BoC needs to keep cutting rates: Rosenberg
2,496
Published 2024-07-30
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All Comments (21)
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The reason to drop interest rates (at any time) means the economy is doing terrible... otherwise you wouldn't need to!
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1% GDP growth. And that's with a million new replacements coming in every year. What a country.
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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
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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!
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How will it be 0% inflation as we import inflation as our $ drops
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Inflation going to zero is great. Negative is even better.
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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.
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Rosenberg = bag holder
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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.
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Rosenberg is a boss and has been calling it out for months now. This guy is gold.
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Nope, no cuts should be made until inflation is resolved.
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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.
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Leave Rosie aloone!! o/
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We need negative interest rates.
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The neutral rate should be around 5%
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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.
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Someday Rosie will be right
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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.
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Says bag holder investor
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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.
