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Interest rate hike tomorrow.

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    Interest rate hike tomorrow.

    Most betters are calling for 50 basis points tomorrow. I think they will chicken out and hike 0.25 and that is the last hike before the fake canuckistanian economy folds like a cheap tent. Maybe then pickup truck sellers will have to deal under MSRP again.

    #2
    Originally posted by ajl View Post
    Most betters are calling for 50 basis points tomorrow. I think they will chicken out and hike 0.25 and that is the last hike before the fake canuckistanian economy folds like a cheap tent. Maybe then pickup truck sellers will have to deal under MSRP again.

    https://www.zerohedge.com/markets/carmax-confirms-demand-destruction-used-car-prices-tumble

    Sorry..in bed..on phone

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      #3
      The people that took all that cerb money and used it for home downpayments better have locked in the rates.

      Comment


        #4
        Can’t happen too soon, hope the feds man up and raise it up a half point. With chicken little I doubt we see that half point.

        Comment


          #5
          Well they went the full 50. I guess the turd hole has figured out that you can't hire goons and mercenaries (a la trucker's convoy emergency measures) with a worthless currency so they will have to try to pursue inflation for a bit with rate hikes. Best GIC rates are in the 3.7% range which will likely beat both the stock market and real estate in 22 now.
          Last edited by ajl; Apr 13, 2022, 08:16.

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            #6
            Were at 1% as skippy tries to beat his father's record. Go skippy go. You
            ****ing fool.

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              #7
              Anybody want to take a guess on how far it will go now that the ball is rollin! The 80's still haunt me

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