GDS @ Bloomfield College | They canada goose outlet online store have the hard economic
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They canada goose outlet online store have the hard economic

23 Jul They canada goose outlet online store have the hard economic

Bank Of Canada Rate Decision Serves As Warning To Canadians

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Canada Goose Outlet In reality, Canada never recovered from the 2008 crash, it only bought time by lowering interest rates to 1% in order to increase demand for housing, cars, and big ticket items. canada goose outlet black friday sale This also canada goose outlet orlando stimulates the stock market, which most people believe is a perfect reflection of the economy, an erroneous belief which politicians are happy to let us have, since it makes them look good. The trouble is, a real functioning economy doesn’t run on cheap credit, asset bubbles, and an inflated stock market. Canada Goose Outlet

buy canada goose jacket cheap Letting consumers extend car loans over 6 or even canada goose stockists uk 7 years causes serious consequences down the road when goose outlet canada they find out they haven’t paid off canada goose outlet store toronto any principal, and after 4 years, still owe almost as much as the car cost originally. The car itself is now depreciated, and worth half what it was, so the difference is owed by the consumer, who, in shock finds out just why you don’t pay for new cars over 6 years. These are the kind of ridiculous things Canada, and the US, has been doing to try to canada goose outlet uk create the illusion of a recovery. Same goes for house prices, which are artificially high due to the lowest interest rates in history, not a strong economy. But, most people equate high home prices with a strong economy, another false belief that serves politicians well. buy canada goose jacket cheap

canadian goose jacket It all seems fine until one day, a shock hits, and everyone finds out just how fragile the “recovery” actually was. For Canada, that shock was oil crashing to below $50 per barrel. The media will try to spin this as “good news for consumers” and “great news for manufacturing,” but in a country whose 1 export is oil, this is not great news. It’s terrible news, for everyone, not just those in the oil industry. canadian goose jacket

cheap Canada Goose Now Canada’s leaders are panicking, because in their desperation to get re elected and “save the economy,” they made the situation much, much worse, but with the benefit of delaying it for another day. That day is today. Now Canada has millions of highly indebted consumers, who can barely make their debt service payments, even with the lowest rates in history. What canada goose outlet germany happens when job losses occur? And people are unable to make those payments, as is happening right now. Homes are sold, car loans are defaulted on, debt is reduced as quickly as possible. cheap Canada Goose

canada goose black friday sale All of this is deflationary, and causes a spiral downward, lowering house prices, decreasing car sales, and lowering GDP. Think of it like canada goose outlet store near me a game, first one out wins, canada goose parka uk because canada goose outlet store new york he sells for the canada goose outlet in usa highest, and as the game progresses, each person has a harder and harder time getting out before the crash, until many are stuck. canada goose black friday sale

Canada Goose Parka Although this scenario has played out time and time again in the past, politicians and citizens never learn from their mistakes. Governments will still try the same tricks canada goose outlet uk sale to stimulate the canada goose outlet belgium economy, because it’s quick, easy, and makes them look good. Even now, with the cards falling, the Canadian government opts to lower rates in hopes of blowing up the bubble just a little more, just a little Canada Goose Outlet longer. Nobody said governments were smart, they’re made canada goose outlet las vegas up of people, politicians to be exact. Is anyone truly surprised that politicians would take the path of least resistance over and over again, even in the face of insurmountable evidence canada goose outlet ontario that their decisions are doing harm? Canada Goose Parka

canada goose store No, governments will serve themselves first and foremost every time, count on it. We won’t find out there’s a problem until the day after, when it can no longer be hidden, and the affects have run their course. That means you have to have someone in your financial corner who knows how to get at the truth, and doesn’t get caught by surprises due to government incompetence, or outright false statements. A Financial Advisor Vancouver who does the research to get to the truth will protect your assets in times like these, and grow them during safer times. canada goose store

canada goose deals Most Financial Advisors Vancouver you shoulder the risk for your investment decisions, and if a crash occurs, they chalk it up to risky markets. Personally, I have no idea why anyone pays these people, since they could do the canada goose uk site same thing themselves, without paying fees. Bottom line is, the markets are risky, and made riskier by governments which will do anything to stay in power, including lie and manipulate data. All of canada goose outlet jackets this means your money isn’t safe with an advisor who presumes markets are safe and governments tell the truth canada goose deals canada goose outlet winnipeg.