Economy could handle another 25-50 bps in rate hikes, but market volatility would jump: Schenker

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  • เผยแพร่เมื่อ 24 เม.ย. 2024
  • As U.S. GDP slowed more than expected in the first quarter Jason Schenker, president of Prestige Economics says investors should be prepared for interest rates to remain elevated for some time.
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ความคิดเห็น • 37

  • @ron.mexico.
    @ron.mexico. 19 วันที่ผ่านมา +18

    You know what fixes all of this? A big ol’ recession

  • @CoweatsCow
    @CoweatsCow 19 วันที่ผ่านมา +12

    Canada needs another 25-50 bps hike. Look at what happened to Japan when Bank of Japan shows no resolve. More people need to deleverage.

  • @Lilblaisy23
    @Lilblaisy23 19 วันที่ผ่านมา +11

    Why do all these financial advisors and economists act like this is a normal economy? lol raise interest rates people will default. Lower interest rates and inflation rises putting people in more debt. Damned if you do damned if you don’t. The economy needs a reset or a major depression.

  • @InterestbearingCBDC
    @InterestbearingCBDC 18 วันที่ผ่านมา +8

    Thank god, rate hikes are back in the picture. Higher for longer is here baby

  • @georgehiotis
    @georgehiotis 19 วันที่ผ่านมา +4

    Finally, someone is on the ball. Mr. Schenker's outlook is spot on.

  • @JessT-vg7ib
    @JessT-vg7ib 18 วันที่ผ่านมา +4

    I hope it does go up another 50 bps. Canada desperately needs it.

    • @gamerstv2444
      @gamerstv2444 15 วันที่ผ่านมา

      He is talking about US .not Canada.

    • @JessT-vg7ib
      @JessT-vg7ib 15 วันที่ผ่านมา

      @@gamerstv2444 I wish it was Canada.

    • @gamerstv2444
      @gamerstv2444 15 วันที่ผ่านมา

      @JessT-vg7ib with 25-30 years mortgages US consumers are not concerned with the rate hikes.canada is already in technical recession and with high unemployment rates.there is 55% chance for a rate cut in june

    • @JessT-vg7ib
      @JessT-vg7ib 15 วันที่ผ่านมา

      @@gamerstv2444 Where did you get this 55% from?

    • @gamerstv2444
      @gamerstv2444 14 วันที่ผ่านมา

      @JessT-vg7ib That's what the economists predicted.

  • @hersdera
    @hersdera 17 วันที่ผ่านมา +27

    I see the rising interest rate as a very big problem, as more investors will definitely pull out more money from the Stock market. This might have worked when I was still invest-ing with a couple thousand dollars, but it is more difficult now to decide whether to pull out more than $365k from my port-folio. I know some inves-tors still make that despite the strong bear market. In wish I could pull that feat

    • @Michaelparker12
      @Michaelparker12 17 วันที่ผ่านมา

      I think the whole thing about holding stocks for long term will always apply. So I think you should get a quality broker who is able to analyze and pick stocks that will do well in the long term, else you will be in a long bear ride.

    • @KarenLavia
      @KarenLavia 17 วันที่ผ่านมา

      You have a very valid point, I started investing on my own and for a long time, the market was really ripping me off. I decided to hire a broker, even though I was skeptical at first, and I beat the market by more than 9%. I thought it was a fluke until it happened two years in a row, and so I’ve been sticking to investing via an analyst.

    • @ScottKindle-bk3hx
      @ScottKindle-bk3hx 17 วันที่ผ่านมา

      This sound interesting. I’m not really one to use pro analysts, but I guess it would not hurt to try one. My portfolio is in the red waters right now

    • @KarenLavia
      @KarenLavia 17 วันที่ผ่านมา

      Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Melissa Terri Swayne” for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.

    • @EddyAgnes-vy4kp
      @EddyAgnes-vy4kp 17 วันที่ผ่านมา

      Thank you for this tip. It was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her resume.

  • @curtis1397
    @curtis1397 19 วันที่ผ่านมา +5

    Let the printing begin

  • @danawc5595
    @danawc5595 19 วันที่ผ่านมา +2

    The gov has no clue if they are going left or right. OUT TO LUNCH

  • @radearpurba3589
    @radearpurba3589 15 วันที่ผ่านมา

    Thank you for sharing this news 🤔😢😢😔🙏🏻

  • @abudhabimx
    @abudhabimx 18 วันที่ผ่านมา +4

    This economy is fucked due to Trudeau and his massive increase to immigration. High priced homes and low supply of new home, let alone affordable new homes. Speaking with a company owner in the residential home construction in Vancouver the other day. I asked if he was busy and he stated No! what why? He said to many projects are on hold due to waiting for interest rates to lower. This is going to be a long road to what things were like just many years ago.

    • @murraytown4
      @murraytown4 18 วันที่ผ่านมา

      This video is the US.

  • @marihutten
    @marihutten 18 วันที่ผ่านมา +3

    "People making more money than they ever made"
    Maybe you investor people talking on the subject, normal people are struggling even working two jobs, definitely not "the most money they've ever made" .

  • @perryg5500
    @perryg5500 18 วันที่ผ่านมา +1

    GDP is a useless number as it includes government spending which makes the number look good, but does nothing for the economy other than increase debt and taxes. Wake up people.

  • @sric8770
    @sric8770 18 วันที่ผ่านมา +4

    He is talking about USA not Canada

    • @SmilingBakedBaguette
      @SmilingBakedBaguette 18 วันที่ผ่านมา +4

      He's talking about the USA which directly impacts Canada

    • @tonyfulford3175
      @tonyfulford3175 18 วันที่ผ่านมา +1

      @@SmilingBakedBaguette Not at this point. Justin has finally put the nail in the coffin, of what once was a great country. We are hard boiled at this point.

  • @dougiep2769
    @dougiep2769 19 วันที่ผ่านมา +1

    Sure. How about another 5 and somone might have some faith in t bills

  • @rishi505
    @rishi505 18 วันที่ผ่านมา +1

    Justin T Need to resign

  • @MangoFlamingo
    @MangoFlamingo 18 วันที่ผ่านมา +1

    Rate cut is coming soon since 2022 lol

  • @ZDALI14
    @ZDALI14 16 วันที่ผ่านมา

    Please!!!!

  • @joaquinzannchez3184
    @joaquinzannchez3184 18 วันที่ผ่านมา

    2:42 of coourse you think that, you work for these company jacking prices up.

  • @christopherrichardwadedett4100
    @christopherrichardwadedett4100 19 วันที่ผ่านมา +3

    Print baby, print! Feed the war machines!

  • @gord1527
    @gord1527 16 วันที่ผ่านมา

    Petro loonie anyone???

  • @othaVada
    @othaVada 16 วันที่ผ่านมา +1

    Interest rates have to go way up.