Interest rates are headed down further: David Rosenberg

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  • Опубліковано 10 гру 2024

КОМЕНТАРІ • 70

  • @rupasandhu6061
    @rupasandhu6061 2 години тому +17

    Taxes need to be reduced not interest rates. Government is to bloated in Canada.

  • @petergskipton
    @petergskipton 44 хвилини тому +59

    Predicting inflation starting to rise again this quarter while leading indicators showing economy slowing (not to mention governm*nt figures pumped up for the election). Global economy very weak which affects US. Fed dropping rates 0.50 shows they're VERY worried about financial downturn/crisis. interest rates coming down are also an indication banks are LESS willing to loan money into existence. The question here is where is the inflation going to come from in the near term? Consumers are mostly tapped out which is 70% of US economy (consumption). Yes inflation very likely to return but not before it continues to come down... Inflation can be a concern, but remember, certain assets like stocks and Crypto’s acts as a hedge. Long & short-term trading is generally safer, allowing investors to weather market volatility. I have managed to grow a nest egg of around 3.2 B'tc to a decent 27B'tc in the space of a few months... I'm especially grateful to Aria Cookings Crypto, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape.

    • @petergskipton
      @petergskipton 43 хвилини тому +1

      She's mostly on Telegrams, using the user name

    • @petergskipton
      @petergskipton 43 хвилини тому

      Ariacookings… that’s her user name

    • @gmsujan-pe2uh
      @gmsujan-pe2uh 41 хвилина тому

      Trading without professional guide is a huge mistake, because you will remain where you are or even make huge losses that will stop you from trading, this has been one of the biggest problem to new traders.

    • @aaronjstein
      @aaronjstein 41 хвилина тому

      The key to financial stability is having the right investment suggestions for a diverse portfolio. Many investment failures and losses happen when you invest without proper guidance.

    • @Josealjornaavila
      @Josealjornaavila 40 хвилин тому

      Productivity is never accidental; it is always the result of careful planning, dedication, and consistency.

  • @Icecold0505
    @Icecold0505 2 години тому +25

    It’s a vibecession. I’m just working two jobs for the vibes.

    • @CollectorWorth
      @CollectorWorth Годину тому +3

      wow the economy is so good you have two jobs! must have really good vibes then

  • @AmolGharat
    @AmolGharat 2 години тому +11

    We are headed to Zero %. Canadian economy is toast.

    • @Casey-qm1nd
      @Casey-qm1nd 2 години тому

      Doom and gloom. Do you really think the government will allow deflation? They have to inflate their debt burden away first so that they bring the debt:gdp ratio to manageable levels. Guess who pays for that? The middle class will pay for this via higher inflation. The middle class needs to get accustomed to refinancing into stubbornly high borrowing costs.

    • @Casey-qm1nd
      @Casey-qm1nd 2 години тому +1

      Doom and gloom. With how much debt the government has, they won't let it happen. They need to inflate away the debt burden first. This means that the middle class can get used to higher inflation, they can get accustomed to refinancing into stubbornly high rates. This is the start of a new long term trend. The gov has little interest in bringing inflation down, that would be of no benefit to them.

    • @Johnnynomadic
      @Johnnynomadic 46 хвилин тому

      Well you could utilize those low interest rates to load up on usd stocks and ETFs

  • @jefftaylor844
    @jefftaylor844 3 години тому +2

    Until Taxes/Fees, food, Utilities, Insurance, Fuel, etc stop increasing, interest rate decreases won't do enough.

  • @Sanchyfab
    @Sanchyfab Годину тому +1

    Tax and insurance rate increases seem to be pushing investment homes back onto the market.
    All the profit from holding a rental property are being sucked away. Without cash flow, you'll be eager to get rid of the property now, while the prices are still relatively high.

    • @Sanchyfab
      @Sanchyfab Годину тому

      And let's not forget how the global economy plays into all of this. Economic instability, inflation, and market fluctuations can further complicate matters and add to people's financial worries.

    • @camela8445Mar
      @camela8445Mar 55 хвилин тому

      Consider diversifying your portfolio with a mix of stocks and stable assets. Seeking professional advice now could provide valuable insights and strategies to navigate market uncertainties and protect your investments.

    • @camela8445Mar
      @camela8445Mar 55 хвилин тому

      Consulting with a financial advisor can provide personalized insights and help align your investment strategy with your retirement goals.

    • @Deitricklaverne
      @Deitricklaverne 48 хвилин тому

      Agreed, I've always delegated my excesses to an advisor, since suffering major portfolio loss early 2020, amid covid outbreak. I'm now semi-retired and only work 7.5 hours a week, with barely 25% short of my $1m retirement goal after subsequent investments to date.

    • @Deitricklaverne
      @Deitricklaverne 48 хвилин тому +1

      You need to get a financial planner or expert on investments to aid diversify your portfolio to commodities index funds, digital assets etc, to provide illumination and guidance in the financial markets.

  • @shanedinapoli2240
    @shanedinapoli2240 2 години тому +5

    Canadian peso?

  • @barrybrand2970
    @barrybrand2970 3 години тому +1

    I'll never forget Ray days, Wynne and McGinty stay educated Ontario.

  • @BrianMakesMovies
    @BrianMakesMovies 2 години тому +2

    Sorry I am new to listening about government finances; why is the Canadian dollar going down to 62 cents to combat tariffs a good answer? I don’t understand, if anyone can enlighten me ty

    • @Graytree2002
      @Graytree2002 59 хвилин тому

      Probably for cheaper exports that boosts economy

    • @qjsharing2408
      @qjsharing2408 40 хвилин тому

      Remember that household debt is high so the value of our exports as denominated by Canadian dollars will rise, making it easier to clear debts
      Also, because Imports become more expensive, you are more likely to hire me than hire an American.
      Nominal wages tend to be sticky downwards

    • @jzou1030
      @jzou1030 29 хвилин тому +1

      lower CAD will also promote Canadian buy things sourced or manufactured locally, just like now, there are less Canadian travel down south for winter.

    • @qjsharing2408
      @qjsharing2408 18 хвилин тому

      Now that you've seen this mentioned here, you will also notice discussion of whether Trump is going to try to devalue their dollar. I happen to think it's likely, cuz people want nominal wage increases and it would also be a way of running fiscal surpluses.
      I think Trump is going to exempt Canadian energy from his tariffs, but that's more of a geostrategic effort to tip us into Dutch Disease. Damage our ability to clear debts with high-tech or value add products, and then cause our currency to harden because of oil exports alone. And then half of us will be grateful for the exemption

  • @AllenHaggins
    @AllenHaggins Годину тому +2

    So what's the most effective strategy during this period of volatility with the rate cut? Most of my portfolio is in (20% Index funds, 20% CD's 30% Bonds/T-bills and other assets) I want to explore different strategies to benefit from a potential bubble

    • @frederickbruton
      @frederickbruton Годину тому

      This is the thought of a person who is handling their portfolio themselves. I will advice you engage guidance to help you make smarter portfolio decisions. My IRA and cash accounts are far more than what I expected for my retirement. I can easily handle a worst-case 80% stock crash, Thanks to my FA

    • @AllenHaggins
      @AllenHaggins Годину тому

      Mind if I look up your adviser please?

    • @frederickbruton
      @frederickbruton 59 хвилин тому

      Sure you can! Gabriel Alberto William is the financial advisor I work with. Just make a research with the name. You’d find necessary details to work with

    • @AllenHaggins
      @AllenHaggins 56 хвилин тому

      Thanks for the recommendation. I quickly make a researched online with his full name and i easily spotted his website, very impressive

  • @lorenzofracasso-w6w
    @lorenzofracasso-w6w Годину тому +1

    Been saying protect yourself since 2008. Buy assets. Gold, bitcoin, art. All of them are up massively, some more than other over the past 15 years.. remember, prices or costs going up is actually your dollars, euros, yen going down, and they will keep going down vs goods and services for the unforeseeable future. It's part of the design of our economic and financial system.

    • @qjsharing2408
      @qjsharing2408 42 хвилини тому

      Why not buy something that brings in an income?

  • @nitinprasad3842
    @nitinprasad3842 54 хвилини тому

    Why intrest rate let us lend money for free what a trash . This guys will do what ever it takes to avoid a correction.

  • @AbeySampson-ow8pz
    @AbeySampson-ow8pz Годину тому

    Home price has come down 50 to 60% not the interest rate, interest rate come down greedy investors from China and around the World jack up the home price 60 to 70%

  • @Bigjohn928
    @Bigjohn928 2 години тому

    He is the great rate cut cheer leader

  • @jacobmartens2096
    @jacobmartens2096 28 хвилин тому +1

    With current expected drop in interest rate next year in addition to Trump's upcoming tariffs against Canada, 2025 is going to be a year of reckoning for Canadian dollar. We are looking at breaking the record for weakest loonie value set on January 21st, 2002 at 61.79 cents per 1 USD. The smart money in Canada is going toward USD, Gold and crypto as hedge against CAD for at least 6-9 months.

  • @rtorcato
    @rtorcato 2 години тому +1

    based on liberal math the economy should be roaring with all this money we get back from the carbon tax

    • @qjsharing2408
      @qjsharing2408 27 хвилин тому

      We have shifted the products that we offer, because our customers show discretion after the price of carbon is embedded in our retail price. And I guess they use their rebate checks to purchase
      It's not free growth, we delayed doing anything about climate policy for about 30 years. It's like expecting to do minimum payments on your credit card for 30 years before rebalancing your budget

  • @dev4statingx90
    @dev4statingx90 Годину тому +1

    This economy is cooked lol

  • @JimBob-ne8wn
    @JimBob-ne8wn 2 години тому

    Currency comments are the big take from this.

  • @ElementaryWatson-123
    @ElementaryWatson-123 9 хвилин тому

    Rosenberg has been worse than a broken clock, missing with every call.

  • @adamsteele6148
    @adamsteele6148 54 хвилини тому

    Trying to predict the future based on the past is folly

  • @SirThomas1212
    @SirThomas1212 Годину тому

    Covid rate is coming back?

  • @stevea3043
    @stevea3043 50 хвилин тому

    The next 50bps is after the crises 😂
    Until then enjoy the show 🎉

  • @nickcheema907
    @nickcheema907 46 хвилин тому

    the day will come (again) when you'll be able to get a mortgage at 1.5%

    • @ElementaryWatson-123
      @ElementaryWatson-123 5 хвилин тому

      yeah, and on that day the house prices will be twice more expensive

  • @LamarPassmore
    @LamarPassmore 13 хвилин тому

    Leviticus 25:37

  • @jackjackthompson5771
    @jackjackthompson5771 Годину тому +1

    He’s always wrong about everything 🤡

  • @StephenNorthth
    @StephenNorthth 3 години тому

    Just realized I have a new hero. And it's the cat from this video😛

    • @Stefch2
      @Stefch2 3 години тому

      Please explain

  • @Bigjohn928
    @Bigjohn928 2 години тому

    Inflation below 1% I want to know where? This guy is full of 💩man

    • @adamsteele6148
      @adamsteele6148 58 хвилин тому

      The methodology they use to calculate that is flawed beyond belief