Author Topic: So tapering begins?  (Read 1050 times)

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Offline icrcc

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So tapering begins?
« on: December 18, 2013, 08:11:30 PM »
The US economy is doing so well the fed has tapered the 85 billion per month to a mere 75 billion per month. 

http://blogs.wsj.com/moneybeat/2013/12/18/a-very-dovish-tapering-spurs-rally/

Great news, stock rally and interest rate are set to rise. Lucky us the economic crisis is solved.
It may never happen. Best to be prepared just in case.

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Offline kelee877

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Re: So tapering begins?
« Reply #1 on: December 18, 2013, 08:49:36 PM »
While Ben still throws money from the helicopter Canada is going to go through a housing bubble or some type of economic household squeeze....So many Canadian families living pay cheque to pay cheque and having to survive off of credit cards..what will they all do when the piper comes calling


Canadian household debt ratio climbs to record in third quarter as mortgage borrowing hits $1.13-trillion

The ratio of Canadian household debt to disposable income rose to a record in the third quarter as consumers increased their mortgage borrowing.

Credit-market debt such as mortgages increased to 163.7% of disposable income, compared with a revised 163.1% in the prior three-month period, Statistics Canada said today in Ottawa. Mortgage borrowing climbed 1.8% to $1.13 trillion.

Finance Minister Jim Flaherty has tightened mortgage rules four times amid signs of overbuilding in markets such as Toronto and Vancouver. While Bank of Canada Governor Stephen Poloz said yesterday that household imbalances should stabilize and unwind, the bank also said this week that household debt represents the biggest domestic threat to the world’s 11th-largest economy.

The increase in indebtedness is largely due to weak income growth, although “renewed momentum” in the nation’s housing market was a factor, said Leslie Preston, an economist at TD Economics.

http://business.financialpost.com/2013/12/13/canada-debt-mortgages-2/
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Offline icrcc

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Re: So tapering begins?
« Reply #2 on: December 18, 2013, 11:42:16 PM »
It may never happen. Best to be prepared just in case.

http://www.preparingforthefuture.org/index.php
http://ontariopreparedness.com/