Quote:
Originally Posted by Traum
I think the general sentiments are that hyperinflation / stagflation is more damaging and difficult to manage than a recession, and that is why we are seeing the on-going interest rate hikes. Furthermore, as it has been pointed out multiple times recently in this thread, realistically speaking, even rates in the 4 - 5% shouldn't really be considered as "really high".
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One good way to look at it, is whether you would lend your money out at 1 - 5% rates to peeps who need mortgages? I probably wouldn't.
GIC's paying almost 4.85% now, plus another 0.5 - 1% post rate hike.