North American Financial 15 Split Corp T.FFN

Another pullback is likely.

[mouserman]

I know the Fed believes hiking interest rates will curb inflation, but that will not come without some adverse reaction in the stock markets. Banks have bounced back, but future isn't rosy... with millions of home owners carrying too much debt  and far too much of their disposable income servicing the home.
Lets see if the US fed and the Bank of Canada continue down this road.... it won't be pretty for the stock markets if they are too aggressive. JMHO tho....

[DOOMSDAYE]

This post has been removed in accordance with Community Policy

[5oceans]

Totally... i agree. This may turn out to be very nasty. Many people were/are over spending and the spiral effect of increased interest rates will take its toll. I remember the early 80s very well... that seasoned !

[flamingogold]

A 1/2 pt hike on Wed by the BoC is a 100% lock as will be the move the FED takes in June too. The markets have been rattled but is already closer to its bottom than real estate markets where the slow melt down has only begun. A lot of pandemic work from homers living in the sticks will face the worst of the correction.

[EdPaquette]

Agreed. Sometime in the next 5 months you'll probably be able to buy FFN for $4

[mdoldon]

As a semi informed amateur only, a long time out of Economics 101, I admit I'm unclear on their logic.  Yes, in a 'normal' inflationary cycle raising rates will discourage spending, thus lowering inflationary pressure.  But this is NOT a normal inflationary cycle, this is a freak event brought about laregly by pent up demand because of a once in a lifetime 2 yr economic