TSX:AX.PR.E - Post by User
Comment by
DZtraderon Jan 20, 2025 6:19am
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Post# 36411489
RE:OUR REIT FAITH LIES IN THE DONALD.
RE:OUR REIT FAITH LIES IN THE DONALD.
.......what country do you consider "our country" ? I am a Canadian and Canada is "my" country, not entirely sure we reference the same "our country". With regards to Trump and interest rates and Powel, I think its time you get your head around the fact that Powel is/was a dove, not a hawk, always has been. By having to make some choices to tow the line when deemed necessary doesn't make him a hawk. You also have had a very hard time discerning between the reit sector and the overall markets. Government policy is not set with the reit sector in mind, nor is Fed policy. The overall markets have done very very good. To judge anyone or any government by the reit sector's performance is so flawed, one shouldn't even comment on it.
With regards to bond yields (and thus interest rates) try and get it through your P brain that Trump doesn't control them nor the Fed. Best he can do is influence them through policy and given his propensity to spend plus wanting to cut taxes unfunded, I think you will find it hard to lower in that environment. Doge is a bit of a laugh at best. A smoke screen to enable more spend. Novel idea for sure but in reality, not so much. Political suicide to touch major entitlement programs. Cutting millions won't cut it, not even saving a billion here or there, that won't even make up for spend.
If and when conditions deteriorate including labor, you will then maybe see the size cuts you are looking for. In the meantime, slow and steady and maybe just maybe a couple more cuts this calendar year, so might as well que up the wining and crying because your hero ain't saving the Cad reit sector, likely ain't saving anything Cad., but we will do it on our own. Hope he drops us first week
or two so I can do some serious buying. His mouth won't last long when we slap him back.