The reason to drop interest rates (at any time) means the economy is doing terrible... otherwise you wouldn't need to!
@titledprince
Ай бұрын
almost as if they raised interest rates to achieve that outcome
@lynb1022
Ай бұрын
@@titledprince almost as if they lowered rates to ridiculous levels in the first place, without regulating how excessive borrowing could be used, expecting the current outcomes.
@parkerbohnn
Ай бұрын
The economy is doing terrible because interest rates have been too low since 1990 or 1981. Japan destroyed their entire country with 30 years of zero interest rates policy and now they finally figured it out and are raising interest rates as the Yen implodes.
@forzanerazzurri2339
Ай бұрын
1% GDP growth. And that's with a million new replacements coming in every year. What a country.
@jasperalberts7647
Ай бұрын
There will be 8 cars in every lawn/driveway and you will like it.
@lotfimellah4032
Ай бұрын
RUN FAST TO THE US: THE ECONOMIC POWERHOUSE
@speedyfeint
Ай бұрын
a country run by a freaking part time drama teacher... what the f did you expect?
@ericyuan9718
Ай бұрын
@@jasperalberts7647 I got a sneak peak of the bug recipes Trudeau has cooked up, he called it the Davos special.
@VancouverVince
Ай бұрын
They brought in all those people, look at the worker-to-retiree ratio in 1984 and 2024. Canada needs millions of young people 😂😂😂
@jasperalberts7647
Ай бұрын
I almost forgot how 0% inflation (originally defined as excess money supply but then redefined as the current/downstream symptomatic “prices”) is “bad” for the consumer until I remembered that we exist in a fractional reserve lending paradigm where the house of cards collapses unless new debt is issued to extinguish older debt
@forzanerazzurri2339
Ай бұрын
Bingo
@Nazkull
Ай бұрын
Completely agree with you. 0% inflation is GREAT !!
@ErnestZDodson
Ай бұрын
That's nonsense. Inflation will never drop to zero in Canada, and 4.5% is already considered low. Borrowing comes with costs! This person clearly doesn't do grocery shopping or car repairs to understand how expensive things are right now.
@ElvisSirinBo
Ай бұрын
I prefer inflation rates of 3-4% over 0-1%. Higher inflation encourages new business development and economic growth, which are essential for a healthy economy.
@Victoria-io7qb
Ай бұрын
One lesson I've learnt from billionaires is to always put your money to work, and diversifying your investments. I'm planning to invest about $200k of my savings in stocks this year, and I hope I make profits.
@SbcCompany-h1w
Ай бұрын
You are right. The best approach I feel is to diversify investments- by spreading investments across different asset classes like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown.
@Dawnjohnston-c3
Ай бұрын
@@Victoria-io7qb I really want to get in with a financial advisor this year, especially as all markets are hitting highs. I don't want to be too optimistic and end up losing everything.
@Victoria-io7qb
Ай бұрын
'MARGARET ELLEN WHITLOCK' is the licensed advisor I use. Just research the name. You’d find necessary details to work with to set up an appointment.
@masterstacks2030
Ай бұрын
Telling me you're holding long duration bonds without telling me you're holding long duration bonds.
@Azel247
Ай бұрын
We're still waiting on the flood of mortgage renewals from the people who took out 5 year fixed terms during 2020-2021 housing boom. I don't think the interest rate effects will be fully realized until that occurs.
@Plumber60423
Ай бұрын
Thats the reason why they are lowering rates. It’ll be 2.75 by dec 2025
@steveunderhill5935
Ай бұрын
@@Plumber60423agree w necessity but get a good laugh that your target is the same as the boc projected target based on supply backlogs. Aka hot air
@Plumber60423
Ай бұрын
@@steveunderhill5935 Lol some economist think it can be as low as 1.75% . @ 4.5% im already cash flow positive $10 a month @ 2.75 id be $410
@adrianasher1457
Ай бұрын
How will it be 0% inflation as we import inflation as our $ drops
@GreenBeanGreenBean
Ай бұрын
CAD usually goes up when US cuts rates triggering faster economies
@mr-of4kd
Ай бұрын
Even if they cut .25 for 10 times, definitely no growth.
@chris14091975
Ай бұрын
rosenberg feels that 4.5% is too high with a zero supply housing market. when we hit 2% inflation, then they can lower it.
@stephenr6194
Ай бұрын
That’s is BS inflation will never go Zero in Canada LOL and 4.5% is already low…borrowing has cost! this guy never do grocery shop and fix his car how expensive it is right now!
@Rickielol
Ай бұрын
Governmental calculation “inflation” is different from the reality we everyday people experience. This was laid out in the books they the government is allowed to manipulate variables in the equation in order to produce a more “accurate” number for the narratives. If you ask me, my overall household expensive have more than tripled in the past 5 years. That’s 300% overall, and I laugh every time I hear 2.7%-2.9% 🤣
@Rickielol
Ай бұрын
Also my friend who was born and raised in Burlington Ontario made the decision of moving to the UAE 5 years ago, he came back for a short visit just this past 2 weeks. When he saw the prices of everything, it was safe to say his jaw not only fell to the floor but also dug itself a few feet deeper in denial.
@soundsofnature2962
Ай бұрын
Agreed.
@mikebowers7719
Ай бұрын
Leave rates AS IS.There is NO reason to lower rates , the housing sector needs to implode and let the chips fall as they may.
@adrianasher1457
Ай бұрын
Rosenberg = bag holder
@APICSKH
Ай бұрын
Probably invested in Canadian looser equities 😂
@parkerbohnn
Ай бұрын
@@APICSKH It's common knowledge the U.S. stock market is the most overvalued ever on record and when it finally implodes it will affect most of the worldwide stock markets like the TSX.
@APICSKH
Ай бұрын
@@parkerbohnn I don’t consider it over valued. I would love to invest in TSX but not in monopolies of banks, telecommunications, government funded airlines. You exactly know what I mean with one exception of shopify. Got burnt with Nortel, BB, and now afraid to loose my shirt in TD and all other banks. Least I say the best.
@Joshua-zw7jl
Ай бұрын
Your guest saying Canada is going back to the low rates is simply wrong. Unless the BoC is designing this economic crisis, that would be the worst decision ever. Free money is a terrible idea.
@bigsid3011
Ай бұрын
A lot of people are going to get hurt by Tiff's dithering and Justin's spending.
@nicholasbaker8158
Ай бұрын
Nope, no cuts should be made until inflation is resolved.
@user-vi8ci2bi6b
Ай бұрын
I agree. With the enormity of the inflation that has happened over the last 5 years, it will be impossible for the average joe to just absorb it going forward. A certain amount of deflation is required at this point. Or big raises for everyone, but we know that's not going to happen because it would mean a 50c loonie.
@Michael-pg7rv
Ай бұрын
It takes 12-18 months for interest changes to make it fully through an economy. You need to be proactive and not reactive.
@nicholasbaker8158
Ай бұрын
@@Michael-pg7rv Jumping the gun on rate cuts (currently), is just putting us back into high inflation and causing reactionary adjustments. These cuts are the BOC last ditch effort to try and recover some revenue before the floor falls and we are in full-fledged recession.
@user-vi8ci2bi6b
Ай бұрын
@@nicholasbaker8158 at this time, I don't see the bond market co-operating to the point where lower BOC rate would translate to equal lower fixed rate mortgages anyway. One thing that is proactive are the markets that support the CAD. It's going down, and will continue to do so in anticipation of 2 more cuts that seem to be a certainty. By Christmas when the local Canadian harvest has come and gone, food inflation will come back in full force. People don't see it right now so they sweep it under the rug until it happens.
@parkerbohnn
Ай бұрын
It will never be resolved as the Canadian dollar plummets with runway inflation right around the corner.
@JinglesforJesus
Ай бұрын
Rate cuts ==> Weaker CDN $ ==> Higher inflation
@parkerbohnn
Ай бұрын
Which leads to runaway inflation then hyperinflation.
@henryhonda8408
Ай бұрын
you gotta do what you gotta do when you have a drama teacher running our country. 😢😭
@Michael-pg7rv
Ай бұрын
Why is it that the BoC and other central banks for that matter always stick to 0.25% intervals. Why not 3 rate cuts 0.35% + 0.35% +0.3% to get a total of 1% in cuts over 3 meetings.
@ajaxstone
Ай бұрын
Tradition. Decades ago, even stock prices were quoted in 1/8th dollar increments.
@mikebowers7719
Ай бұрын
READ MY LIPS,NO CUTS!!!!!!! 🙂
@beevee24
Ай бұрын
Tiff Macklem is an imposter. He told every one to get variable rate mortgages, then overreacted with rate increases, and we are all now paying for it.
@TK-lv5ff
Ай бұрын
"He told every one to get variable rate mortgages", is that right eh?
@henryhonda8408
Ай бұрын
The real imposter is the joker we have in Ottawa........ what a disgrace to this country!
@shiftyrazzy
Ай бұрын
Rosenberg is a boss and has been calling it out for months now. This guy is gold.
@grabbingbythe12345
Ай бұрын
This guy is a scam!
@priuss6109
Ай бұрын
One tool praising another tool 😂😂😂😂😂😂
@henryhonda8408
Ай бұрын
@@priuss6109 the REAL tool is in Ottawa.
@Finding-Fish
Ай бұрын
KEEP CUTTING, DOWN GOES THE Canadian $$$$$$ Causing Even More Inflation
@parkerbohnn
Ай бұрын
Once the currency goes the country goes.
@henryhonda8408
Ай бұрын
We'll take our chances!
@titledprince
Ай бұрын
I would rather have inflation at 3-4 than at 0-1. Country needs to promote new businesses and growth
@justtruth6812
Ай бұрын
Always Great to hear this both gentlemen, what they said last year was all make sense now.
@parkerbohnn
Ай бұрын
Annual wage gains are coming in at 5.1 percent. The Bank of Canada rate must be higher than that 5.1 percent or this will lead to a wage price spiral and double digit inflation.
@eddobond76
Ай бұрын
Are you sure it's 5.1%, what's the unemployment rate then?
@stephenr6194
Ай бұрын
If the so called experts or financial advisors have the side job as a house flipper or multiple mortgage holder they shouldn’t be here for interview!
@kamenidriss
Ай бұрын
Where were all those people.calling for rates to stay the same or higher now?
@Dannette-j6t
Ай бұрын
After watching ur vdos here I couldn't sleep whole night... You're so generous with sharing your knowledge in trading. I firmly believe I can be financially free by learning from you. Looking forward to trade with you. Unlimited love and respect from my side..️️️
@ougmass
Ай бұрын
Close down the Bank of Canada
@ChrisMCP2
Ай бұрын
Cut it by 1 %
@jay1645
Ай бұрын
GDP has been 0-0.2% from Nov '23 so 1% is really optimistic lol .. rates need to go down to -0.5% lol
@JessT-vg7ib
Ай бұрын
We need negative interest rates.
@freemindcanada9319
Ай бұрын
that would just cause a pump and more expensive assets... good for the investor.. bad for the home owner and farmer
@parkerbohnn
Ай бұрын
Negative interest rates destroyed all of Europe and destroyed the entire banking system there. It also made everyone there poor or poorer as they couldn't earn any rate of interest on their money.
@TookAHikeNowWhat
Ай бұрын
Need to hold so we can see some price corrections; this needs tome to wogk. Dropping now essentially bails out a bunch of inflated asset owners.
@ArturPoghosyan-fq7qn
Ай бұрын
What an idiot..
@larchdental
Ай бұрын
Yes, and you will lose your job too. Wake up and smell the coffee, you won't see prices of eggs, bread, milk going back to the prices in the last century. Assets are not inflated, it's inflated because the money printing machine was on and the price just readjusted itself.
@TookAHikeNowWhat
Ай бұрын
@@larchdental Personally my job is secure for a bunch of years (fully funded health-tech startup); I hope it can last past this recession phase.
@shaneatkinsonsa
Ай бұрын
@@larchdental although I agree with your comment but when the average person can not make those payments with the increased interest rates. Assets will have no where to go but down.
@waffles6548smile
Ай бұрын
Surprise surprise. Behind the drag curve as usual Bank of Canada
@jean-michelnadeau5447
Ай бұрын
Boomers wants to kick the can
@obesia1873
Ай бұрын
John is my celebrity free pass just putting it out there. I could have picked Chris Hemsworth or Hugh Jackson but no it's John for me. Also please not another financial crisis :O
@Ynalaw
Ай бұрын
What gives me a bone is if the Chinese would sprinkle a little stimulus spending. I can't wait for the copper price to go erect.
@parkerbohnn
Ай бұрын
That would just sink an already falling Yuan meaning no there would be no one to buy Vancouver real estate.
@sdavidleigh6642
Ай бұрын
Big recession hitting, everyone can pony and get a second cottage... not.
@jimmyhat3438
Ай бұрын
This guy dropped the ball on this one, what a pair of muppets
@leinad5243
Ай бұрын
Howbout oil shock..stagflushin
@bc5810
Ай бұрын
Not going to solve the larger systemic issues in our economy. Government policy and hostility to business and home ownership is at the core of this.
@shsal110
Ай бұрын
The govt is NOT hostile to homeownership. It is precisely because they encourage investors/ speculators to enter the market that people are priced out. You could I stead say they are hostile to homebuilding, which is the only true long term solution
@spiderjerusalem6887
Ай бұрын
@@shsal110 it's hostile to home ownership to over inflate the demand side of the equation
@RahulPatel-xd8qm
Ай бұрын
We need inflation to go anyway 0 or negative
@forzanerazzurri2339
Ай бұрын
Inflation going to zero is great. Negative is even better.
@Michael-pg7rv
Ай бұрын
The economy would completely collapse and you won't have a job.
@obesia1873
Ай бұрын
That's extremely naive. It means unemployment in the tens and far more human misery than what inflation causes.
@shaneatkinsonsa
Ай бұрын
@@obesia1873 except for the financially responsible people. It's insane that people have made their wealth off of holding assets and over leveraging themselves.
@forzanerazzurri2339
Ай бұрын
Under free market capitalism goods and services should decline in price not increase. The 2% inflation target you people are all brainwashed with was put in place to facilitate a fake fiat currency and to inflate away endless government deficits.
@obesia1873
Ай бұрын
@@shaneatkinsonsa It's not over leveraging if a bank believe it's worth lending you the money ... It means the investment project is deemed safe enough from a bank's perspective. You just sound jealous.
@JonathanRogler
Ай бұрын
Says bag holder investor
@Michael-pg7rv
Ай бұрын
😂
@grabbingbythe12345
Ай бұрын
The neutral rate should be around 5%
@ArturPoghosyan-fq7qn
Ай бұрын
What an idiot
@GM4ThePeople
Ай бұрын
Leave Rosie aloone!! o/
@miralev7396
Ай бұрын
Brilliant. Great conversation
@drblaze3850
Ай бұрын
Someday Rosie will be right
@zmumtaz
Ай бұрын
He is right. Just becuase newspaper headlines don't state it doesn't mean it's happening. You are already in a recession
@desperado914
Ай бұрын
What a genius,smh
@rh3108
Ай бұрын
Rosenberg is so redundant and predictable. One of the few pundits you can replace with automation/ai
@VancouverVince
Ай бұрын
Don't worry PP is on the case😂😂😂
@darcymercer2809
Ай бұрын
2.5 %! Lets goooooooo!!!
@priuss6109
Ай бұрын
This tool needs to retire
@user-jc2es4mx5f
Ай бұрын
The BoC unprofessionalism and dependence on Communist regime in this country has already ruined Canadian economy. I guess that was Justin's plan, the one he gets paid to implement by WEF.
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