Pandemic Grief, Election Follies, Preferred Shares, Earnings: BCE, D, HR, CUF
This is only a sample of the article, please login to view the entire article
Despite the excessive political and pandemic turmoil, markets are remaining relatively composed. This can be attributed to low interest rates, that leave investors with limited options. Central banks around the globe are ready to add liquidity, or in the words of the new Canadian central bank chief Tiff Macklem to "crush it." Why not when money costs governments next to nothing? On average markets were higher by 0.1% last week,
It has been about 40 years since the interest rate downtrend started. Back then US Central Bank Chief Paul Volcker had raised interest rates to the upper teens and the technological revolution was in early days. In August 1991, 30 years ago, the World Wide Web first became publicly available. It was a world without social media.
For a few of us, there was thinking that interest rates were going to steadily decline, led by the Japan experience where interest rates dropped to below 2% in the late 1990's, never to go above 2% since, and eventually descending to zero.
You must be a member to view the entire article, please subscribe or login