Interest rates

[SASKFARMER3]

I personally would like to see 10% interest or higher on investments he’ll I would gladly pay tax on 200000 or more income but they will never let that happen. Now the powers that be will take our savings if the shit hits the fan that I know will happen.

[AlbertaFarmer5]

Money is still nearly free to borrow at these rates, and apparently farmers aren't concerned that rates are going to get out of control. Just came back from a land auction, nearly $4000 per acre for mediocre land, more like $4500 per arable acre, all in pasture currently. That must be a record for this far west. The threat of higher rates, kepts my hands in my pockets even before it got to that price. But as usual, I'm sure I will look back in regret...

[Flatlander]

Having agreed that there are no markets, only manipulations... maybe one shouldn’t think that interest rates willl ever get out of central banker control. But maybe one day the MARKET will reign. It could happen. What should rates be to reflect $500,000+ houses and $500,000 + quarters? It could get ugly real fast. Then gov’t really needs inflation to inflate away debt or the interest will bring their insolvency to the light of day. Seems there is no solution. But I don’t see how spending your way out of it can be good. Like someone said above keep some powder dry, paydown debt which seems stupid at these rates but look at long term interest charts- which way do you think the trend is going to be from here? Look at long term grain price charts- that ones easy, hint, it only goes one way over the long term. We just lived through one of the best times to be a farmer, well maybe more accurately a land owner. Past performance may not guarantee future success.

[Sheepwheat]

A lot of guys made more money on interest than teachers made in salary in the 80’s. If you are on the right side of debt, interest rates are too low. If I had a dime for every time I heard a retired farmer say, “ interest rates are way too low.” Well, I would be richer.

More than one way to look at it. Sure, if you are borrowing exhobitant money to fund yourself, it can hurt. If you on the other hand, have been socking some away like we all should be, high rates are pleasant.

[furrowtickler]

A lot of guys made more money on interest than teachers made in salary in the 80’s. If you are on the right side of debt, interest rates are too low. If I had a dime for every time I heard a retired farmer say, “ interest rates are way too low.” Well, I would be richer.

More than one way to look at it. Sure, if you are borrowing exhobitant money to fund yourself, it can hurt. If you on the other hand, have been socking some away like we all should be, high rates are pleasant.

You are correct . Depends if you are debt loaded or not on what opinions are .
History says it must go up , those exposed say it can’t .

[brs]

Everything is inflated because of low interest rates imho. I am a younger farmer and would like to see people make interest off their savings, and myself to buy land right now if interest rate would be higher i M pretty sure the price per acre would be lower. A person can put himself in a cash crunch pretty quick making steep land payments with only the interest as a tax deduction for a business.

[Ache4Acres]

Errol

There was an interesting article that the liberals are trying to raise rates heavily and quickly to help their budget. In some strange way the books show heavy pension obligations with low rates and if rates are higher it can shave billions off the future pension obligations. Before you know it the liberals have a rosy budget to report before the high interest rates trickle down and blow up the economy

Who knows....I personally can’t see the economy support higher rates unless at the same time they print and helicopter drop so much money that it offsets it.

[errolanderson]

Errol

There was an interesting article that the liberals are trying to raise rates heavily and quickly to help their budget. In some strange way the books show heavy pension obligations with low rates and if rates are higher it can shave billions off the future pension obligations. Before you know it the liberals have a rosy budget to report before the high interest rates trickle down and blow up the economy

Who knows....I personally can’t see the economy support higher rates unless at the same time they print and helicopter drop so much money that it offsets it.

Ache . . . This is 'Robbing Peter to pay Paul' economics . . . . Yes, pensions are the next gong show, but raising rates quickly would pull Canada's economy into a depression quickly. The debt bomb would detonate . . . .

Instead of raising rates quickly and worsening our economy even more, maybe our PM should support Canada's key economic engine, ( the Alberta oil sands) and getting working to move our product to international markets.

[ajl]

Lots of robbing Peter to pay Paul economics at work. Robbed billions from savers to stimulate the economy and create fake growth the last 8 years. Main reason why asset prices are where they are at. I agree though the Canuckistan economy can't withstand any more rate increases as its growth is entirely fake. The US is not as good as the optimistic reports are and today's rate increase is likely the last down there as well. I did see the report on rates and pensions and that is a key reason why central banks can't cut rates again as well. Pensions need the higher rates.

[farmboy44]

Lots of robbing Peter to pay Paul economics at work. Robbed billions from savers to stimulate the economy and create fake growth the last 8 years. Main reason why asset prices are where they are at. I agree though the Canuckistan economy can't withstand any more rate increases as its growth is entirely fake. The US is not as good as the optimistic reports are and today's rate increase is likely the last down there as well. I did see the report on rates and pensions and that is a key reason why central banks can't cut rates again as well. Pensions need the higher rates.

Do you honestly just look for opportunities to say the word "canuckistan" in your posts? It somehow works its way in to basically every single post you write on here. Its pretty disrespectful to keep suggesting that our country is so similar to the shit-whole third world countries your tying it to.