Fed raises rates

[Hoid]

And signals two more increases ahead this year.

So the long awaited reckoning is upon us.

Credit cards morgages car loans are all going up. How high remainz to be seen. It will all allegedly depend on inflation - but a better way to think of it would be that rates will rise until enough people go bust to start negatively impacting returns.

 

[Hoof Hearted]

Hopefully this will cause the housing bubble to burst.

 

[Curious Cdn]

Are rates going up here, too? Don't bet on it quite yet. The looming trade war changes a lot for us.

 

[Hoid]

Canada will follow as always

 

[justlooking]

Are rates going up here, too? Don't bet on it quite yet. The looming trade war changes a lot for us.

Nah, Tater is happy to continue crashing the dollar, because interest rate hikes will be deadly.

 

[Twin_Moose]

Nah, Tater is happy to continue crashing the dollar, because interest rate hikes will be deadly.

I agree he needs the housing bubble to keep the GDP inflated

 

[Dixie Cup]

Solution? Pay down your mortgage and credit cards as best you can and only buy what you need. We are a society that buys too much of what we want vs need. Time to cut that out! Then the interest rates won't matter.


JMHO

 

[Hoid]

if the average house price in Canada is $500,000 how long is it goig to take to pay that off.

it seems unrealistic given todays reality.