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Thread: Zero interest rates forever?

  1. #21
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    The biggest change will be the inflation. Pay attention to prices - they will start to creep up everywhere. Neg rates will mean crap-all.

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    Inflation is the explicit goal

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    Zero interest rates and price inflation. Makes saving doubly ridiculous. Buy more shit today.
    Quote Originally Posted by killramos View Post
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    You realize you are talking to the guy who made his own furniture out of salad bowls right?

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    Quote Originally Posted by revelations View Post
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    The biggest change will be the inflation. Pay attention to prices - they will start to creep up everywhere. Neg rates will mean crap-all.
    It won't be as prominent in day to day life so much as it'll be demonstrated through asset prices. When you have to take on more risk to see an acceptable yield from your investments, you'll see that reflected in the prices for stocks/bonds, real estate, and so on.

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    It is unprecedented times and what will happen is difficult to predict. Everyone has an opinion, but herd mentality has never been more popular. My opinion is that there might be an uptick in inflation as measured by CPI in the short, perhaps medium term, however what I expect to see among other things is deflation.

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    Savers just want to kill the economy.

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    There is definitely a uptick inflation. Im feeling it at the grocery store.
    The question is, where does one put their short to medium savings?

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    Quote Originally Posted by tonytiger55 View Post
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    There is definitely a uptick inflation. Im feeling it at the grocery store.
    The question is, where does one put their short to medium savings?
    Duh. Stonks!
    Fucking retard.

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    Quote Originally Posted by ThePenIsMightier View Post
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    Duh. Stonks!
    Fucking retard.


    The question is, where does one put their short to medium savings?

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    Quote Originally Posted by tonytiger55 View Post
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    I am better at providing short to medium term spendings advice. Thought I would throw that in your direction in case you change your mind. My fees are reasonable.

  11. #31
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    Quote Originally Posted by tonytiger55 View Post
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    There is definitely a uptick inflation. Im feeling it at the grocery store.
    The question is, where does one put their short to medium savings?
    Have you been tracking prices? Curious as to the cost of staple items like Milk (4L, 2%), bread, etc. I dont really trust the statistics from government much.

    Also, I would strongly suggest precious metals. They can be bought and sold fairly easily.

  12. #32
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    It's not so easy.

    We're in a naturally deflationary time - perhaps a very deflationary time. Our fearless government leaders are doing everything in their power to combat this and juice inflation. Their increasingly desperate looking attempts seem to indicate that they themselves see themselves as failing.

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    Quote Originally Posted by tonytiger55 View Post
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    There is definitely a uptick inflation. Im feeling it at the grocery store.
    The question is, where does one put their short to medium savings?
    The answer here hasn't changed. Unless you're talking about six-figure sums, liquidity and protecting capital is more important than "growth". An EQ HISA pays 1.7% and you can get 90-day GICs at 1.8%.

    Don't put money you need in the near term in any kind of equity investment.

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    Not really relevant to tony's question, but to the thread. If GIC rates are 1.8% or lower, and your mortgage is some similar or higher amount, it's just better and easier to jam longer-term money into your mortgage. Not everyone has a 1.45% mortgage rate like me. [/brag]
    Quote Originally Posted by killramos View Post
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    You realize you are talking to the guy who made his own furniture out of salad bowls right?

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    Oh it's possible to have inflation, and it's more likely than you think.

    There is so much government debt now, and the plans are for more debt. This will start to affect gov't bond yields. It already has for provincial debt.

    Then you will see inflation. Yum yum. Just like the 90s.

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    Quote Originally Posted by suntan View Post
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    Oh it's possible to have inflation, and it's more likely than you think.

    There is so much government debt now, and the plans are for more debt. This will start to affect gov't bond yields. It already has for provincial debt.

    Then you will see inflation. Yum yum. Just like the 90s.
    Provinces can't issue their own currency (they can't monetize their debt).

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    Quote Originally Posted by Buster View Post
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    Provinces can't issue their own currency (they can't monetize their debt).
    What does currency have to do with issuing debt?
    Last I checked they issue debt in CAD$.

    As with all debt, the rate they have to provide is based on the market's willingness to take on the risk of the principal being returned. And if you're Ontario...

  18. #38
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    Quote Originally Posted by suntan View Post
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    What does currency have to do with issuing debt?
    Last I checked they issue debt in CAD$.

    As with all debt, the rate they have to provide is based on the market's willingness to take on the risk of the principal being returned. And if you're Ontario...
    No it doesn't. The Americans are funding their debt through expansion of the fed balance sheet, for instance.

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    Quote Originally Posted by Buster View Post
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    No it doesn't. The Americans are funding their debt through expansion of the fed balance sheet, for instance.
    Um, well... yeah. Liabilities appear on balance sheets. Your point?

    Your account get taken over by kertejud2 or A790?

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    Quote Originally Posted by suntan View Post
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    Um, well... yeah. Liabilities appear on balance sheets. Your point?

    Your account get taken over by kertejud2 or A790?
    lol definitely not; I don't know nearly enough about government debt as a financial instrument to speak to it in any capacity.

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