Bank for International Settlements says Canada is showing early warning signs of financial crisis | Financial PostEconomics | 207292 hits | Mar 06 8:11 pm | Posted by: shockedcanadian Commentsview comments in forum Page 1 You need to be a member of CKA and be logged into the site, to comment on news. |
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Interest rates have been depressed for a decade, they will eventually have to rise...and the Piper will be waiting...
It's also not coincidence that the Bank of Canada has been warning us of mounting personal debt. I lived through the 1980's, with interest rates in the teens. My Dad complained that his mortgage payment went from $78 to $81 a month!
Now I look, and you couldn't buy that same house for less than $2k a month.
Interest rates have been depressed for a decade, they will eventually have to rise...and the Piper will be waiting...
That sounds like the trigger/sear on a rifle. A depressed or negative trigger arm to sear engagement could cause a slam fire. Interest rates are not like that.
Interest rates have been depressed for a decade, they will eventually have to rise...and the Piper will be waiting...
It's also not coincidence that the Bank of Canada has been warning us of mounting personal debt. I lived through the 1980's, with interest rates in the teens. My Dad complained that his mortgage payment went from $78 to $81 a month!
Now I look, and you couldn't buy that same house for less than $2k a month.
When I bought my house (18 000$) in the 80s, the interest rate was 12.5%... the next year it was 18.5%.
I remember that the older people with savings started complaining when the rates went back down again.