The next week should be extremely interesting - we have seen the recent volatility on wall stree and the world markets - triggered by overseas -china / subprime mortgages in the US.
This week the fed will finish 2 days of meetings and the stock market will react depending upon what the Fed Chair says. We will also see a Canadian federal budget and the possibility of a spring election. This combined with the potential of inflation in the US and yet the need to reduce rates in order to keep the economy from recesssion - The markets are in a real
conundrum...time will tell what happens - but I am betting the US will ensure they are vigilant for inflation and will try to keep rates constant -
Canada does not have the same housing market but i still think we have more inflation than meets the eye - the economy will show itself to be slowing and we will see lower rates over the next year......time will tell - keep your eyes and ears to the ground - payoff your debts and keep some cash for emergencies
greygoose out....
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