Post by
mouserman on Sep 23, 2021 10:46am
DGS bouncing back up as holdings go green...
And fear subsiding again in the North American markets, after a scary one day correction on Monday. Brace yourselves for more volatility, as we will see more of those. BUT the fact remains , the stock markets and these split funds, are the places to get return on your money. Low interest rates paid for savings by banks are forcing people to stay in the markets.
Until the interest rates get kicked up, i dont see a huge correction. And i dont see any big interest rates hikes in the near future, and this is despite runaway inflation, whose numbers in North America are under-reported by the govt and media.
Comment by
EdPaquette on Sep 23, 2021 11:29am
When interest rates FINALLY start rising, banks and insurance companies should do well, and every other industry will suffer.
Comment by
flamingogold on Sep 23, 2021 3:35pm
But how high can rates really rise? The debt load of average Canadians is off the chart, most of if in housing. Hard to believe banks come out unscathed if the consumer and the economy nose dive. It's a house of cards which is why rates will struggle to return to historical averages at least.