The last few points of inflation are hardest to get out: Stein
Вставка
- Опубліковано 16 січ 2024
- Lyle Stein, president of Forvest Global Wealth Management, discusses why central banks are trying to temper market expectations on rate cuts.
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Higher rates for longer. I don’t see the case for reducing rates in 2024
Nah, rate reducing soon. Just wait for it. Too much is at stake with higher rates, you people only care about housing price, but there are more to think about for the entire country’s economy. BoC is at a tough spot, on one hand they don’t want to lower the rate because that will push house price up, and increase inflation, on the other hand, higher rates lead much more potential issues, such as banks facing funding issues, government is going to pay more money on interests, considering their current deficit, and corporations and businesses are going to cut costs, or even bankrupt, people will lose jobs, and consequently mortgage default, and house market crashes. And bank bankrupts, and government bankrupts, and we will need more money from overseas governments to save our economy but no one is going to help because they have their own stuff to deal with. And we will be all screwed, and Canadian dollar crashes, and our assets and wealth will be worth practically nothing….do you think the government and BoC want to see that? Or do you want to see that for the sake of housing price…or affordability…? If the houses in Toronto or BC are too expensive you can move to other provinces, but if the entire country is going down, then you are really screwed. So those officials will work on that very hard and get us back on the right track. I have more confidence on them than most people. So to me, the rate will drop soon, and with small amount to just ease the burden and also to be able to contain the house market at the same time for now.
I don’t think we’ll see 2% inflation again. The BofC is going to be happy with 3%. They’re just not announcing that.
Don't think so. That extra 1% has a huge impact over time. In my opinion, banks should engineer *below* 2% inflation until the long term target returns to trend when there is a major inflationary event like we just had.
Every day, we are confronted with new difficulties. It is currently accepted as the standard. We mistaken it for a crisis at first, but now we realize it as a new normal to which we must adapt. What steps can we take to improve income during the quantitative adjustment, given that 2023 will be a year of severe economic hardship for the whole country? I can't let my $800k in savings vanish after all my hard work.
My belief is that the US dollar's value affects investments in a variety of ways, but having a trained portfolio adviser who can research and experience a completely broad market has never made figuring out how to grow your money easier.
I think it's great to use a portfolio advisor when investing. Before I met with a certified portfolio advisor during the pandemic crash in March 2020, I had recently started having terrible dreams. Finally, with the help of my advisor, I was able to increase my initial investment of $400k to over $2.8 million dollars.
Yes, Stacey Laura Alviani made headlines in 2020, but I'm not sure if I can bring her up in this context. She manages my portfolio and acts as a counselor for me.
@@danieljackson87 I did look her up; she is full up, and her credentials and resume are excellent. Regardless, I scheduled a consultation with her.
What wage increases? lol
Nope. really easy. Drop carbon tax and fuel prices drop 14c per litre and heating bills drop 33% then inflation drops. Not some difficult macro level economics here. More like self inflicted pain.
Justin T need 50 year vacation .