Comments on: Contest Winner, Rate Cut, and Other Good Reads – Jan 25, 2008 http://www.milliondollarjourney.com/rate-cut-carnivals-and-other-good-reads-jan-25-2008.htm Building Wealth through Saving and Investing Fri, 19 Mar 2010 03:14:59 -0400 http://wordpress.org/?v=abc hourly 1 By: lena the thinker http://www.milliondollarjourney.com/rate-cut-carnivals-and-other-good-reads-jan-25-2008.htm/comment-page-1#comment-25076 lena the thinker Sat, 09 Feb 2008 16:21:48 +0000 http://www.milliondollarjourney.com/rate-cut-carnivals-and-other-good-reads-jan-25-2008.htm#comment-25076 Congratulations to the winner! Congratulations to the winner!

]]> By: Jennifer in OR http://www.milliondollarjourney.com/rate-cut-carnivals-and-other-good-reads-jan-25-2008.htm/comment-page-1#comment-23606 Jennifer in OR Fri, 25 Jan 2008 21:56:29 +0000 http://www.milliondollarjourney.com/rate-cut-carnivals-and-other-good-reads-jan-25-2008.htm#comment-23606 Thanks for the link back to the Carnival of Family Life. Also, I was interested to read your opinion on new mortgages, as my husband and I will be in that boat shortly. Thanks for the link back to the Carnival of Family Life. Also, I was interested to read your opinion on new mortgages, as my husband and I will be in that boat shortly.

]]> By: FrugalTrader http://www.milliondollarjourney.com/rate-cut-carnivals-and-other-good-reads-jan-25-2008.htm/comment-page-1#comment-23590 FrugalTrader Fri, 25 Jan 2008 17:55:22 +0000 http://www.milliondollarjourney.com/rate-cut-carnivals-and-other-good-reads-jan-25-2008.htm#comment-23590 Gates, I think the BOC dropped rates to calm and markets along with trying to nip the recession threat in the bud. The rumour is that the BOC will drop another quarter point this year. Gates, I think the BOC dropped rates to calm and markets along with trying to nip the recession threat in the bud. The rumour is that the BOC will drop another quarter point this year.

]]> By: Gates VP http://www.milliondollarjourney.com/rate-cut-carnivals-and-other-good-reads-jan-25-2008.htm/comment-page-1#comment-23586 Gates VP Fri, 25 Jan 2008 16:50:07 +0000 http://www.milliondollarjourney.com/rate-cut-carnivals-and-other-good-reads-jan-25-2008.htm#comment-23586 What? The Bank of Canada dropped their rate too? Hmmm... I'm the US right now, so I don't get to hear any of this news, but CNN has "fear" and "panic" and "recession" pretty much pasted across the headlines. Unsurprisingly, I've heard nothing of Canada's move. But I am surprised, clearly, the banks are a little more bullish than the bank of Canada. And I'll side with the banks on this one. I'm living here in Kansas City and inflation is pretty evident just from talking to people. Of course, the debt numbers are also really evident. What's not evident is how Canada is experiencing the same factors. It's like the US dropped interest rates to fuel growth and stimulate the economy, and Canada just dropped the rates "just because". Does anyone have a really good reason for the Canadian rate drop? What? The Bank of Canada dropped their rate too?

Hmmm… I’m the US right now, so I don’t get to hear any of this news, but CNN has “fear” and “panic” and “recession” pretty much pasted across the headlines. Unsurprisingly, I’ve heard nothing of Canada’s move.

But I am surprised, clearly, the banks are a little more bullish than the bank of Canada. And I’ll side with the banks on this one.

I’m living here in Kansas City and inflation is pretty evident just from talking to people. Of course, the debt numbers are also really evident. What’s not evident is how Canada is experiencing the same factors. It’s like the US dropped interest rates to fuel growth and stimulate the economy, and Canada just dropped the rates “just because”.

Does anyone have a really good reason for the Canadian rate drop?

]]> By: FinancialJungle http://www.milliondollarjourney.com/rate-cut-carnivals-and-other-good-reads-jan-25-2008.htm/comment-page-1#comment-23583 FinancialJungle Fri, 25 Jan 2008 16:40:37 +0000 http://www.milliondollarjourney.com/rate-cut-carnivals-and-other-good-reads-jan-25-2008.htm#comment-23583 Thanks for the link, FT. Thanks for the link, FT.

]]> By: Canadian Capitalist http://www.milliondollarjourney.com/rate-cut-carnivals-and-other-good-reads-jan-25-2008.htm/comment-page-1#comment-23582 Canadian Capitalist Fri, 25 Jan 2008 16:39:47 +0000 http://www.milliondollarjourney.com/rate-cut-carnivals-and-other-good-reads-jan-25-2008.htm#comment-23582 Thanks for the mention. With inflation muted and the Fed on an aggressive cutting schedule, I think there is a good chance that BoC will also cut rates further. (Though nothing is ever certain). Thanks for the mention. With inflation muted and the Fed on an aggressive cutting schedule, I think there is a good chance that BoC will also cut rates further. (Though nothing is ever certain).

]]> By: ThickenMyWallet http://www.milliondollarjourney.com/rate-cut-carnivals-and-other-good-reads-jan-25-2008.htm/comment-page-1#comment-23581 ThickenMyWallet Fri, 25 Jan 2008 16:31:32 +0000 http://www.milliondollarjourney.com/rate-cut-carnivals-and-other-good-reads-jan-25-2008.htm#comment-23581 Thanks for the link. I wonder how much pressure the Central Bank had to apply to the banks to follow suit? They were pretty instrumental in making sure the players cut a good deal on ABCP being traded and sold in Canada not to mention all their short term infusions of cash into the system. Thanks for the link. I wonder how much pressure the Central Bank had to apply to the banks to follow suit? They were pretty instrumental in making sure the players cut a good deal on ABCP being traded and sold in Canada not to mention all their short term infusions of cash into the system.

]]> By: Silicon Prairie http://www.milliondollarjourney.com/rate-cut-carnivals-and-other-good-reads-jan-25-2008.htm/comment-page-1#comment-23580 Silicon Prairie Fri, 25 Jan 2008 16:22:35 +0000 http://www.milliondollarjourney.com/rate-cut-carnivals-and-other-good-reads-jan-25-2008.htm#comment-23580 If you expect fixed and variable mortgage rates to follow the same trend you could also go with a fixed mortgage and refinance if the rates drop far enough. There will be additional costs, but it might be a fair price for removing the exposure to potential rising interest rates in the future. I'd like to think that mortgage interest rates won't go right back down again so soon after all that's happened. If you expect fixed and variable mortgage rates to follow the same trend you could also go with a fixed mortgage and refinance if the rates drop far enough. There will be additional costs, but it might be a fair price for removing the exposure to potential rising interest rates in the future. I’d like to think that mortgage interest rates won’t go right back down again so soon after all that’s happened.

]]> By: Four Pillars http://www.milliondollarjourney.com/rate-cut-carnivals-and-other-good-reads-jan-25-2008.htm/comment-page-1#comment-23564 Four Pillars Fri, 25 Jan 2008 12:06:58 +0000 http://www.milliondollarjourney.com/rate-cut-carnivals-and-other-good-reads-jan-25-2008.htm#comment-23564 Thanks for the link! Mike Thanks for the link!

Mike

]]>