MY OPINION: This is a Much needed move to start bringing prices down to earth ! cities are abandoning with a youth mas exodus and talent moving south of the border .
Brace yourselves, investors: We’re about to experience the steepest rate hikes since 2006
With the world economy heading into its strongest period since 2011, Citigroup Inc. and JPMorgan Chase & Co. predict average interest rates across advanced economies will climb to at least 1 per cent next year in what would be the largest increase since 2006.
As for the quantitative easing that marks its 10th anniversary in the U.S. next year, Bloomberg Economics predicts net asset purchases by the main central banks will fall to a monthly US$18 billion at the end of 2018, from US$126 billion in September, and turn negative during the first half of 2019.