An animated explanation of how an Interest Rate Swap works. Go to www.xponodigital.com to find out how you could get your financial products visualised.
Video Rating: 4 / 5
Low interest rate debt that is easily accessible encourages and enables the masses to engage in obtaining excessive amounts of consumer debt.
It creates affordable financing and then subsequently causes unfordable home prices. Ultimately adding to an already over inflated market place (fuel to the fire essentially).
I do not believe the Bank of Canada will increase interest rates however one thing is certain over the long run interest rates are a measure of risk and these rates are artificially engineered to be low and have created one of the greatest credit bubbles we have ever seen.
IMF cuts outlook for Canada
Moody’s Downgrades Canadas Banks
44% Drop in Canada’s Real Estate Prices
Real Wealth by Bruce Joseph is an real estate blog dedicated to providing unbiased financial awareness. The goal is to prepare, position and prosper during the most adverse economic times in Canadian history. With the later and the right attitude a crisis becomes an opportunity. Don’t let a good recession go to waste!
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