Uh Oh! Mentalfart and the lefties may have hope...
Bernie Sanders Could Replace President Trump With Little-Known Loophole | The Huffington Post
Bernie Sanders Could Replace President Trump With Little-Known Loophole | The Huffington Post
Canada's housing market already suffering because of Trump
- Thread starter mentalfloss
- Start date
This has been in the works since July. It has nothing to do with the Great Donald Trump.
I would say I'm surprised that you turtle at even the mildest conflict, but I'm not.
And here it is in black and white (yet again might I add)
Trump effect blamed as mortgage rates rise and bonds tumble: Don Pittis - Business - CBC News
If all the other banks join RBC and TD and mortgage rates rise further, popping a Canadian house price bubble, that might seem a high price to pay for a lesson in world finance.
But Canadians contemplating the effect of rising rates on real estate are now getting an exceptional insight into why the so-called "bond vigilantes" are angry at president-elect Donald Trump.
They are also getting a ringside seat on the interconnectedness of global financial policy that creates winners but leaves many losers suffering the consequences.
And here it is in black and white (yet again might I add)
Trump effect blamed as mortgage rates rise and bonds tumble: Don Pittis - Business - CBC News
If all the other banks join RBC and TD and mortgage rates rise further, popping a Canadian house price bubble, that might seem a high price to pay for a lesson in world finance.
But Canadians contemplating the effect of rising rates on real estate are now getting an exceptional insight into why the so-called "bond vigilantes" are angry at president-elect Donald Trump.
They are also getting a ringside seat on the interconnectedness of global financial policy that creates winners but leaves many losers suffering the consequences.
I am still amazed that TD was able to predict the Trump victory when everybody prior to 21:00 on 11/08 was predicting a Hillary victory. And followed through on their predictions a full week before the election. Truly amazing.
I'm amazed you glossed over the fact that they are responding to falling bonds (because of Trump's win) with increased interest rates.
Well all you have to do is pay attention and you might get it.
I totally understand something that you don't.
I understand that banks are confident that future home purchasers will buy houses at a higher interest rate and it is based on Trump's affect to the economy.
It sucks to be you. Get over it.
The banks don't want to lose money because of the drop in bonds so they had to make up for it by raising interest rates.
The bond prices dropped explicitly because of Trump.
Maybe you'll learn something about the economy one day.
The bond prices dropped explicitly because of Trump.
Maybe you'll learn something about the economy one day.
Pundits and the media can toss the blame wherever they like it doesn't make it true. Our bond rate is tied to the value of the dollar on the global market. As the US dollar gains strength and ours weakens the rate will change.
The housing market has been stressed for some time now and the BOC along with the chartered banks have been getting ready to up the mortgage rate for a long time. Changing the rules recently was the first step to deflate the bubble. Raising rates is the natural second step and has been talked about for over a year. As the Liberals and NDP have let our economy slide it is quite normal for the banks to do exactly what they did to try to slow the housing market keeping it in line with the slow economy.
I understand you wish, no, need to tie everything in the world to Trump but it doesn't work. The US market is traditionally slow leading up to an election and gains strength after investors know which direction to move based on the winner. Had Hillary won the uptick in the market would have been similar, though maybe with different sectors performing better, and their dollar would gain just the same. It is a result of being able to project policy and spending for 4 years after a period of relative unknown leading up to the election. Once you grasp the basics you will realize it isn't Trump at all but a natural result of having any winner declared. I would also point out again that the changes in our mortgage rates have been in the pipeline for months and while coincide with the end of the election would have happened with either winner or even if the election was cancelled and no winner at all.
Sorry you do not have the requisite thinking ability to understand. It probably stems for your deep desire to place blame on somebody else which I'm sure is how you deal with everything in life just like every other left-wing retard.
Yes it's the media's fault, a massive conspiracy.
Meanwhile TD itself is calling it Trumpflation :lol:
(You really suck at arguing by the way)
Higher mortgage rates on the way & Trump’s to blame
The Trump factor
Prior to being elected the next President of the United States, Donald Trump had campaigned on a plan to stimulate the slow-growing U.S. economy by spending big on infrastructure. Financial markets were worried before the November 8, 2016 election, which is why they responded after Trump announced his win. (At the same time, one TD bank economist started calling Trump’s strategy: Trumpflation.)
While the U.S. stock markets surged in the days after Trump’s election, investors in the bond markets responded by dumping their holdings. Call it fear of Trumpflation—massive infrastructure spending and tax cuts that will lead to inflation, which is bad for the bond market. Mere hours after Trump’s election speech, investor fear was palpable and just two-days of trading, the threat of Trumpflation wiped out more than $1-trillion across the global bond markets. The concern is that Trump’s promise to stimulate the U.S. economy will prompt Federal Reserve Chair, Janet Yellen, to start raising interest rates.
Higher mortgage rates coming tomorrow and Trump's to blame
Meanwhile TD itself is calling it Trumpflation :lol:
(You really suck at arguing by the way)
Higher mortgage rates on the way & Trump’s to blame
The Trump factor
Prior to being elected the next President of the United States, Donald Trump had campaigned on a plan to stimulate the slow-growing U.S. economy by spending big on infrastructure. Financial markets were worried before the November 8, 2016 election, which is why they responded after Trump announced his win. (At the same time, one TD bank economist started calling Trump’s strategy: Trumpflation.)
While the U.S. stock markets surged in the days after Trump’s election, investors in the bond markets responded by dumping their holdings. Call it fear of Trumpflation—massive infrastructure spending and tax cuts that will lead to inflation, which is bad for the bond market. Mere hours after Trump’s election speech, investor fear was palpable and just two-days of trading, the threat of Trumpflation wiped out more than $1-trillion across the global bond markets. The concern is that Trump’s promise to stimulate the U.S. economy will prompt Federal Reserve Chair, Janet Yellen, to start raising interest rates.
Higher mortgage rates coming tomorrow and Trump's to blame
Yet two weeks ago it was good Trudeau changed the rules and TD upped rates. Wasn't it flosshole?
Sorry, I did not mean to gloss over the falling bond rates on November 1st due to Trump's win on November 8th. Please forgive me this obvious oversight.
I didn't say it was their fault. I said they, like you, are looking to blame Trump for a natural occurrence in the markets.
You would latch on to what 1 guy said and run with it because it fits what you desire the facts to be even when they aren't
That's because I'm not arguing, I'm presenting you with facts. Because those fact are contrary to what you wish to be true you think it's an argument
As I said the US market and US dollar has reacted to the election result just as it would have done if Hillary had won. The predictability of policy once a winner is declared has always bolstered the market and the dollar prompting investors to move portfolios to where they believe money will be made. With a more stable and predictable market comes a stronger dollar meaning bond rates suffer. None of this though has anything to do with the BOC and Canadian banks following through on a plan to slow the housing bubble that was suggested and began months ago.
You might as well blame Trump for the bus being late and your coffee being cold....it's all Donald's fault...whaaaa!