Interest Rate Hike and Phoney Baloney Job Numbers?

[macdon02]

USD got ripped today. Broke through long term support. Who knows where cad is going exactly other then UP! Crude should get close to $70. Very interesting times

[errolanderson]

Fed appears to be in crisis mode. They need to hike rates to have an ammo for the next recession. But, there is no inflation. USD pounded today as lack of inflation suggests reduced Fed rate hikes. Gold surges aa a result, but lack of inflation hurts gold as well. Gold sell-off soon?

Warren Buffet says more stock market rally given excessively low rates. Then there is U.S. public debt crisis and pension fund crisis. This will a block-buster movie one day . . . .

[Oliver88]

USD got ripped today. Broke through long term support. Who knows where cad is going exactly other then UP! Crude should get close to $70. Very interesting times

On BNN today they mentioned a lot of Investors believe the Saudis are propping up the price of oil so the Saudi Aramco IPO is more successful.

If NAFTA gets blown up how would that affect CDN vs USD ?

[helmsdale]

Bubbles everywhere...

https://www.zerohedge.com/news/2018-01-12/ron-paul-what-has-qe-wrought https://www.zerohedge.com/news/2018-01-12/ron-paul-what-has-qe-wrought

[errolanderson]

Bubbles everywhere...

https://www.zerohedge.com/news/2018-01-12/ron-paul-what-has-qe-wrought https://www.zerohedge.com/news/2018-01-12/ron-paul-what-has-qe-wrought

Fed mismanagement has caused these bubbles. It simply will not end well . . . .

[the big wheel]

Errol morneau unless I misheard who it was as I was loading grain Is predicting a huge slow down in the economy, a rise in interest rates will totally shit is downwont it. Throw in less trade and holy crap.

Better not call third world countries shitholes as we will be one ourselves soon I m thinking.

[SASKFARMER3]

Welcome to Shithole Canada brought to you by your Friendly Liberal Governments.

Oil drilling on a tear in USA and Canada is shutting down or min investment.

Biggest rig in Edmonton is in Texas working now.

Yea JT is so intelligent and in full charge.

[errolanderson]

Errol morneau unless I misheard who it was as I was loading grain Is predicting a huge slow down in the economy, a rise in interest rates will totally shit is downwont it. Throw in less trade and holy crap.

Better not call third world countries shitholes as we will be one ourselves soon I m thinking.

The ignition point is; the U.S. . . . The Fed is in desperation mode to hike rates so they will have some ammo to cut rates and start printing money again when the next recession strikes. Plus they are beginning to sell bonds back to the market to gradually unwind their $4.5 trillion balance sheet. This is a true tightrope act . . . .

The BOC may hike rates here a further 1/4 percent next week. This is a mistake (IMO). Central bankers are now playing with economic fire as their manipulative powers fade.

[danny W1M]

On BNN yesterday, it was suggested/leaked that the economic numbers given to Morneau to present to the caucus meeting are less than weak,,, they are dismal.

The fakery can only go on so long.

The Liberal Party strategy will likely be to hide this as long as possible and when NAFTA collapses, blame it all on Trump and NAFTA failure.

Good ground to campaign on for the next fed election.

[westernvicki]

Just how do job numbers work: as many baby boomers retire jobs are opening all over to replace them. If this is replacing an existing job already in the job market does the system calculate this as a new job posting? The reality is baby boomers leaving the work force en mass will affect statistics dramatically and create good employment opportunities. This does not signal job growth, as this is not a new job, so it depends on how statistics reflect the job openings created by retirees.

I expect even with the increase of AI in the job market retirees will create employment opportunities for the next 10 to 15 years.