Useless Creature

 

Punching Pug

Emergency Fund

Caption: “Time Sale of HDTVs! – Thank Goodness for Emergency Funds”

What is your defenition of “emergency”??

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Why Interest Rates are Lowered

Usually it’s lowered to boost the economy so people are encouraged to borrow money (interest rate is low) and use it.

Who is happy when interest rate gets lowered?

  • debt holders (but credit card interest doesn’t get lowered usually…)
  • bond holders (because bond price has an inverse relationship with interest rate)
  • People getting or renewing a mortgage (because mortgage rates follow the benchmark rate)
  • People getting a loan

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Why Interest Rates are Raised

The real reason why interest rates are raised.

Last week, Bank of Canada hikes overnight rate for second time in two months.

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Buy Low, Sell High

Not Buy High, Sell Low…

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