Interest Rate Hike and Phoney Baloney Job Numbers?

[SASKFARMER3]

Ah the old slight of hand the liberal play book at its best. When the Media is in love with the leader they will only find positives in every story. Hell CTV CBC and even Global just look to USA for all Bad news and JT and the Boys all good.

But in reality lets break down the super job numbers for December.

Alberta and Quebec increased jobs. Ok

Ontario did nothing and they are the biggest player in the country.

Thats more of a news story than any thing.

Then the Carbon tax that will be coming Jan 1 and albertans are seeing the drastic increase in Fuel and home heating etc. Take cold showers turn down the heat dont plug in cars and welcome to a third world country.

76000 new jobs but again they forgot to mention that more than half were part time jobs. Others quit looking.

So now our dollar is heading for the hills. 82 cents. Good time to exchange to USA dollars if your heading south hell stock up on american dollars its a good time.


our trade deficit hit a whopping extra Billion but that didn't make the news.

Manufactures will be moving states side and we will be getting more farm equipment that started in Canada being build in USA . Great program JT here is a joint so most can be to stoned to realize what is happening.

Now the Jobs data and Dollar and up goes interest rate. Well for savings thats ok but homes and farms won't do do well with extra rate increases. Oh on a floating interest rate on a $1280000000.00 loan is a extra 320000.00 Just to put it into prespective.
Odds of Jan. Canadian interest rate hike jump after 'ridiculously strong' jobs report. Economists say Dec.'s 'spectacular' jobs report will make it more difficult for the central bank to put off raising interest rates this month.
All the Big Six banks but one says Canadians will see a rate hike this month. Only BMO is holding out for the Bank of Canada’s outlook survey Monday after Friday's blockbuster jobs data.

So good to be home but again some thing is kind of funny when all the bad news on canadian tV was Trump and USA yet all the bullshit feel good news was Canada. Strange media controlled wins every time.

[SASKFARMER3]

Sun Rise from the Condo


Sun Set from the condo


still its good to be home.

[farmaholic]

still its good to be home.

You obviously weren't home in the cold snap!!!!!!!

[SASKFARMER3]

What cold snap it dropped to plus 26 one day and boy did that suck.

Yea i was phoning home and had a truck die at the airport in regina. yes the new one the DEF Froze up and it got towed hopefully today they get it going.

[ajl]

Of course the Stat Can jobs survey is phoney baloney and every one knows it. When Stats Can produces a report you know what the numbers aren't as it has always been. Fire them all. However, we need rate hikes so the economy can transform from a speculative bubble one to more real growth. That way 80 year old farmers can sell their assets and there will be opportunity for new players. Rate hikes follow inflation anyways and we do not need more hyper inflation. Debt levels are far too high because the deleverage signal has not been there. Rates followed inflation in the early 80's and will this time as well.

[4GFarms]

They might as well jump the rate a full point and get the party started!!!

[Oliver88]

RBC increased their 5 year mortgage rate .15%.
Still historically low value.
BNN expert today suggesting BOC and Fed Reserve will be announcing increases in next rate review.

Time will tell.

[SASKFARMER3]

RBC increased today their mortgage rates. So I would say we’re getting the party going next week

[Klause]

Canada gets dumped from Nafta, Dollar drops, causes shockwaves, and devalues our currency even more, while making it more expensive for Canada to borrow money internationally.

Then, because the economy is slowing, the government borrows more and more money to make up the shortfall... Money that gets more expensive, and that they use for QE.

The effect of this is the same as printing money, devaluing the currency which, along with carbon tax, minimum wage hikes, and power hikes will make everything here more expensive (inflation)


At the same time, the housing, land, stock, and vehicle markets are completely overvalued and correct - sharply... Deflationary assets.


You know have a high inflation day-to-day economy, with individuals assets devaluing rapidly.

Everyone is in over there head in debt, which will result in a cascade of bankruptcies, delinquencies, and foreclosures, shocking the market even more.

Canadian banks aren't equipped to handle this, and thanks to Harper passing the "bail in law" for banks, what money you have in your account, they can seize to keep themselves from going broke. This will cause high net worth individuals to move their holdings off shore, draining Canada of cash reserves - this is how banks in other countries end up closing and putting withdrawal limits in place.

Since the Government guarantees a certain $$$ of your deposits through the deposit insurance corporation, they then have to issue more high cost bonds in order to allow people access to their funds.



Once this snowball starts rolling down hill in 180 days it'll run its course.

Canadians, their banks, and the politicians won't know what hit them.


Can't happen? haha.

[danny W1M]

USDA kicked the shit out of wheat ,,,again today.

Down atleast $0.20 CND/bus.

Prices will keep slippen' this winter, and when spring arrives, and wheat goes up a little, farmers will think that little "chicken feed" is a big rally, and plant a whole shitload of wheat,,,ALL OVER AGAIN !!!

[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 . . . .