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Are you ready for 6 rate hikes


Faramir

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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?  

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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.

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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 by sharkman
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