Quote:
Originally Posted by PeteMoss
Pretty sure the vehicle thing is exactly what the interest rates are trying to influence. There was supply issues with chips but that is quickly fading as many electronics (PCs, etc) markets are being hit hard already. Companies are trying to catch up to the backlog from past supply issues, but raising interest rates also lowers the demand. https://europe.autonews.com/automake...023-some-risks
Barring another world changing event - inflation will be back to normal at the schedule opendoor posts above. Just looking at the container rates to ship from Asia to North America - they are down to basically pre-pandemic rates after increasing like 500% from 2020-2022. |
Container rates are mostly down because large corporate buyers like Walmart are sitting on tons of inventory on shore that they need to get rid of. Everyone know that was coming.
It doesn't necessarily mean that the supply chain has gotten better for things like computer chips, nor does it mean vehicle prices are coming down.
Now, I do expect that if you hammer away at this long enough, the economy will basically blow up, which seems to be what the BoC is going for.
But man, such a terrible policy if you have an economy with record immigration levels, housing prices that don't want to come down like they should, housing shortages, low unemployment, rising wages, and private sector job growth.