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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You know what fixes all of this? A big ol’ recession
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.
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.
Thank god, rate hikes are back in the picture. Higher for longer is here baby
🎯
Finally, someone is on the ball. Mr. Schenker's outlook is spot on.
I hope it does go up another 50 bps. Canada desperately needs it.
He is talking about US .not Canada.
@@gamerstv2444 I wish it was Canada.
@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
@@gamerstv2444 Where did you get this 55% from?
@JessT-vg7ib That's what the economists predicted.
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
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.
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.
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
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.
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.
Let the printing begin
The gov has no clue if they are going left or right. OUT TO LUNCH
Thank you for sharing this news 🤔😢😢😔🙏🏻
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.
This video is the US.
"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" .
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.
He is talking about USA not Canada
He's talking about the USA which directly impacts Canada
@@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.
Sure. How about another 5 and somone might have some faith in t bills
Justin T Need to resign
Rate cut is coming soon since 2022 lol
Please!!!!
2:42 of coourse you think that, you work for these company jacking prices up.
Print baby, print! Feed the war machines!
Petro loonie anyone???
Interest rates have to go way up.