Temporarily Unexpected

23 Replies to “Temporarily Unexpected”

1. There’s no financial problem that can’t be cured with more yield curve inversion, I guess.

2. Canada’s GDP is between 1.6-1.8Trillion.
   Canada’s Total Debt as announced by Pierre Poilievre in the HOC using Government of Canada Dept. of Finance numbers is 9T.
   That is Bankrupt. Canada’s Fiat Currency purchasing power will decline. Anything imported will get very expensive.
   Welfare Programs will have to be cut.
   This is not repayable debt. That is the debt level’s of most of the EU which has 600 citizens. Canada has 38M citizens and about 18 M taxpayers.

   https://article.wn.com/view-bitchute/2022/01/10/Pierre_Poilievre_announces_9_trillion_in_Canadian_debt_all_t/

3. The poor Swamp needs financial help.
   Again.
   They got us for trillions of $ in 2008 and are back already.
   You know the drill.
   Turn everybody upside down and shake.

   This time they’re coming for the driver of 40% of the Canadian economy.
   Your home.
   So easy and always a moneymaker for the Swamp.

   Print lots of $.
   Lower rates.
   Stampede the suckers.
   The ensuing inflation drives home prices sky ward.
   Raise rates.
   Homes for free.
   As old and crooked as Media and Liberals.

   What is the biggest Joke in Canada?
   Canada’s Constitution.
   Bilingualism.
   Free Speech.
   Blind Justice.
   Free Healthcare.
   Unarmed Forces.
   Free and fair Media.
   Libranos.
   Trudeaus.
   The Conservative Party.
   Government.
   Public Advocates.
   The list is lengthy in this Potemkin country.
   Like the old USSR, nothing is what it seems or in any way resembles the “Official” narrative.

   1. Thank you for summing up what all politicians should be made to read.

   2. What is the biggest Joke in Canada?
      You forgot.

      Green jobs.

4. canada, the little/big country that couldn’t.

5. Interest rates need to be much higher.

   1. Make a Liberal’s eyes water, eh ?

   2. My understanding of that is… interest rates need be above the rate of inflation for about 6 months for the interest rate to affect change.

      “Close to” this rate, doesn’t work.
      Which unsurprisingly dovetails with everything else the #Libranos do.

      The current inflation rate is 6.32% and moving around a bit month to month, and it’s pretty simple to see that 4.5% interest rates are not high enough. Perhaps 7.5% is high enough. But headed into a possible spring election, many thousands more people unable to afford their variable mortgage rates wouldn’t be expected considered “friendly territory”.

      1. “The current inflation rate is 6.32%…”

         [cough]bullshit[cough]

         1. I have to depend on “gov’t figures” … I’ve seen some items with prices near to double in grocery stores too, but I can’t just make a number up and then hope the gov’t raises interest rates to 1% above my made up number.
            Perhaps there is an economics dept with the time/resources to follow all of StatsCan’s items on their list, and regularly compiles these to show the true inflation rate. I don’t know of one.

            1. marc, by my calculations & research, one needs to triple the “official” gov’t number. It even goes significantly higher if you use the old way they used to calculate it.

      2. Marc

         Inflation is at a 6.3% rate…

         Apparently youve not bought groceries or bathroom gear in a long long while my friend..

         Groceries have gone up damned near 50% as has anything you do to keep your face shave or body wased.

         Bacon at 8.99 for 375 gms or damned near 20 for thick sliced.
         Body wash AXE at 11.50…
         A head of lettuce At 7.39..

         Spare me pls..

6. Interest rate now hiked to 4.5%.

   https://www.yahoo.com/now/bank-canada-raises-interest-rates-150023591.html

7. Just think of the Uni-Party’s solution: 500,000 more free loaders a year making the pool of tax payers even smaller and your ‘contribution’ higher.

8. In an irredeemable fiat currency system, there is no “correct” interest rate and no way for a central bank to objectively determine it. You need commodity money (gold) and unfettered capital markets for that. Right now, monetary policy is the equivalent of financial bulimia, whereby periods of gorging (falling rates) are followed by periods of purging (rising rates). This morning, the Bank of Canada stuck its finger down the economy’s throat once again.

9. And millions of librano real estate agents and lawyers weep and moan for the good old days of CERB “free-money” and stealing from pensioners savings. How could life be so cruel after the voted for turdeau and singh.
   When interest rates hit the 12%-18% range as they did in the 1970’s we may all rejoice at justin and chystia’s financial acumen.

10. It doesn’t matter … the Govt will just add more $$ to their voters EBT cards. Problem solved.

11. Is now the time to ask if Chrystia Freeland asked for a loan from Biden?

12. Relax girls. Tiff said he’d have inflation down to 3% by summer.

13. Don’t be surprised to see interest rates hit the 20 to 25% area like back in the early 1980’s. Interestingly, that was during a second go-round with another PM Trudeau.

14. If you don’t have a economy that’s able to… Awww never mind.. You will own nothing and eat bugs and be grateful for it..

15. A friend(now former friend) has a line of credit on which he only pays the interest because he is not smart fiscally plus things are tight, money wise. Back in Jan 2022, when the interest rate on his $17,000 Loc was 3.45%, he was paying about $48/month interest. He ran up the Loc to pay for vacations. Now the interest rate now will be 7.70% so he will start paying over double that, about $115/month. On top of that, he has a variable mortgage rate, I don’t know the numbers there, but he must be stressing. He asked me for a loan but figuring that he is financially stupid and reckless, I declined, telling him I am not a bank, and he should go see a real bank for a loan (not a solution for him). Hasn’t spoked to me since and I am fine with that. I go by the motto “Never ask friends for loans”.