Bank of Canada cuts needed to keep recession at bay

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  • เผยแพร่เมื่อ 7 ก.ย. 2024
  • Royce Mendes talks about the Bank of Canada's latest decision and what it tells us about the economy and where interest rates go from here.

ความคิดเห็น • 109

  • @diegocorrea1491
    @diegocorrea1491 29 วันที่ผ่านมา +80

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      @RaymondA.Robinson 29 วันที่ผ่านมา +19

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      @dritazane6837 29 วันที่ผ่านมา +18

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      @SoniaHart-rb7jd 29 วันที่ผ่านมา

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      @nwaiwuthompson3939 29 วันที่ผ่านมา

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  • @MM-xg2td
    @MM-xg2td หลายเดือนก่อน +10

    Keep recession at bay ? We are already in a recession the unemployment numbers, retail numbers and the GDP growth already says that.

    • @Casey-qm1nd
      @Casey-qm1nd หลายเดือนก่อน

      Unemployment is under the long term avg of 8%. Aggregate GDP has not contracted for 2 consecutive quarters yet either. I warned that a surge in immigration would keep inflation higher, and diminish living standards. Now people will find out that the BoC can't cut as much as they want either. The unemployment will keep rising but that is what happens when you bring in so many people, at a time when the economy is slowing.
      I also warned that people are going to be really mad when they see their home equity fall and everything else gets more expensive. That is what is coming next.
      I think you have been gaslit to think the economy is a lot worse than it really is. Many people are in great positions and are sitting on a mountain of equity. Only 35% of people have mortgages. A third have their houses paid off... The other rent and would see no benefit from cuts. I'm sick of propping up the few at the expense of the whole.

    • @MM-xg2td
      @MM-xg2td หลายเดือนก่อน

      @@Casey-qm1nd * Aggregate GDP has not contracted for 2 consecutive quarters yet either * WRONG and we have been in a recession for the past 3 months. I called out 4 out of 5 cuts since April, and I have been right so far what about you ?

    • @Casey-qm1nd
      @Casey-qm1nd หลายเดือนก่อน

      @@MM-xg2td this was a prediction from Tom Storey's channel. i said this over 7 months ago when everyone was saying real estate to the moon
      " I think you should still come out with a prediction anyways. My current call is double digit unemployment. I think sellers hold off on price reductions if they expect future cuts. However this will lead to increased inventory. New builds being completed will also be adding to supply at the same time. Once we get official hard landing headlines, sellers and speculators will try to front run each other. With all the inventory it should help prices come down. Once that inventory is absorbed, we go back to supply shortages as no one is applying for permits. There will be some prime opportunities coming up for those sitting on cash. The higher the unemployment rate is, the better the opportunity to buy."
      Another prediction that is close, called 600 SPY when SPY was at 400.

    • @Casey-qm1nd
      @Casey-qm1nd หลายเดือนก่อน

      @@MM-xg2td -warned inflation would not be transitory
      -called 5% overnight rate in the US when many were saying that was impossible (called that before the hike cycle began).
      -called the rates would stay higher for longer than antipated too
      -pointed out how canadian consumers can't keep up with US consumers which I predicted Canada would foolishly diverge from the Fed
      -said SPY would go to 600 (at 400) and said markets won't crash until we get cuts.
      -predicted that cuts would lead to a surge in real estate listings, again contrary to what many believed
      I have learned that whatever avg people think, take the opposite side of the bet.
      I am also predicting that we are transitioning from a cycle where monetary policy is easy, to a cycle where the policy will be restrictive (could last decades). Avg people will be the last to figure it out. More cuts now = higher rates later and less cuts now = lower rates later. Most fail to see this simple logic. So many live paycheque to paycheque and fail to see the larger picture.
      What are your forward looking calls? I want to talk about stuff that will be happening a year plus from now that no one is talking about currently.

    • @MM-xg2td
      @MM-xg2td หลายเดือนก่อน

      @@Casey-qm1nd LOL they will not let unemployment go up to double digits, they will cut aggressively before this happens. We have had no GDP growth in 3 quarters. 3 out of 4 cuts coming before Christmas and BOC rates to be between 2.5 to 3% by early fall 2025.

  • @kenvandeburgt1232
    @kenvandeburgt1232 หลายเดือนก่อน +21

    Bank cut is going to further devalue the dollar.

    • @MM-xg2td
      @MM-xg2td หลายเดือนก่อน +2

      After 2 cuts the CAD went down .05 not even one cent 🤣

    • @jay1645
      @jay1645 หลายเดือนก่อน

      And softer oil prices so buy gold lol

  • @Alan-sj2zy
    @Alan-sj2zy หลายเดือนก่อน +8

    Job recession started end of last year. Economy is already in recession, Wage growth has not moved in 11 years.

  • @mfmcintyre
    @mfmcintyre หลายเดือนก่อน +21

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    • @JasperMaartenHoutman
      @JasperMaartenHoutman หลายเดือนก่อน +1

      I feel sympathy for our country, low income people are now suffering to survive yet inflation and recession keep increasing daily, many families can't even enhance the good cost of living anymore. You've helped me a lot Sir Brian! Imagine I invested $50,000 and received $190,500 after 14 days

    • @ufuksenol2005
      @ufuksenol2005 หลายเดือนก่อน +1

      Very possible! especially at this moment. Profits can be made in many different ways, but such intricate transactions should only be handled by seasoned market professionals.

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      @PineHosting หลายเดือนก่อน

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      @icucmerc หลายเดือนก่อน

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    • @MA-KEJointVenture
      @MA-KEJointVenture หลายเดือนก่อน

      Brian demonstrates an excellent understanding of market trends, making well informed decisions that leads to consistent profit

  • @nicholasbaker8158
    @nicholasbaker8158 หลายเดือนก่อน +5

    Forget the home owners, if inflation targets are not achieved, keep the rates high.
    This is the job of the BOC.

    • @michael2275
      @michael2275 หลายเดือนก่อน +1

      100%

  • @chris14091975
    @chris14091975 หลายเดือนก่อน +3

    the first job of the B of C is not to prevent a recession at the expense of inflation (printing money), it is reducing inflation. This is a horrible analysis

  • @leeeduncan
    @leeeduncan หลายเดือนก่อน

    Rate cuts to delay inevitable.. we're already in a recession but it's going to get worse.

  • @zomgoose
    @zomgoose หลายเดือนก่อน +1

    Bankster wants Rate Cuts... No Surprise ..

  • @jay1645
    @jay1645 หลายเดือนก่อน

    How about going after corps for shrinkflation, price gouging etc while cutting rates .. fine them and not make it a joke like the Loblaw fine lol

  • @jamesleblanc4066
    @jamesleblanc4066 หลายเดือนก่อน

    It's good for the borrower and the rich, i can't see it's helpful for me in any way. I've never experienced anything like this in my 59 years.

  • @murrat
    @murrat หลายเดือนก่อน +7

    So I'm bailing out the people who have big mortgages? This is bad news. Rates are not high enough and the municipalities have too much red tape. The great reset will hopefully eliminate some of these problems until it's a problem again.

    • @argeldelacruz9545
      @argeldelacruz9545 หลายเดือนก่อน

      The average house in Canada is 900k everyone has a big mortgage dumbass!

    • @MM-xg2td
      @MM-xg2td หลายเดือนก่อน +1

      How are you bailing out mortgages ?

    • @murrat
      @murrat หลายเดือนก่อน

      @@MM-xg2td It's my understanding that when the feds reduce taxes, reduce interest rates, and or print money to help the people suffering from these huge mortgages or prop up the stock market, the dollars spending power is reduced. I consider this a hidden bailout.

    • @MM-xg2td
      @MM-xg2td หลายเดือนก่อน

      @@murrat And what do you think would happen if 2 million people defaulted on their house and declared bankruptcy ? You know that the CHMC is a Federal crown corporation ? Therefore the money they lose its passed own to the Canadian population so either way you take it you will pay.

    • @murrat
      @murrat หลายเดือนก่อน

      @@MM-xg2td Shit hits the fan and we all suffer now rather than latter. Either way we are F*cked.

  • @user-xt4qk9yt3k
    @user-xt4qk9yt3k หลายเดือนก่อน

    It's understandable to feel concerned about the impact of high prices on your retirement plan, especially with the current economic uncertainties. Here are some insights to help address your worries

    • @AnissaT.Roller
      @AnissaT.Roller หลายเดือนก่อน

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    • @LoriR.Wilson-uo8sh
      @LoriR.Wilson-uo8sh หลายเดือนก่อน

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      @DavidJ.Knecht หลายเดือนก่อน

      Kindly share the details for reaching your advisor. With inflation negatively affecting my funds, I'm in search of a more lucrative investment strategy to optimize their performance.

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      @LoriR.Wilson-uo8sh หลายเดือนก่อน

      Deborah Lynn Dilling is the licensed advisor I use.Just research the name. You'd find necessary details to work with to set up an appointment

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      @RichardK.Turner หลายเดือนก่อน

      She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.

  • @martinroncetti4134
    @martinroncetti4134 หลายเดือนก่อน

    Too late…

  • @Doug-zl8nb
    @Doug-zl8nb หลายเดือนก่อน +5

    Jobs go to governments new cousins

  • @jay1645
    @jay1645 หลายเดือนก่อน

    GDP has been 0-0.2% from Nov '23 so 1% is really optimistic lol .. rates need to go down to -0.5% lol