BOC - Higher interest rates coming

[trent]

It was about time...

http://www.google.com/hostednews/ap/article/ALeqM5hxpME1qY0XXDhr6qTXl3m692diIwD9F6RHRG0

[Canadian]

That's good news indeed. The only ones that believed or should I say hoped that interest rates will remain that low for a long time, were overstretched borrowers.

[Rickson9]

Unfortunately the impact has had no effect and anybody who watched the posted 5 year government of Canada bond had already seen this coming. No news is no news.

[trent]

Unfortunately the impact has had no effect and anybody who watched the posted 5 year government of Canada bond had already seen this coming. No news is no news.

Here is news for you Rickson - Nobody watches the posted 5 year government of Canada bond. You either give the Average Joe too much credit, or you are absolutely clueless.

[Rickson9]

Here is news for you Rickson - Nobody watches the posted 5 year government of Canada bond. You either give the Average Joe too much credit, or you are absolutely clueless.

It's unfortunate that you have such a low opinion of Joe Average. It is also unfortunate that crashes aren't precipitated by indicators that are easily identified and already priced in.

[trent]

It is also unfortunate that crashes aren't precipitated by indicators that are easily identified and already priced in.

Like the stock markets yesterday and today right :p

[Rickson9]

Like the stock markets yesterday and today right :p

Correct. Nobody can definitively identify which indicator(s) caused it.