[Newsbot]

Title: Bank for International Settlements says Canada is showing early warning signs of financial crisis | Financial Post
Category: Economics
Posted By: shockedcanadian
Date: 2017-03-06 20:11:53
Canadian

[shockedcanadian]

Interest rates have been depressed for a decade, they will eventually have to rise...and the Piper will be waiting...

[DrCaleb]

shockedcanadian shockedcanadian:

Interest rates have been depressed for a decade, they will eventually have to rise...and the Piper will be waiting...

It's also not coincidence that the Bank of Canada has been warning us of mounting personal debt. I lived through the 1980's, with interest rates in the teens. My Dad complained that his mortgage payment went from $78 to $81 a month!

Now I look, and you couldn't buy that same house for less than $2k a month.

[Lemmy]

+

[DrCaleb]

They just need a little Depakote to get them right again.

[PluggyRug]

shockedcanadian shockedcanadian:

Interest rates have been depressed for a decade, they will eventually have to rise...and the Piper will be waiting...

That sounds like the trigger/sear on a rifle. A depressed or negative trigger arm to sear engagement could cause a slam fire. Interest rates are not like that.

[raydan]

DrCaleb DrCaleb:

shockedcanadian shockedcanadian:

Interest rates have been depressed for a decade, they will eventually have to rise...and the Piper will be waiting...

It's also not coincidence that the Bank of Canada has been warning us of mounting personal debt. I lived through the 1980's, with interest rates in the teens. My Dad complained that his mortgage payment went from $78 to $81 a month!

Now I look, and you couldn't buy that same house for less than $2k a month.

When I bought my house (18 000$) in the 80s, the interest rate was 12.5%... the next year it was 18.5%.

I remember that the older people with savings started complaining when the rates went back down again.