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    #1

    Rate Cut

    Bank of canada cut three quarters of a point.

    http://www.bloomberg.com/apps/news?pid=20601087&refer=home&sid=acBimGdMUu30
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    #2
    cotton

    is this good or bad?

    Do I go borrow to buy more farmland now?

    Comment

      #3
      Long term rates will not fall so the only way you benefit is by borrowing on a short term rate.

      Probably not a great idea... If i was borrowing for land it would be locked in for at least 7 years. If you can't make money at that rate dont do it.

      I would question if the banks will even follow suit and pass these further reductions in short term money to customers.

      what do others think?

      Comment

        #4
        Long term rates will not fall so the only way you benefit is by borrowing on a short term rate.

        Probably not a great idea... If i was borrowing for land it would be locked in for at least 7 years. If you can't make money at that rate dont do it.

        I would question if the banks will even follow suit and pass these further reductions in short term money to customers.

        what do others think?

        Comment

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