TSX:AX.PR.E - Post by User
Comment by
Torontojayon Aug 02, 2024 7:27am
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Post# 36160130
RE:BOGUS
RE:BOGUS
garyreins wrote: If someone told me last July, right after the fed and BOC hiked again, that...
"In 12 months, inflation would have moderated substantially another 1-2% to the 2% target range, the central banks just holding out to save face and be "super confident" or whatever, BOC delivers 2 cuts, and the economy is still chugging along with some GDP growth", and 10 year yields are basically the same,
but hey those CANADIAN reits would be what, 10% lower for retail and industrial , 25% lower for office
what a freakin joke we all know it
it's manipulation at its finest and they got pretty good at it. They did it during covid too with their massive vaccination campaign.
Immigration is the secret sauce for how they were able to accomplish this as well as fiscal spending.