FormerXBC Inc XEBEQ

Deflation are they going too far with hikes?

[Gann999]

I think they are https://markets.businessinsider.com/news/funds/fed-rate-hikes-mistake-inflation-deflation-cathie-wood-ark-powell-2022-9?utm_campaign=sf-bi-main&utm_source=facebook.com&utm_medium=social

[babedinkleman]

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[Gann999]

She was a genius a few years ago you are only right in the stock market until your wrong we all know that too well here at xbc. I think any further hikes and they are going too far too fast wait and see the effect first then if needed raise them more prices are cooling.

[babedinkleman]

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[tony08]

In the news lately, they talked about this.   I don't know about the U.S. but in Canada they said that if it wasn't for fuel (which had gone down), the prices for food and other consumer goods were still too high and something had to be done quickly and strongly so that inflation does not set in for long term.   They even made it very clear that the rate hike wasn't

[babedinkleman]

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[Zebec2021]

[babedinkleman]

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[Gann999]

Covid screwed them up they should have been slowly raising rates during the pandemic but decided to keep them low because of the pandemic they shot themselves in the foot.

[Zebec2021]

rates should have been raised years ago .....baffled me then and here we are now!!!!

[tony08]

you're right Gann ..... it was also said during this same news i watched.   Regarding the drop in house prices that Babe is talking about, I would say that it probably depends on which province we are talking about...... It's certain that in Vancouver or Toronto the prices have risen exaggeratedly more than elsewhere .   But for young people starting out, prices have

[babedinkleman]

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[Gann999]

Correct, Toronto and Vancouver will always command a premium because that's where the jobs are as well as accessible public transit, nightlife districts, major sporting events and other desirable things. But house prices should accurately reflect the cost to build a home. If it costs 600k to purchase land and build a decent sized home on the land why were they selling for 1m plus that's

[Zebec2021]