Jerome Powell literally said it on 60 minutes (maybe indirectly but anyone watching this gets it). Let's keep that aside. Everyone should have BTC in their portfolio.
I feel sympathy for our country, low income people are now suffering to survive yet inflation and recession keep increasing daily, many families can't even enhance the good cost of living anymore. You've helped me a lot Sir Brian! Imagine I invested $50,000 and received $190,500 after 14 days
Very possible! especially at this moment. Profits can be made in many different ways, but such intricate transactions should only be handled by seasoned market professionals.
Some persons think inves'tin is all about buying stocks; I think going into the stock market without a good experience is a big risk, that's why I'm lucky to have seen someone like mr Brian C Nelson.
This year could turn out worse. I lost a lot of money last year as a result of poor investing decisions that I would never have made if I hadn't been so concerned about my portfolio. I wasn't sure whether to keep investing or make mortgage payments. After selling my investments, I discovered that the house required more work than I expected. I'm not sure how long I can go on like this.
Invest in companies that provide current cash flows to diversify your portfolio. I hired a planner at the end of 2023 to enhance my portfolio, and in the last ten months, I've made profits in over fifty thousand different marketplaces. Should 2023 teach us anything, it's that luck doesn't last forever. Even in times of abundance, we should put in more effort to prepare for the worst case scenario.
Lina Dineikiene a highly respected figure in her field. I suggest delving deeper into her credentials, as she possesses extensive experience and serves as a valuable resource for individuals seeking guidance in navigating the financial market.
I looked up her name on Google. Found her consultation website. I've g0tta admit her credentials are just fine! Good enough to lay any doubts to rest. Thank you.
It means we are in serious trouble. It’s not good news at all and your delusional if you think that marginal drop is a lifesaver. The economy is hitting a wall rather than slowing down and the bank of Canada is panicking. Developers have halted new projects and are on the verge of insolvency. The banks aren’t loaning to each other and are hoarding reserves. The overnight repo market stepped in multiple times this week to cover those liquidity problems. You actually think banks will give out mortgages while experiencing liquidity problems? And no one in the media is talking about this!!
@@D4rkBl4de cash will be helpful to an extent but is still a depreciating asset by definition. If you were just going to keep a large balance in the bank anyways then yes cash is better. I’d look into buying physical gold and (silver more volatile) as a hedge against inflation and poor gvmt decisions.
It means the rate cut is too insignificant to help mortgage bag holders. But at the same time it's significant enough to devalue the CAD which is already in total trash mode ALREADY compared to the USD. Therefore inflation will go up even faster so it will make everyone suffer. And any help the mortgage bag holders got because of this rate cut (most won't even benefit from this), will be offset by the higher inflation. Most likely it will be a net negative for the majority of mortgage bag holders due to the inflation. So the few mortgage holders who think this rate cut is going to help them.... I pity them. I pity them not because of the financial situation that they are in (because we can all be in financial ruins at one point in our lives), but I pity them for having the low intelligence level in which they can't even see what's happening right in front of their eyes.
Well said. The bankers with the government will keep the slaves just alive, so that they will never own but pay all their life with all that they make.
We took the Go train to the Argo game yesterday took 13 min. Saw the Gardner and Lake Shore from the train and it was bad and would have taken at least an hour maybe more.
I live on the border of East York/Scarborough and am from Buffalo (before I moved here) So I drive back and forth every 2 - 3 weekends to visit. From the Nexus Whirlpool to the Toronto border, it usually takes roughly an hour. To drive through the Gardener up to Eglinton via DVP - that is another hour at least.
Means nothing. Means your saving account interest rate will drop, but your credit cad balance interest will remain the same or even go up. That's what it means.
Dropping int rates means the BOC is seeing a lot of finacial stress in the market. And we are just seeing a major wave of mortgage renewals which will ramp up this stress. Unemployment is increasing, GDI is rolling over, treasuries are looking to go uninverted and nobody has to money to buy properties. Investors are trying to leave the market as well. This is why prices will roll over while rates are dropping. This is exactly what happened in the 90s and it takes yrs to sort itself out.
The constant complaining about traffic and blaming car alternatives is getting so tiring. Yes traffic is bad, and the problem is not bike lanes - it’s too many cars on the road. Toronto desperately needs better transit and alternative methods of transport. Bike lanes are used by people who pay taxes and are given a fraction of the road space used by inefficient vehicles. More bike lanes + more bus lanes = more people taking bike/bus = fewer cars on the road. Good use of taxpayer money and better even for drivers. I agree 100% with your point about encouraging people to use transit though.
So we trust the bank when the government wants to spend and the bank is like no problem, rates will remain low forever. Then when they are wrong like now, we thank them that they are reversing (temporarily probably) the rates? There aren't really fundamentals to do this. The economy and gdp are slowing.
@jeffee1933 right but my point is that even if rates went back to 2% I don't think people would be in the same mindset of FOMO anymore because we're aware the prices are ridiculous
@@andrewillomitzer3711 “think about how dumb the average person is and now understand that half the population is even dumber” George Carlin. People aren’t paying attention. They are ignorant of how the monetary system works. I think you would be shocked at how many people are getting into the market right now. Just because it’s at an all time low doesn’t mean people aren’t making the worst financial decisions of their lives right now. Prices have been ridiculous for decades now. But, the entire boomer generation and most of Gen x require housing to stay high because they have leveraged their equity to support a lifestyle they can not afford. It’s not the young who will suffer in the future it’s the boomers that will be lining up at soup kitchens.
@@andrewillomitzer3711my comment is getting auto removed so here it is again. “think about how (unintelligent) the average person is and now understand that half the population is even (more unintelligent)” George Carlin. People aren’t paying attention. They are ignorant of how the monetary system works. I think you would be shocked at how many people are getting into the market right now. Just because it’s at an all time low doesn’t mean people aren’t making the worst financial decisions of their lives right now. Prices have been ridiculous for decades now. But, the entire boomer generation and most of Gen x require housing to stay high because they have leveraged their equity to support a lifestyle they can not afford. It’s not the young who will suffer in the future it’s the boomers that will be lining up at soup kitchens.
I guess maybe all those drivers should stop and use transit instead this is the only real solution to traffic get cars off the road that's why there is traffic in the 1st place too many bloody cars
Probably means inflation to the boot. Houses are still way too expensive. We need them to go down significantly to match average salary, and this is probably gonna make them go up...
Dropping interest will almost definitely increase the cost of a house but it will also speed up the real estate collapse we should have had in 2008. Save your money now and get a cheap house in 5 years.
@@jeffee1933 That's my plan. I'm putting as much as I can in savings for 2 reasons 1) i'm a software dev and very afraid to lose my job 2) hoping houses become a reasonable price in the near future
@@jeffee1933individual retail deposit accounts cannot be confiscated. Only bank bonds. Which are converted to stock. Plus it wouldn’t save the bank anyways. A bail OUT is more likely in most cases.
@@jasperalberts7647 false. CDIC will “insure” up to $100,000. In 2010 the government enacted bail-in laws changing your legal status from depositor to uninsured creditor of the banks. You don’t own the money in your account it’s considered a “loan” to the banks. So, if the bank fails your loan is gone. CDIC has enough money to cover about 1% of total Canadian deposits and on top of that with fractional reserve requirements the banks have already loaned out your deposit 9x over
Work to live ? or live to work ? who is going to pay 💰 for life wear and tear ? and who is going to pay for depreciation of life life year to year ?at the end banks make money 💰 and government make money and then ?
People commute via their cars because they cannot afford Go transit. :Slow clap This all is happening for FIFA World Cup in 2026. Matches will be held in BMO field. Sometimes we need to adjust for the sake of national reputation.
I love how everyone ignores divergence from the federal reserve and its consequences. The USA isn’t dropping anytime soon and our dollar will drop. That will create more inflation because we don’t make anything anymore and import everything.Furthermore the bond market will turn on this country and the yields namely the borrowing rates will spike. Which means fixed adjusted rates (the majority of mortgages in Canada) rates will go up.
🤣🤣🤣 "We need to have every level of government collaborating". You advocate voting for people who refer to their opposition as Communists, Socialists, etc... Sure, they're gonna get along just fine when in government.
@@arturrutra7838 "Ilflation [Inflation] up ! If they lowered the % [interest rate]..." Most important is that you appear educated, and you don't. You failed to spell inflation. Lowered the % of what? You failed to write interest rate.
Jerome Powell literally said it on 60 minutes (maybe indirectly but anyone watching this gets it). Let's keep that aside. Everyone should have BTC in their portfolio.
I feel sympathy for our country, low income people are now suffering to survive yet inflation and recession keep increasing daily, many families can't even enhance the good cost of living anymore. You've helped me a lot Sir Brian! Imagine I invested $50,000 and received $190,500 after 14 days
Very possible! especially at this moment. Profits can be made in many different ways, but such intricate transactions should only be handled by seasoned market professionals.
Some persons think inves'tin is all about buying stocks; I think going into the stock market without a good experience is a big risk, that's why I'm lucky to have seen someone like mr Brian C Nelson.
Brian demonstrates an excellent understanding of market trends, making well informed decisions that leads to consistent profit
I'm surprised that you just mentioned and recommend Mr Brian Nelson. I met him at a conference in 2018 and we have been working together ever since.
This year could turn out worse. I lost a lot of money last year as a result of poor investing decisions that I would never have made if I hadn't been so concerned about my portfolio. I wasn't sure whether to keep investing or make mortgage payments. After selling my investments, I discovered that the house required more work than I expected. I'm not sure how long I can go on like this.
Take things easy, we've all made mistakes.
Invest in companies that provide current cash flows to diversify your portfolio. I hired a planner at the end of 2023 to enhance my portfolio, and in the last ten months, I've made profits in over fifty thousand different marketplaces. Should 2023 teach us anything, it's that luck doesn't last forever. Even in times of abundance, we should put in more effort to prepare for the worst case scenario.
How can one find a verifiable financial planner?
Lina Dineikiene a highly respected figure in her field. I suggest delving deeper into her credentials, as she possesses extensive experience and serves as a valuable resource for individuals seeking guidance in navigating the financial market.
I looked up her name on Google. Found her consultation website. I've g0tta admit her credentials are just fine! Good enough to lay any doubts to rest. Thank you.
It means we are in serious trouble. It’s not good news at all and your delusional if you think that marginal drop is a lifesaver. The economy is hitting a wall rather than slowing down and the bank of Canada is panicking. Developers have halted new projects and are on the verge of insolvency. The banks aren’t loaning to each other and are hoarding reserves. The overnight repo market stepped in multiple times this week to cover those liquidity problems. You actually think banks will give out mortgages while experiencing liquidity problems?
And no one in the media is talking about this!!
Agreed. Don’t hold your currency in the bank because Bail-Ins are about to start.
@@jeffee1933 Think I should take out my dollars in physical cash?
@@D4rkBl4de cash will be helpful to an extent but is still a depreciating asset by definition. If you were just going to keep a large balance in the bank anyways then yes cash is better. I’d look into buying physical gold and (silver more volatile) as a hedge against inflation and poor gvmt decisions.
agree we are looking at stagflation
Well the media is the PR arm of the Corpo-State beast so…
It means it’s time to party. RE prices gonna go to skies once again. Buy buy buy now! - a realtor
It means the rate cut is too insignificant to help mortgage bag holders. But at the same time it's significant enough to devalue the CAD which is already in total trash mode ALREADY compared to the USD. Therefore inflation will go up even faster so it will make everyone suffer. And any help the mortgage bag holders got because of this rate cut (most won't even benefit from this), will be offset by the higher inflation. Most likely it will be a net negative for the majority of mortgage bag holders due to the inflation. So the few mortgage holders who think this rate cut is going to help them.... I pity them. I pity them not because of the financial situation that they are in (because we can all be in financial ruins at one point in our lives), but I pity them for having the low intelligence level in which they can't even see what's happening right in front of their eyes.
Vince's frustration is felt by all of us in his shithole. Keep it going.
Good news? It means we have the weakest economy in the G7 🤷🏻♂️
I just listening to you. Such a voice of reason.
Mortgage in canada is a prison sentence to most
Well said. The bankers with the government will keep the slaves just alive, so that they will never own but pay all their life with all that they make.
We took the Go train to the Argo game yesterday took 13 min. Saw the Gardner and Lake Shore from the train and it was bad and would have taken at least an hour maybe more.
I live on the border of East York/Scarborough and am from Buffalo (before I moved here) So I drive back and forth every 2 - 3 weekends to visit. From the Nexus Whirlpool to the Toronto border, it usually takes roughly an hour. To drive through the Gardener up to Eglinton via DVP - that is another hour at least.
You’re full of S, I saw your name on the poll for Conservatives in York running 2025.
Means nothing.
Means your saving account interest rate will drop, but your credit cad balance interest will remain the same or even go up.
That's what it means.
Dropping int rates means the BOC is seeing a lot of finacial stress in the market. And we are just seeing a major wave of mortgage renewals which will ramp up this stress. Unemployment is increasing, GDI is rolling over, treasuries are looking to go uninverted and nobody has to money to buy properties. Investors are trying to leave the market as well. This is why prices will roll over while rates are dropping.
This is exactly what happened in the 90s and it takes yrs to sort itself out.
The constant complaining about traffic and blaming car alternatives is getting so tiring.
Yes traffic is bad, and the problem is not bike lanes - it’s too many cars on the road. Toronto desperately needs better transit and alternative methods of transport. Bike lanes are used by people who pay taxes and are given a fraction of the road space used by inefficient vehicles. More bike lanes + more bus lanes = more people taking bike/bus = fewer cars on the road. Good use of taxpayer money and better even for drivers.
I agree 100% with your point about encouraging people to use transit though.
Dont care aint buying
They cut rates because they're too restrictive. At 4.75% they were 2% above inflation.
so basically it's municipal governments putting all these taxes to restrict the building and federal government keep bringing more people.
That $500 per year will be eaten up by higher food prices
Eat less
@@robertduklus6555
We already are !
Tim the stagnate dragon 😂😂😅 im dead
I don’t believe they will get it done in one year. We have a bad track record in roads and transit. Wtf is going on with Eglinton line. What a joke.
Bababhahahah,
"Politicians using their heads" funniest stand up ive heard in a while.
So we trust the bank when the government wants to spend and the bank is like no problem, rates will remain low forever. Then when they are wrong like now, we thank them that they are reversing (temporarily probably) the rates? There aren't really fundamentals to do this. The economy and gdp are slowing.
What does it matter? They can always print more.😮
How many peoples use public transit ?
Prices will need to drop or trade sideways for decades before affordability and sales return
It means everyone in the country just got xlipped for 3 cents of more lost value of our currency..
It means nothing at least in terms of housing. House and condo prices are still too high. They were too high even when rates were 2%.
They are high Because rates were 2%
@jeffee1933 right but my point is that even if rates went back to 2% I don't think people would be in the same mindset of FOMO anymore because we're aware the prices are ridiculous
@@andrewillomitzer3711 “think about how dumb the average person is and now understand that half the population is even dumber” George Carlin.
People aren’t paying attention. They are ignorant of how the monetary system works. I think you would be shocked at how many people are getting into the market right now. Just because it’s at an all time low doesn’t mean people aren’t making the worst financial decisions of their lives right now. Prices have been ridiculous for decades now. But, the entire boomer generation and most of Gen x require housing to stay high because they have leveraged their equity to support a lifestyle they can not afford. It’s not the young who will suffer in the future it’s the boomers that will be lining up at soup kitchens.
@@andrewillomitzer3711my comment is getting auto removed so here it is again.
“think about how (unintelligent) the average person is and now understand that half the population is even (more unintelligent)” George Carlin.
People aren’t paying attention. They are ignorant of how the monetary system works. I think you would be shocked at how many people are getting into the market right now. Just because it’s at an all time low doesn’t mean people aren’t making the worst financial decisions of their lives right now. Prices have been ridiculous for decades now. But, the entire boomer generation and most of Gen x require housing to stay high because they have leveraged their equity to support a lifestyle they can not afford. It’s not the young who will suffer in the future it’s the boomers that will be lining up at soup kitchens.
RUclips will not let me respond in the manner I choose. That should probably speak for itself. “The truth is out there” 😜
I guess maybe all those drivers should stop and use transit instead this is the only real solution to traffic get cars off the road that's why there is traffic in the 1st place too many bloody cars
Its simple,,,if you owe money you dont own anything untill it paid for
Probably means inflation to the boot. Houses are still way too expensive. We need them to go down significantly to match average salary, and this is probably gonna make them go up...
Dropping interest will almost definitely increase the cost of a house but it will also speed up the real estate collapse we should have had in 2008. Save your money now and get a cheap house in 5 years.
@@jeffee1933 That's my plan. I'm putting as much as I can in savings for 2 reasons 1) i'm a software dev and very afraid to lose my job 2) hoping houses become a reasonable price in the near future
@@D4rkBl4de good call. But, don’t keep your currency in the bank. RUclips: bank bail ins
@@jeffee1933individual retail deposit accounts cannot be confiscated. Only bank bonds. Which are converted to stock. Plus it wouldn’t save the bank anyways. A bail OUT is more likely in most cases.
@@jasperalberts7647 false. CDIC will “insure” up to $100,000. In 2010 the government enacted bail-in laws changing your legal status from depositor to uninsured creditor of the banks. You don’t own the money in your account it’s considered a “loan” to the banks. So, if the bank fails your loan is gone. CDIC has enough money to cover about 1% of total Canadian deposits and on top of that with fractional reserve requirements the banks have already loaned out your deposit 9x over
Work to live ? or live to work ? who is going to pay 💰 for life wear and tear ? and who is going to pay for depreciation of life life year to year ?at the end banks make money 💰 and government make money and then ?
People commute via their cars because they cannot afford Go transit. :Slow clap
This all is happening for FIFA World Cup in 2026. Matches will be held in BMO field. Sometimes we need to adjust for the sake of national reputation.
This is what capitalism does makes the people poorer while corporations and shareholders are profiting from all of us
I love how everyone ignores divergence from the federal reserve and its consequences. The USA isn’t dropping anytime soon and our dollar will drop. That will create more inflation because we don’t make anything anymore and import everything.Furthermore the bond market will turn on this country and the yields namely the borrowing rates will spike. Which means fixed adjusted rates (the majority of mortgages in Canada) rates will go up.
I tell everyone this and they don't see it.
🤣🤣🤣 "We need to have every level of government collaborating". You advocate voting for people who refer to their opposition as Communists, Socialists, etc... Sure, they're gonna get along just fine when in government.
Ilflation up ! If they lowered the %, that means the economy is in very bad shape. Like usually, too late to safe economy
@artur "...too late to safe [save] economy[.]" Safe is adjective. Save is verb.
@@Lawliet734 most important is that you understood what I meant :)
@@arturrutra7838 "Ilflation [Inflation] up ! If they lowered the % [interest rate]..." Most important is that you appear educated, and you don't. You failed to spell inflation. Lowered the % of what? You failed to write interest rate.