FormerXBC Inc XEBEQ

RE:RE:RE:RE:RE:RE:Deflation are they going too far with hikes?

[Gann999]

Covid screwed them up they should have been slowly raising rates during the pandemic but decided to keep them low because of the pandemic they shot themselves in the foot.

babedinkleman wrote:

tony08 wrote:

In the news lately, they talked about this.
 

I don't know about the U.S. but in Canada they said that if it wasn't for fuel (which had gone down), the prices for food and other consumer goods were still too high and something had to be done quickly and strongly so that inflation does not set in for long term.
 

They even made it very clear that the rate hike wasn't over.

Exactly.  As I said....keep rising until the prices of houses have been pretty much cut in half.  I'll still be up 30% over what I paid 6 years ago.....which is about where prices should be...given what people earn etc.  It's not sustainable and there is going to be pain for those who thought free money would be around forever.  That's just not how it should work and why we got into the mess we are in.  Bad monetary policy put forth by people who in my uneducated dumb opinion don't understand the basics.  You can't leave rates that low for that long.  The mob can't help themselves and you end up with million dollar houses that should actually be worth about $300,000k