CKA Forums
Login 
canadian forums
bottom
 
 
Canadian Forums

Author Topic Options
Offline
CKA Uber
CKA Uber
 Vancouver Canucks
User avatar
Profile
Posts: 29968
PostPosted: Mon Mar 06, 2017 9:12 pm
 


Title: Bank for International Settlements says Canada is showing early warning signs of financial crisis | Financial Post
Category: Economics
Posted By: shockedcanadian
Date: 2017-03-06 20:11:53
Canadian


Offline
CKA Elite
CKA Elite
Profile
Posts: 3164
PostPosted: Mon Mar 06, 2017 9:12 pm
 


Interest rates have been depressed for a decade, they will eventually have to rise...and the Piper will be waiting...


Offline
CKA Moderator
CKA Moderator
User avatar
Profile
Posts: 43103
PostPosted: Tue Mar 07, 2017 6:10 am
 


shockedcanadian shockedcanadian:
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! 8O

Now I look, and you couldn't buy that same house for less than $2k a month.


Offline
CKA Uber
CKA Uber
Profile
Posts: 12349
PostPosted: Tue Mar 07, 2017 7:35 am
 


+


Last edited by Lemmy on Fri Apr 28, 2017 11:15 am, edited 1 time in total.

Offline
CKA Moderator
CKA Moderator
User avatar
Profile
Posts: 43103
PostPosted: Tue Mar 07, 2017 7:42 am
 


They just need a little Depakote to get them right again. ;)


Offline
CKA Uber
CKA Uber
 Toronto Maple Leafs


GROUP_AVATAR
User avatar
Profile
Posts: 12361
PostPosted: Tue Mar 07, 2017 9:13 am
 


shockedcanadian shockedcanadian:
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. :wink:


Offline
CKA Uber
CKA Uber
 Montreal Canadiens
User avatar
Profile
Posts: 33377
PostPosted: Tue Mar 07, 2017 3:04 pm
 


DrCaleb DrCaleb:
shockedcanadian shockedcanadian:
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! 8O

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%. :lol:

I remember that the older people with savings started complaining when the rates went back down again.


Post new topic  Reply to topic  [ 7 posts ] 



Who is online

Users browsing this forum: No registered users and 18 guests




 
     
All logos and trademarks in this site are property of their respective owner.
The comments are property of their posters, all the rest © Canadaka.net. Powered by © phpBB.