Interest rates

[cottonpicken]

What's been bugging me is the artificially low rates are pulling forward demand so future growth has to slow in every sector which will hammer our GDP luckily food is a bit more inelastic but asset values will take a hit or maybe I should just think about something else.

[BreadWinner]

Don't you hate it when what you've been preaching to people about for years and years never happens. Im afraid it's time to find something new to worry about.

[mcfarms]

I wonder how much of that demand has already been pulled forward was in the city yesterday and had a little time too kill so thought Id go look at the new chevy trucks as mine may have to be passed on to a 16 year old about next year, was absolutely struck by the sheer volume of new vehicles sitting piled up on lots, could not even drive around some lots as the trucks were parked in between rows as well saw the same thing at the toyota dealership I stopped at. Made the mistake of walking around a lot I attracted more salespeople in 15 minutes than I could believe almost couldn't quietly look at things without being bothered. I think its slow and going to get slower low interest rates wont save things here Im thinking.

[cottonpicken]

Ya well I was preaching farmland gold oil and grain where going to go up before they actually did and i didnt charge you a penny so suck it. FYI what is happening in the world actually effects you and it ain't lookin like sunshine and rainbows and when the bank takes half of your deposits you will be scratching your head saying nobody seen this coming........

[Klause]

Agree cp.


Bad time to have your head stuck in the sand.

[BreadWinner]

I guess if you preach about something long enough it might happen. But in my case if I had worried about riding interest rates if would of cost me thousands. The new norm is less buying power for your dollar, it is called "Inflation" look it up its not rocket science.

[BreadWinner]

Oh and the banks won't take your money, banks in Canada guarantee your deposits are 100% protected.

[Klause]

Inflation is followed by hyperinflation then total devaluation and the only thing worth anything is a physical good.


Because of this government will concoct ways to relieve you of said physical goods.


Mandatory confiscation of commodities for instance.


That also isn't rocket science and has happened in my lifetime


Here in Canada we are fortunate to not have had to deal with it. Every nation gets a taste eventually.

If you had spent time in Argentina or had family there you'd have a very different outlook.

[Klause]

They were in Argentina too. Then a new deposit tax came in. 20% of all money put into your bank account went into federal coffers.

[cottonpicken]

And a lecture on inflation google quote "not one man in a million".

And I actually know deposit insurance ratios to bank deposits. Along with tier one capital ratios. And the famous quote of the Mexican president the day before they devalued and the famous quote of the eurocrat junker?"when it's this bad you have to lie"

I think you picked the wrong ring to get into.