Michael Campbell’s MoneyTalks – Complete Show
Mike talks the impact of higher interest rates, while Kyle Green has a solution for those people who are worried about renewing their mortgage in a couple of years at much higher rates. Plus Tyler Bollhorn on what to do now in the volatile markets, Live from the Trading Desk, The Shocking Stat and much more.
So which is the bigger problem – rising or falling housing prices? There is no doubt that with $600 billion added in new mortgage debt since 2010, falling prices with rising mortgage rates are potentially a much bigger problem. So why are governments actively pushing for lower prices?
Federal spending has cracked the $3billion mark this fiscal year with tax revenues up 6%. Despite the growth in revenues, the debt is racking up. Can Canada continue on this path?
Lets wait for all the details on the Federal Government’s carbon tax, but from the early indications it looks like BC could end up paying the most.
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The Ultimate Financial Reality – Interest Rates Are Rising – Get Ready For the Consequences
Posted by Michael Campbell
on Saturday, 27 October 2018 17:43
It doesn’t matter which political party you support. It doesn’t matter if you’re on the left or right. Higher interest rates are going to cost taxpayers, consumers and home owners.