They never come to the party solo. They travel in packs.
Headline from the Globe and Mail Today: "Money markets have quietly become convinced another Bank of Canada Rate cut is coming in September"
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140 sats \ 0 replies \ @flat24 31 Jul
I think we are facing a big rise, which will explode at any moment, we just have to keep piling up and keep our heads held high with a vision for years to come. And if they manage to knock down the price to generate fear in the masses, it will be excellent to obtain a discount. We have to keep liquidity at hand and keep piling up weekly.
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72 sats \ 3 replies \ @Cje95 30 Jul
Honestly with the US elections if we get one cut I will be impressed. The Fed is so careful that it doesn't cut or increase rates to affect the election outcomes and the Fed wants months worth of data. We could get a Sep. but then Nov and Dec typically read hot so they wouldn't want to cut then due to holiday sales
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50 sats \ 1 reply \ @Undisciplined 31 Jul
That's a good insight. September might also be too close to the election, if they're concerned about political interference.
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41 sats \ 0 replies \ @Cje95 31 Jul
I think in Powell's ideal world he would cut in December to avoid the whole issue but with numbers for the most part trending in the right direction if he waits a few more months he might end up with a hard landing...
The EU numbers today though I think really help Powell though since they cut and their inflation came in higher than expected. He should be able to use that along with our mixed bag of numbers to continue to push.
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20 sats \ 0 replies \ @Satosora 31 Jul
They are always very careful about these things during election season.
If only they would be this careful all the time instead of once every 4 years.
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61 sats \ 1 reply \ @IamSINGLE 31 Jul
I've learnt that lowering the rates may also lead to inflation, then what's the benifit? The world needs to understand soon that Bitcoin is the way to go ahead.
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0 sats \ 0 replies \ @grayruby OP 31 Jul
The benefit is it lowers the cost of borrowing and the public and private sector are both up to their eyeballs in debt.
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61 sats \ 0 replies \ @Coinsreporter 31 Jul
If they raise, they go on raising. If they cut, they go on cutting! All shameless clowns!
I'm ready with my stack to defeat fiat mongers.
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51 sats \ 1 reply \ @0xbitcoiner 30 Jul
https://m.stacker.news/42595
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21 sats \ 0 replies \ @grayruby OP 30 Jul
Haha apt.
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50 sats \ 0 replies \ @TomK 30 Jul
Stacked! Let the clown games begin
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40 sats \ 2 replies \ @Satosora 31 Jul
Canada's bank cuts?
Does that mean the UK is next?
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20 sats \ 1 reply \ @grayruby OP 31 Jul
I think it is expected soon no?
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20 sats \ 0 replies \ @Satosora 31 Jul
Actually, l am surprised we havent heard much news about the UK and the new king.
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