FormerXBC Inc XEBEQ

RE:RE:RE:RE:RE:RE:RNG AND QC GOVERNMENT

[tony08]

babedinkleman wrote: Of course he doesn't want a nuclear disaster.....but sloppy mistakes can be made when shelling around a reactor. 
News headline on CNBC currently is "World 'Narrowly' Escaped Nuclear Disaster"  I guess they are just being alarmist too.
And yes....the Canadian banks....in a probable recession caused by out of control inflation and rising interest rates are indeed overvalued....as the entire market is.  I was referring to investments outside the typical stock market though.  Realestate.....no interest on savings etc.  This market has been propped up by unsustainably low interest rates for far too many years and the central banks have backed themselves into a corner....afraid to do what needs to be done (raise rates).  Low interest rates are also 95% responsible for the out of control housing prices.....making housing out of reach for most not already in a house.  Put that on a backdrop of everything else falling apart in the world and things could get very ugly very fast.


I agree with you for the low interest rate......But with Covid, they had no choice to wait before rising them.

P.S....In the Globe and Mail web site, "investing" section, an article written just for you:

" Don't make impulsive stock decision based on headlines. Now is the time to long term goals"