they've been saying that all year...they are trying to slowdown household spending and debt.
but they've been postponing every meeting and threatening to raise just to keep the market on their toes
You said it much better than I could think 
I know they've been trying to convince markets they will raise rates earlier this year but IMO they are in no condition to be doing so.
Wow. That is crazy. Here and in Germany you can't buy a house unless you can afford to put 40% down payment.
and therein is the conundrum. To slow the markets down during boom times, a central bank usually raises rates. In this case they cannot. Luckily for Canada, the CMHC (Canada Mortgage & Housing Corporation) can be mandated to increase the insurance rates for non-conventional financing (anything over 75% loan to value) which can seriously curb the bubble since most buyers finance to the hilt (around 90% loan to vale). With higher premiums, it will no longer be affordable to buy for the majority at current price levels. That should throw some cold...
well, i've closed my euro long +35 here....the pair seems to be having trouble here at the daily R1...it may get through it, but as a wise man once said, "pigs get slaugthered, dont be one..."
so, i'm taking my profit here....now i have to decide if i want to go to bed, or get in a short here......mmmmmmmmm...probbably not
That's nothing Swissy. In the US, people were financing and/or re-financing their homes at 110%+ loan to value at below prime rate. That was the root cause of the crisis. When those loans started to look like they would soon default, the loan portfolios were wrapped up in AAA rated security derivatives and sold to European banks
PT,
market should react positively to boc possible rate increase and therefore should increase CDN dollar which will in turn slow down export productivity. again it will slow the economy and raise unemployment.....its so simple for carney to do nothing but verbal diarrhea and he can control economy...
off to pay bills and traffic ticket and some exercise...ciao all
hellothe time is now?!
E/U went already to the gray area - 1, 262x
now we're on top of the H4 range and we have a bearish divergence on daily...
E/U Daily
Attachment
That's nothing Swissy. In the US, people were financing and/or re-financing their homes at 110%+ loan to value at below prime rate. That was the root cause of the crisis. When those loans started to look like they would soon default, the loan portfolios were wrapped up in AAA rated security derivatives and sold to European banks
well, i've closed my euro long +35 here....the pair seems to be having trouble here at the daily R1...it may get through it, but as a wise man once said, "pigs get slaugthered, dont be one..."
so, i'm taking my profit here....now i have to decide if i want to go to bed, or get in a short here......mmmmmmmmm...probbably not
Well I'm sure it was all part of the plan to f#kc Europe and to destroy euro IMO.
Not to mention all the Home Equity Credit Lines...i cant tell you how many people i know who had their homes re-appraised every 6 to 12 months so they could cash out their equity while still living in their homes.
Tho, i guess swissy and his friends enjoyed the fincancial benefits of all those Americans visiting Europe with those funds
