Originally posted by AlbertaFarmer5
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Canada's Banks "The Great White Short"
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Originally posted by biglentil View PostMarket cannot bear any type of normalization of rates. Doesn't leave them much room to fend off the next recession unless they go negative with rates. Wheres helicopter Ben? We need him back to keep the massive everything bubble from imploding.
Canada is even in worse shape, good thing Trudeau legalized the bail in. What's a little 20% haircut off everyone's bank accounts.
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According to an article in the Financial Post,, 80 per cent of Canadian companies outside of the financial industry are not generating enough cashflow to support their business activities. This appears to be a huge, mounting risk to Canada’s banks.
This also suggests that mortgage rates and overall interest rates may be under pressure heading into 2020.
Bank of Canada rate cut possible by fall (IMO).
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Bitcoin is dead early guys in made money the rest are hoping for a recovery.
This is serious.
Yes, household debt in the cities is huge.
Rural farm debt topped 100 billion.
The Hutts aren't as strong financially as one thinks. Why do you think they are starting welding shops and siding and other things besides farming. Cash.
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Originally posted by beaverdam View Posterrol, "Bank of Canada rate cut possible by fall (IMO)."
Where, at what level, would that put the CAD ?
An opinion, the June Cdn dollar has technical support at 74.50 cents and next major support at 73.50 cents U.S. . . . hestitate to say lower. Should rebound takes place, the June could break above 76 cents with heavy resistance at 76.50 cents U.S. Currencies difficult-to-predict . . . .
Don't pay into the big-time bear forecasts (62 cent loonie) that got huge headlines recently. U.S. has huge economic problems straight ahead which could pressure the USD (IMO) . . . .
My two-bites . . . .
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Originally posted by SASKFARMER3 View PostBitcoin is dead early guys in made money the rest are hoping for a recovery.
This is serious.
Yes, household debt in the cities is huge.
Rural farm debt topped 100 billion.
The Hutts aren't as strong financially as one thinks. Why do you think they are starting welding shops and siding and other things besides farming. Cash.
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Errol what am I missing on the USA.
200000 new jobs and Canada loses 8000.
Building and shopping and etc all going on down south.
Yes, Ag has slowed to a crawl but they are snapping up Canadian equipment as witnessed by Mondays sale.
Oil pumping going on in the USA and Canada No.
A trade deal with China.
We lose trade.
So explain what am I missing.
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Originally posted by SASKFARMER3 View PostErrol what am I missing on the USA.
200000 new jobs and Canada loses 8000.
Building and shopping and etc all going on down south.
Yes, Ag has slowed to a crawl but they are snapping up Canadian equipment as witnessed by Mondays sale.
Oil pumping going on in the USA and Canada No.
A trade deal with China.
We lose trade.
So explain what am I missing.
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