Reitmans Ord Shs V.RET.A

Q2 Will be Solid too

[nozzpack]

We launch into Q2 with a surprisingly strong economy, which will be needed as headwinds intensify.
The tipping point between growth and recession in any business cycle often involves the interplay between policy, the economy and financial markets.

Spending and employment data have remained strong, despite higher inflation that has caused the Fed to raise rates aggressively.

This is testament to the momentum the economy carried into 2023.

Bank failures, hyped to the moon by the talking heads, are now no longer an issue and the debt ceiling will also be taken care of.

So, Q2 is already in the bag.

The MIC has over $1 Trillion in military Contracts to replace Outdated military 
hardware dumped into Ukraine by the EU NATO nations which it will soon begin to build.

That takes care of the next year .

So, we are going to have as good a year as 2022

[Torontojay]

You're right Nozz. The economy is so strong, I don't think we will ever have a recession again. Now that I think about it, after going through Covid, I don't think I'll ever get sick again either... wink wink 

[nozzpack]

Yes of course, recessions come and go and the talking heads have predicted 10 of the last 3.   Like the US Housing sector.....gonna crash right ? Lets see what the confidence index says right now.. " on the housing front, confidence among US single-family homebuilders hit the highest level in 10 months, improving in May for the fifth consecutive month, as limited home

[Torontojay]

How convenient Nozz, like usual you are cherry picking the data to suit your narrative. Which part of the report about builders not having access to credit did you not understand?   Are you aware that regional banks are a big reason why builders/developers have access to credit? With loans across all commercial banks trending down, it's not hard to see that after the spring rally