...geez stop being so sensitive. All I asked is for is at least some comment related to a news post. It wasn't directed specifically to you either.Motoss wrote: ↑gomyone...don't get me started on your "insightfullness"....LMAO
Quote Originally Posted by gomyone View Post
Yeah I did mention to my colleagues that some "extremists" think there will be cuts - they laughed at that too. See, in the real world where people actually trade on views such as this and whose living depends on it - people aren't inclined to jump on extremist bandwagons like Marks. After all, if you cannot put a time frame on something like a cut then it's useless from an investors standpoint.
As I've said before - there is a "possibility" of a cut - just like there is a "possibility" of an asteroid strike. When the CIBC economist that you frequently quote talks of the chance of cuts this is what he means (just as an FYI I can tell from a personal level that this economist at CIBC doesn't believe a cut is going to happen anytime soon). I'm also pretty sure if I showed him any of Mark's crazy and factually incorrect"subprime" posts, he'd laugh at them too!
Anyways, I told myself long ago that I would not get into a back and forth with a couple of RFD bloggers like the two of you as my time is too precious. You win!
PS: Its kind of sad that you and your BFF Ceryx keep bringing up comments I made a number of years ago about an unlikely Bank of Canada cut. And it was the case that the Bank did not cut for three years. You see, my comments were related to the situation back in 2011 not in 2015 when the bank did finally cut. As I said in the comment you quoted, nobody (including I) were expecting the Bank of Canada to cut "anytime soon" . And they didn't. So I was right!
But what's even more bizarre about you and your BFF's obsession with this Bank of Canada cut, is that you two keep on talking about how interest rates will be "going up" and housing will ultimately crash. So far you've been wrong about that for many years. In contrast, I never expected housing to crash, because I didn't expect rate increases. yes, I didn't expect a cut either, and the reason why was because some foolish person on RFD who was subsequently banned, kept on saying the stats were lying and real estate was already crashing and that the Bank needed to cut rates. yes I disagreed with that. I still do. There is no crash.