The great debt crash

[furrowtickler]

Masses won't have the money. It's gone . . . .

True a bit , kinda
If you want to run a cat , climb a power pole, renovate or paint a house …… you know . actually work … money is very good and your fine .
It’s those at desk jobs playing at computers that are fuked in today’s situation… just an observation

Yup day traders and people playing with others money that actually do *** all to create actual wealth ….. yup they fuked now
And their day was coming
Someone actually still has to do the actual work …… imagine that

[furrowtickler]

Some will figure it out , most won’t
Trade your computer in for a pair of work boots 🥾….. best advice I’ve got

[TASFarms]

They will not have any credit either. No more borrowing to eat. Why farmland is the worst investment right now. Best investment: 5.25% GIC. gicwealth.ca

I was wondering about farmland investors. They might be looking for the exit to get a higher return

[errolanderson]

Whistling past the graveyard . . . .

Bank of Canada hikes 1/2% to 3.75 percent this morning. Market expecting 3/4% hike. Are central bankers finally smelling-the-coffee?

This may be last hike rate as the economy sputters and stalls out and GDP goes into-a-dive . . . .

[rumrocks]

Whistling past the graveyard . . . .

Bank of Canada hikes 1/2% to 3.75 percent this morning. Market expecting 3/4% hike. Are central bankers finally smelling-the-coffee?

This may be last hike rate as the economy sputters and stalls out and GDP goes into-a-dive . . . .

I agree the BOC was late to the party, then panicked and now there's always the danger they will over shoot.

[errolanderson]

Used vehicle prices starting to come back-to-earth.

Down 4 months in-a-row or nearly 20 percent off from early 2022 highs. Repossessions picking up as interest rates climb. A lot more downside appears possible as credit issues swell.

[errolanderson]

Bank of America reporting a race-of-investors now converting investments to cash.

Where will markets be by Xmas?

[macdon02]

Bank of America reporting a race-of-investors now converting investments to cash.

Where will markets be by Xmas?

Higher, the majority is always wrong. It's a bond market collapse, like the title of thread, NA equities are just fine, there's capital flowing into North America from Europe and Japan, the currency effect is dominant.

[errolanderson]

Used car market appears to be in early stages of some form of collapse. Repos apparently pouring in. This is getting nasty, but for those in the market looking for a vehicle, time is on your side . . . .

[Maver]

Used car market appears to be in early stages of some form of collapse. Repos apparently pouring in. This is getting nasty, but for those in the market looking for a vehicle, time is on your side . . . .

Used car market needs to come down. I bought a new vehicle Friday for less than what 1-2yr old (25-50000km) are advertised for. Same make/model/options. Don't make sense.