TSX:NWH.DB.G - Post by User
Post by
spacegimpon Sep 08, 2023 7:02am
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Post# 35625591
if oil continues up and home prices refuse to fall
if oil continues up and home prices refuse to fallthese central bankers will push rates up another 2% as a final act to bring both under control , it will also plunge the world including usa into recession
high oil prices are like a slap in the face to western globalists intent on punishing russia , yes we all know the high price is fabricated by OPEC and others
the only way to defeat that will be one final push higher in interest rates which will bring most development projects
(lenders will also tighten credit restrictions) to a halt and slow the economy
i dont think the average joe can take another 30% increase in food prices
i dont think leaving rates at 5% is enough deterent