RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:15 DAYS To SECURED NOTE DEBT Due Date: November 30, 2023Yes Sask it definitely is especially with people who are flush with cash expecting to see interest at 1 percent or less. The deputy minister at the Bank Of Canada is saying dont expect the rates to be that low and just get used to of what the new rates will be. I can see 1 to 2 percent and people will be cribbing about this for awhile until the new reality sinks in and you just have to get on with it and keep moving forward again. The Bank as i have strongly disapproved of was and still is trying to curb 8 or so stated percent having raised rate 10 times last year and holding the 5 percent trying to get them down to first 4 percent and then the targeted 2 percent. When they manage 4 percent people will still keep waiting as they are now so i suspect infusion of any significant capital is still a few years away.
The rates are not expected to move until mid of next year and seeing that inflationary pressure keeps biting down on people it is inevitable despite small gains and robustness in a few areas we have not theoretically hit recession status which is three consecutive quarters of economic contractions we have seen two and either the jobs data or spendings just kept the status to non recession but again this is quite relative and heavily skewed in the sense when things were closed down and people had covid monies they were spending it and when things opened despite the massive job losses there were gains but the inflation continues to bite down hard and now monies again is being held back and jobs are still under strain without the cerb and things which have been cut back. There will definitely be a recession declared in the coming year i cant see it not happening. But the bank insists it will be short lived well if as others who called no soft landing and since covid a recession and assessing from that point and assuming it takes 2 years to get out say 2026 beginning that is 7 years by this calculation but by using BOC bank of Canada and say they call it a recession mid to late coming year thats less than 2 years. Either way i dont see much capital infusion until 2026 because the rates will still need time to get to the targeted 2 percent and they will not likely drop until mid coming year give it another full year hence 2026 beginning.
Times will remain challenging to work with but stocks can still make sizable gains then level out and most likely more the same stay level and protracted for fairly long periods of time so it is really about patience picking your points and executing. Everyone already knows what i said and that is exactly what i will do not saying what others should or should not do thats up to then.