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Santa is coming...



Three articles, two by the same person, Tiff Maklem, ya right... what does he know... and one, a private investment company. And it proves the point I have been trying to express...


Nobody really knows what the hell will happen...


Inflation is easing this is true, so the damage inflicted upon the Canadian Economy, is doing its job, and in fact the 3rd writer believes we are already in recession. The Economy is weakening and the only thing holding us together is the fact that we have not seen massive bankruptcies, and forclosures, but Tiff doesn't see anything happening for another year, end of 2025 he says, meaning rates will stay put until then. And in a heart beat, no sorry, end of 2024, my this tune changed quickly? In other words, your just guessing aren't you ? But if you extend the economic picture and measure the words carefully...


Macklem forecast the next two to three quarters will be difficult for many. He said consumers will continue to hold back spending, businesses will see weak demand and employment will probably grow more slowly in the labour force. That means the unemployment rate will likely increase further.


But lets not even talk about rate cuts... for now. But they will happen, that we can be sure of. Which means rate hikes are off the table, and bonds will benafit for the next couple of quarters. To get back to normal, we need to feel some pain as a cosumer and investor, so be prepared for it. Come on, its Christmas, no bad news... Santa is coming to save us all... right?



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