BoC must ease more to get policy back to neutral: Rosenberg
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- čas přidán 7. 09. 2024
- David Rosenberg, founder and president at Rosenberg Research, joins BNN Bloomberg to share his outlook for Canadian economy after second rate cut.
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"Excess supply" is a nicer way to describe recession.
Tighten the spending...
Recession is wishful thinking
😂😂😂
Yes! Spot on. When you ask around, everyone is suffering and it’s a sentiment of a recession
Try complete economic collapse and civil unrest.
Excess supply my ass. I can’t go to a home showing without 100 others the same day.
We are not paying the price of rapidly rising interest rate in the past two years. We are paying the price of ultra low interest rates in all those years prior to that. Never have so many harebrained ideas being spewed out with so much confidence than when you hear an economist talk.
That`s BULLSHIT ... : we paying for STUPID WORLD GOVERNEMENT who chosen to CLOSE everithing almost everywhere in the world for 2 years... THE BIGGEST whealt transfert in humain history... eliminate the MIDDLE CLASS... And what make my laught so hard is : all the self pretend ``RICH`` who think they are rich and know how the economic system work... THIS economic system work like this : LIKE THEY WANT. If peoples think have 10 millions dollard you are rich : NO. World of tomorow they want peoples poor and SLAVE. ONLY the MEGA rich will run the world... like always, but WITHOUT any discretion... Because to be rich it`s not how much you have ... it`s how much MORE you have than other. And after that ; goodbye peacefull and security civilisation... The moneay market is SLAVERY .ILLUSION. PAPER. Like a dog who walk himself with is leash...
So your solution is to create more debt by lowering interest rate to 2%?😮
Thousands of construction jobs have already been lost because of canceled projects. Low presales means many projects won’t get built leading to mass layoffs in the construction industry and its suppliers.
And if I get laid off I'm never going back. Tired of being abused
Justin T is the worse PM of Canada.
Unlimited refugees and international students results in Home crisis, Unemployment and an Increase in CRIME.
LIBERALS are loosers
This contributor is spot on! When it comes to the real problem, we should be talking about HOUSE HOLD BALANCE SHEET first and foremost!
Anytime someone over pays we shouldn’t bail them out. It needs to fall
What happened to the housing shortage and building 1.5 million homes for investors, I mean Canadians? Our provincal and fed. governmemrs are scary.
The rate cut Cheer leaders are working so hard today and two cut is not enough and ask for more we still in very high inflation go shop around go fix your car open your mailbox see all the bills is double or triple!
Wait till you lose your job
@@da_revo5747 high prices are here to stay. HighER prices are not meaning inflation is minimal. High price does not equal high inflation
High prices doesn't necessarily mean high inflation. Track year over year corproate revenue, and I can promise you they are seeing record high profits. Once the prices go up, they don't come down because inflation has gone down. Your grocery bill will always be this bad from here on in.
WE need rates to go back to under 3% asap
Rates have to come down, but the problem is REAL inflation is still high. Rates never went up high enough to curb inflation.
We are headed for a very bad ending.
Central Banks over-reacted? You don't say... Lol
What about the stress test?
This contributor is genius! When it cones to the real problem, many a Canadian is behaving like the ostrich!
While everything has doubled or increased more than double from the pre-COVID price except for the real estate market, I cannot believe that inflation has decreased from 8% to 2.7%.
Inflation was caused by stimulus checks handed out by the US and Canadian government. It was in the hundreds of billions…. Low interest rates allowed people to qualify for mortgages.
learn the difference between deflation and disinflation. The prices have gone up - they aren't going to go down unless we go through deflation... that isn't likely to happen. So we are left now with smaller increases in current prices
@@stephen9609exactly. Most of the population and people in the comments don't know the difference between prices that have gone up to prices that are continuing to go up (inflation)
Are you stating that the prices have gone up and will never return to previous prices, but the inflation rate can reduce to the original level?
A good example of this is the decrease in housing prices which is due to the affordability of housing. Politicians are always talking about the need to lower housing prices, but there is already evidence that this is happening.
A downturn in the housing market is detrimental to the Canadian economy and the assets of hardworking citizens, as many home owners are going bankrupt after selling their homes at a loss. In the event that they decide to sell their homes, they may lose hundreds of thousands of dollars. However, if they decide to keep their homes, their mortgage payments are excessive. How do you see the future of the housing market in the GTA?
Tiff Macklem = Incompetent
Counterfeiting (printing money) and price fixing (setting interest rates)
is a hall mark of the failure of Keynesian economics.
We've basically been in a recession since 2008
Pardon me for interrupting your circle of jerks here but uh, "must"?
Who said the people who need drastically lower home prices want normal yet?
I have heard only the wealthy whine about their capital gains.
How about banning tipping, pay your employees instead.
The problem: our dollar has been devalued each year since 1971 when the then President of the USA, Nixon, severed the link between the dollar (USD) and gold. Both the US and Canadian governments since then have been spending deficits.
Today a dollar is worth about three cents compared with the 1971 dollar, a factor of thirty times. So, we are buying anything with devalued dollars. That explains why a little bungalow near Montreal could be bought for $10,000.00? in 1971 but today would sell for thirty times that, or $300,000.00 !! or, thirty times.
Salaries have lagged hopelessly. We replace all that loss with debt.
Now, can someone comment please?
Hold the line.........
Let's listen to this guy, scary things are heading to us. We are just sitting on the rails and watching the economic hardship train heading to us
We may not need this guy to tell us the worst is yet to come...
Tiff originally was in the driver seat when he told everyone that rates are not coming down and to purchase. With sin a few months the same "person". Starts raising the rates.
Why does he still have a job?. Why should he have even stated an opinion that placed so many people in difficult positions.
But instill can't fault Tiff, because thisnisnthe same population (Canadians) that voted justin trudeau back into office. Canada. You made your sandwich, now eat it.
We are in a recession!
1000% I'm sick and tired of the lies and deception
Shelter Inflation is the opposing force pushing inflation up as per BoC.
I thought Dr Doom was another guy with a thick Italian accent.
Tell me you know nothing about inflation... inflation is 2.7.. who cares about anything else...why we lowering interest rates. Rosenberg must have mortage renewal coming up soon. Inflation over 2 years is over 9% now.
Lower interest rate that will decrease all operational costs on business. ..Reflecting on consumer price.
hyperinflation lets go
Bank of Canada 4.5% today. We are on the right track💪Haters: It's too late, cutting rates. They should go to 0%. 😂Housing crisis is coming😅 If not cutting the rates: They are killing the economy😂
Listening to Rosenberg talk is exhausting. This guy has called for 10 of the last two recessions. Can we get some investment ideas? Can we get some ways to make money or is this guy Just gonna sit on the panel for 10 minutes and talk about how the sky is falling? Chicken Little please help us make some money. Or better yet show us your returns. What is the point of this?
why interrupt the guest? Let him finish..
The BOC should have never raised interest rates!