Ep 39 – Inflation, Interest Rates, and Middle Class Housing Bubbles
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Please remember one thing.
It doesn’t matter what inflation is doing in Canada.
We are powerless. What really matters is what inflation is doing in the States. If the U.S. has a protracted period of inflation that’s over 3% for months or even years, their Federal Reserve Bank will have no choice but to increase interest rates to put a lid on it.
Don’t think higher interest rates can happen? Central banks in Iceland, Brazil and Russia have already raised their interest rates to counter inflation.
And if interest rates go up south of the border…we will HAVE to increase our rates in Canada accordingly. Otherwise, capital will go south to get a better rate of return. Talk about foreign influence…yes…it’s true…Americans control Canada’s economy.
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