Dan Knight- Interest Rates Lowered Amid Weak Economy
With no budget and no plan, the Liberals turn again to cheap credit; the same trick that fueled inflation in the first place.
Dan Knight- Interest Rates Lowered Amid Weak Economy
With no budget and no plan, the Liberals turn again to cheap credit; the same trick that fueled inflation in the first place.
It’s gonna be a $100 Billion hole in a month or so, assuming there WILL be a federal budget tabled this year.
There’s a new weirdo who’s going to be calling in $Billions to give to Ukraine as well… and they haven’t decided on a demarcation yet but no worries, send cash.
It’s going to be $100 billion, plus whatever is hidden by accounting tricks.
The FED finally lowered our outrageously HIGH interest rates by a teeny tiny bit … and the Stock Market has exploded … DOW up (again) and today the Nasdaq is going nuts up almost 300 points!
What would happen if the FED actually copied Canada’s central bank and made INVESTMENT $$$ cheap? Our economy would BOOM like never before in history
Thank you TDS-infected Leftists and Globalist RINO’s for creating the utterly FAKE and contrived DIP on and about April. 1, 2025. Your idiocy has made me a lot of money … which keeps growing.
The Nasdaq closed at yet ANOTHER record high under Trump … 22,470 yeah … I bought my qqq shares on Apr. 7, 2025 when the Nasdaq closed at 14,978. Just a boring old index fund that’s gained > +1/3 increase since then. Thank you TDS mega investors for driving the market so artificially low …you’ve made me wealthy from your mental problems.
This move makes sense. The core inflation rate is dropping like a rock.
https://tradingeconomics.com/canada/core-inflation-rate-mom
Further, with a slowing economy, a falling US dollar, the removal of some Canadian tariffs, and the introduction of Trump’s tariffs (which has countries searching for non-American markets for their products), there’s little reason to think inflation is going to surge.
… because NO Canadian can afford to buy anything. Pssst … that’s the way the Free Marketplace tames inflation. You charge more than we can afford? We stop buying it. Econ 101, Freshman year.
Econ 101 would put things in terms of Mashall’s elasticity of demand, not what you said.
But so far as the Bank of Canada’s decision, it doesn’t matter why the economy is slowing. Decreasing interest rates is still advised.
Trump’s tariffs are working just fine: the USA is the biggest market in the world, and everyone wants in. Want to avoid the tariffs? Play fair, and follow the new rules. If not, then suck it up and pay the tariffs…80% of the profit you used to make is better than the 0% you will make if you try to withdraw from the American market.
Read what I wrote. I wasn’t critiquing Trump’s tariffs (that’s for some other day). I was only referring to how it affected Canada.
One effect of Trump’s tariffs is that it’s harder for foreign manufacturers to sell in the US. In fact, that’s the tariffs’ main purpose.
That leaves foreign manufacturers with excess inventory to move. So they lower their prices a bit and dump it in the Canadian market — which has few tariffs — lowering prices of goods in Canada.
Thus Trump’s tariffs reduce inflation in Canada.
“Read what I wrote. I wasn’t critiquing Trump’s tariffs (that’s for some other day)”
Bullshit. You never miss an opportunity to take a cheap shot at President Donald Trump.
” So they lower their prices a bit and dump it in the Canadian market — which has few tariffs — lowering prices of goods in Canada.”
Or they could lower their prices just enough to compensate for the tariffs and continue to sell in the United States, a market *ten times* the size of Canada.
I point out the consequences of Trump’s tariffs on Canadian inflation, and you go ballistic. You do have a bug up your ass, don’t you?
Lower them just enough? The minimum tariff for most countries is 10%, and for some countries and products, much more. For many products, 10% would eat up the entire profit margin, which is not sustainable. The idea that foreign companie will absorb all of the costs of the tariffs and things will continue on as before is dreaming in technicolor. There isn’t an economist in the world that believes that.
Investing in debt. We know they’re going to lie. They know we know that. They don’t care. They have the blockheads and dippers to prop them up, both timid and broke, clinging to a shrinking support base, running scared of voters.
How does inflation run rampant?
At first gradually, then suddenly, then repeatedly with each transaction of decline sold as a national imperative.
Just not our oil, gas, other natural resources, giant agriculture, forestry and other former birthrights.
We’re “climate competitive” aka with other equally collectivist cabals, free from US influence and our prosperity.
“What Canadians want” except for the fact they never voted for daycare or dentalcare; someone knows better.
Milton Friedman was and is right, governments cause most of inflation by irresponsibly increasing the money supply while inhibiting productivity interfering in economic growth at every turn of the till, their will be our damnation.
Hasn’t the size of the Canadian government BOOMED while every other industry has gone BUST? Gotta keep feeding the beast. Baby needs new shoes. Now shut up and pay … “your fair share” of taxes.
There will definitely be inflation in asset prices, such as stocks and real estate. Give it some time and housing prices will resume their upward trend. When it comes to commodities, not so much. Lower rates incentivize greater production and thus falling prices. The problem is that we are once again approaching zero percent interest, which gives a false signal to investors that capital magically self-replicates.
L – Suppose that Canadians demand, that the Canada’s economic reports reflect the reality of lived experience, instead of the wool over your eyes reporting, that gaslights what you see in your wallet and bank account? The transition to a free press means independent from government and gov’t. run/ protected brainwashing cartels…
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“…Ricard Dias … IceCap Asset Management… he believes Canada has been in a GDP per capita recession for the last three years, with higher immigration boosting GDP but failing to make Canadians richer on an individual basis.”
“Former Bank of Canada governed Stephen Poloz …said he thought(2024) that Canada was in a recession though “not a technical one” … that per capita GDP which refers to a countries GDP divided by it’s population showed an economy in decline.”
“Truckers Spot Economic Slowdown- Do Canada’s Recession Stats Tell the Whole Story”
https://archive.ph/rWPYq
Remember that government spending is counted as part of the GDP. Without government deficits we would have been in an official recession for the past couple of years.
And just how does immigration boost GDP, they are a cost in the short term.
In this crab bucket kleptocracy,negative interest rates will become government policy.
Seething hatred and envy of anyone who has more, more than the Chicken Dancing Liberal Voter.
And when you have nothing,that creates a huge group who have “More”.
So any citizen with money in bank accounts,will be rewarded by having to pay a tax to our benevolent fools and bandits..I mean government.
If you pay cash,you will be criminally investigated..snitch lines will be further created to allow “Persons of wealth” to be ratted out for reward.
Can Ahh Duh.
The West cannot leave fast enough.
In the meantime,give thanks for Barter and hold some US dollars,for even as the US dollar fades,the Canadian dollar vanishes.
In Kong Carney’s Canada,the State Media insist; “All is well.
Orange Man Bad.”
Of course Orangeman is bad,because he told Canada that we are broke,bankrupt,naked (defenceless), stupid and ugly to boot.
One thing Liberal Canadians cannot tolerate is truth.
Elbows Up.