EQ Bank: 2.05% for a 90-day or 180-day GIC, registered or non-registered | Page 2 | EQ Bank | Discussion forum

It appears inflation will accelerate in America or turn to hyperinflation once the midterm elections are over this November. Meaning Ontario real estate won't implode and EQ bank is safe from insolvency. If I'm wrong about inflation EQ Bank would top the list of banks that would need a bailout or would simply go bankrupt. Short term is the way to go and we'll find out the answer to inflation once the midterm elections are over in America this November. I'm 100 percent certain as if "by magic" inflation will fall in America leading into the midterms this year only likely to skyrocket after the midterms are over at the beginning of 2023 and beyond. If I'm right a short term peak in interest rates will be the middle of 2024 when rents will not be a factor in the CPI in America. The rents will have worked their way completely in the CPI by then. So rates could start to fall around the middle of 2024 for say a year or so before heading back up again as Jerome Powell will always be behind the interest rate curve. Rates could rise almost indefinitely as hyperinflation takes place in America. So a short term lull or drop in interest rates around the middle of 2024 for a year or so then rates will head higher. I don't believe the interest rate hiking cycle will end in 18 to 24 months but will go on for years on end. America is looking at hyperinflation and the wage price spiral reminiscent of the mid to late 1970's and Canada is looking at endless stagflation.