RE:RE:RE:RE:RE:27.05, Up .92 cents Better Results in Canada, Worse In AsiaWell, if you hate Banks don't buy them. I hate Walmart becasue of the way they treat their staff, competitors and suppliers. I think they are a huge leach, so even though I would have done well owning their shares, I have never bought a single one. As far as Insurance companies doing better with higher rates, if they haven't figured out how to adjust their business model over the past 20 years, I have no faith higher rates will save them.
willyk3 wrote: You are absolutely right there, so the question becomes... going forward ,which one are you more comfortable with, which one has less of a chance of a precipitous drop. Maybe the wise choice would be a bit of both. It's been twenty odd years of outperformance by the banks as they rode down the interest rates but perhaps now is the time for alttle but of a show from the lifeco's as rates get back to some kind of normal as opposed to almost zero
Gotta come clean here. I have always had a hate on for the banks and their priveliged position in our Canadian idea of capitalism