TSX:AX.PR.E - Post by User
Comment by
Torontojayon Sep 12, 2024 7:55pm
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Post# 36221420
RE:TORONTO JAY JUST DOESNT GET IT
RE:TORONTO JAY JUST DOESNT GET IT
garyreins wrote: Yes rate cuts particularly large ones are NOT a good sign for the economy. But they are the medicine the doctor ordered for REITS. Real estate buyers dont care that the GDP/unemployment is bad for a few quarters, or a year, they are 5-10 years when the financing and cash flow is right. Notwithstanding a HARD LANDING. Hard being the key word.
Large rate cuts of 50 bps or more and quickly is indicative of a hard landing. Unemployment is rising substantially in Canada and likely to surpass 8% in the near future.
Here is a math question for you Gary. You said it was your birthday right? Ok here it goes.
Prove that in a crowd of 500 people that there must exist 2 people in the crowd with the same birthday?