RE:RE:Seems to never failI don't think we see recession in the next year. It's more about the FED making a mistake. Unlike the BoC, it now appears the FED waited too long to cut. Last week we should have had a 1/4 pt cut.
Septemeber odds of a cut have now shot up to 1/2 as the FED needs to catch up. In fact, there are 1.5 pt cuts priced in over the next 6 months. That is going to put a floor on any deep recession if there's a recession at all.
Unfortunately for LFE what it will do is put pressure on the lifecos as these rates decline. Buys in the $3 range should be unloaded in the $4 range. And, if it ever gets back to $5 again LFE is a hard sell as always.
mouserman wrote: Looking a lot like a recession , and most US expats that have moved here, say its been like a recession for most of the working folks for quite a while. Govt numbers are OK for the wealthy...but have little meaning for those working 2 jobs and using the food banks.
This correction may have a ways to go... as far as the lifecos go, many analysts have been pumping the lifecos as a better bet than the banks, and we should see the Q reports of the big 4 this month.
Going to be a buy here very soon. Quadravest reported LFE @ $14.97 UNIT NAV net of dist. to JULY 31 .