Faramir Posted March 16, 2022 Report Share Posted March 16, 2022 Again what the USA does is very relevant to what happens to us here in Canada. The Federal Reserve has communicated that 6 rate hikes can easily be handled by the USA economy. Knowing how much debt is held by Americans I think they will seriously be hurt by rate hikes. And if we want or currency not to plummet in Canada we will have to follow America's lead. So where does 6 rate hikes put you? Quote Link to comment Share on other sites More sharing options...
eyeball Posted March 17, 2022 Report Share Posted March 17, 2022 6 rate hikes will put me and everyone else in a world where a lot of negative things will be exacerbated. Fighting inflation by increasing the cost of everything seems particularly counter-intuitive. Like doing the same thing over again and expecting a different result. Quote Link to comment Share on other sites More sharing options...
Faramir Posted March 17, 2022 Author Report Share Posted March 17, 2022 Yes, so I wonder if it was just more "talk" hoping the talk of inflation fighting would ease up on rising interest rates. Yes, anyone mid-career/family like us would be in a whole world of hurt. Quote Link to comment Share on other sites More sharing options...
August1991 Posted April 4, 2022 Report Share Posted April 4, 2022 Arthur Burns, whatta guy! Nixon, like Clinton, a player. But Carter, like Trump, an outsider - names Volcker. ======= Chinese and Russians? I reckon that you Americans will manage. You've managed for two centuries. Quote Link to comment Share on other sites More sharing options...
sharkman Posted May 6, 2022 Report Share Posted May 6, 2022 Rate hike of 50 basis points. Dow loses over 1000 points. Gotta love that Biden, he’s doing so much more for the economy than Trump ever did. Hahahahahahahahahahaha! Quote Link to comment Share on other sites More sharing options...
sharkman Posted Sunday at 07:58 PM Report Share Posted Sunday at 07:58 PM (edited) So here we are after, what is it, eight rate hikes? What if the only way to get inflation down to 2% ends up flatlining the economy? https://www.adesa.ca/price-index/ Annybody heard of ADSA? I thought not. They have sales figures on autos in Canada, and the numbers for 2022 have been the worst since 2009. The crash. Here’s a deeper look: Edited Sunday at 08:01 PM by sharkman Quote Link to comment Share on other sites More sharing options...
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