Here’s another article on how the Bank of Canada is torn between raising rates and not raising rates. It’s amazing how fast things can change. In July, 13 of 13 major Canadian bond dealers predicted interest rates would increase at the BofC’s meeting September 5. Now 11 of 13 think rates will remain unchanged! (Reuters)
The U.S. feds are talking mortgage bailout and homeowners are starting to sue. Should Americans be “saved” by their government for signing inappropriate mortgage contracts? Should they sue? And should they win? What say you?