TSXV:RHT.H - Post by User
Comment by
EdinColoradoon Sep 26, 2023 1:45pm
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Post# 35655045
RE:RE:RE:RE:RE:Tired
RE:RE:RE:RE:RE:TiredThe rise in interest rates has pretty much shut down the housing market, and credit card losses to banks are the highest they have been since the "great recession." Banks are in trouble. At the same time the subsidy relief to those on the margins of economic survival provided during COVID recently ended and student loan repayments are active again. The stated purpose by the FED chairman was to raise unemployment, which may or may not be related to the resurgence of an organized labor movement, which has opposite objectives. A government shuttdown will halt veterans benefits and social security payments at a time when moratoriums have ended on landlords tossing renters out into if they can't make payment. This comes at a time when Americans, not you Canadians, suffer bankruptcy at the rate of a half million a year caused by exorbitant medical bills. A shutdown means the government won't be able to react to any emergenc. So yeah..if you want to go blow some cash now to catch some falling knives, far be it from me to try to prevent you from doing that.