison . . . .

    Comment

    • 15444
      Senior Member
      • Feb 2000
      • 2112

      #3
      They will in the US. Trump will make sure of it.

      Here, they will continue to fall.

      Drama boy has no economic plan beyond "lower rates - crash the dollar - tax and spend"

      I am so disgusted by the Conservative leadership line-up. O'Leary said he is staying out of it until the last minute because he knows they are a bunch of losers and he will win it. I know I am voting for him.

      Comment

      • Ache4Acres
        Senior Member
        • Jun 2015
        • 816

        #4
        Originally posted by 15444 View Post
        They will in the US. Trump will make sure of it.

        Here, they will continue to fall.

        Drama boy has no economic plan beyond "lower rates - crash the dollar - tax and spend"

        I am so disgusted by the Conservative leadership line-up. O'Leary said he is staying out of it until the last minute because he knows they are a bunch of losers and he will win it. I know I am voting for him.

        Just a couple days ago one of my friends said he would vote for olearly too.

        Comment

        • Ache4Acres
          Senior Member
          • Jun 2015
          • 816

          #5
          Is rates going up for sure.trump will make sure of that. Raise rates but cut corporate taxes massively

          Comment

          • biglentil
            Senior Member
            • Jun 2015
            • 3263

            #6

            Comment

            • SASKFARMER3
              Senior Member
              • Feb 2006
              • 14485

              #7
              I have lots of friends who are thinking the same. None of the candidates are worth voting for or will change the parties direction. Oleary would shake things up.

              Comment

              • riders2010
                Senior Member
                • Aug 2010
                • 2205

                #8
                Even a couple point rise in interest rates will break millions of people. Interest rates are revenue for the rich. It's really a scam in the first place.
                Kinda like basis.

                Comment

                • sumdumguy
                  Senior Member
                  • Mar 2007
                  • 11989

                  #9
                  Originally posted by riders2010 View Post
                  Even a couple point rise in interest rates will break millions of people. Interest rates are revenue for the rich. It's really a scam in the first place.
                  Kinda like basis.
                  The distortion caused by too low interest rates is seen everywhere. House prices tripled in ten yeras. Mercedes and Audi sales must have done the same. Have you noticed the size of "starter" homes today? The excesses are being charged to the savers and senior citizens who had the self-discipline to svae for a rainy day. Riders, let me use your money interest-free or your fram rent-free, if you have one.

                  Comment

                  • sk_wheatking
                    Senior Member
                    • Sep 2011
                    • 898

                    #10
                    I totally agree with riders2010. I have been saying it for a long time myself, and I have said it on here before too that if interest rates went up a 1/2 or 3/4 of a percent the bankruptcy would start immediately all over canada. We wouldn't recover for years and years. I don't know what the answer to the problem is but it will have to be a slow uptick in the rates over years to get them back to normal.

                    Comment

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