High debt companies will struggle over the next 5-years: former OMERs

Martin Pelletier, senior portfolio manager for Trivest Wealth at Wellington-Altus Private Counsel, joins BNN Bloomberg to discuss the latest on the markets, and how the Canadian economy compares to the U.S.'s in the current climate.
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[@mqii]

So are those guys with a huge mortgage, they are going to be stuck and would be hard to sell for a good price 😢

[@nairnbaker7385]

They'll learn a lesson on leverage and markets.

[@TheJoeMoneyShow]

Everyone is fine!

[@JimCCorn]

OMERS always lags behind other large pension funds on returns. I not sure I would be listening to these guys.

[@user-kv4kp4co1r]

Reducing interest rates is akin to adding fuel to the persistent fire of inflation. I often liken inflation to our blood pressure. The inflation, or blood pressure (BP), skyrocketed due to an unprecedented amount of money being printed (Quantitative Easing or QE). Then, the medication (higher interest rates and Quantitative Tightening or QT) managed to lower the BP (inflation to 2.7). We understand that our BP should ideally be 120/80, which equates to a 2 percent inflation rate. Now, picture this: the doctors (or so-called experts) are suggesting that it’s okay to start eating red meat again. We all know the consequence - the BP will inevitably rise (inflation will swiftly increase from 2.7 percent to 3 percent and higher..). The BOC is aware that it needs to maintain higher interest rates to stabilize the market, and then it needs to persistently keep the rates high (four hundred basis points) to ensure the economy’s well-being. BOC's message is very clear, its the delusional low rate addicts who want more booze..

[@JessT-vg7ib]

I don't give a rats behind about businesses...it's a free market...if they made bad decisions then the market has a way of weeding them out.

[@APICSKH]

Is TDAM still in business, I thought they might be going under water with all this money laundering nonsense.

[@Relaxlifeisshort2]

Yeah and no jobs lol sure