4570 replies to this topic

[dasmo]

Also from the article. “ The panel also ordered that the fines the Pawlowskis paid be reimbursed, and that the Pawlowskis' costs, set at $15,733.50, be paid by AHS to the brothers.”

[Spy Black]

I’m glad you enjoyed the article I posted. I aim to inform. Although I didn’t add anything and just quoted from it so I’m not sure why you are clutching your pearls so tightly…

LOL! ... no pearl clutching here!

 

Believe me, we all get (after your endless silliness here on the forum) that you believe COVID was a hoax ... it's time for you to move on with your own life before you bore us all to death. 

Edited by Spy Black, 22 July 2022 - 06:00 PM.

[dasmo]

He says while clutching his pearls even tighter realizing he was fooled by this one….

Edited by dasmo, 22 July 2022 - 06:06 PM.

[Victoria Watcher]

Canada is in the throes of a serious labour shortage, but economists say it's not all the pandemic's fault — it's the inevitable culmination of a seismic demographic shift decades in the making.

"It's the slowest-moving train on the planet. It was predictable 60 to 65 years ago, and we have done nothing about it," said Armine Yalnizyan, an economist and Atkinson Fellow on the Future of Workers. "We knew this transition was going to happen."

https://www.cbc.ca/n...ments-1.6529325

Edited by Victoria Watcher, 23 July 2022 - 05:36 AM.

[Mike K.]

We didn’t do anything about it, because politicians work on 2-4 year cycles.

Unless it’s taxation policy, then the outcomes are tethered to timelines well beyond their influence.

[Victoria Watcher]

 

https://www.worldome...country/canada/

[dasmo]

Doesn’t look like anything done had any impact on anything. Otherwise we would see some sort of reduction in 2021 and 2022. It look suspiciously like the seasonal flu chart that goes back as far as data collection started, except for these same years where it magically disappeared. Cue Spy clutching his pearls…

[Victoria Watcher]

7 day average deaths has hit ZERO.

 

https://www.worldome...country/canada/

 

 

 

 

 

Toronto commuter trains only at 47%of pre-pandemic load.

 

 

 

While trains are getting busier, overall ridership is about 47 per cent of pre-pandemic levels, so scheduled express trips don’t make the best use of the trains and crews available. Metrolinx will continue to monitor ridership closely and will ramp up service in phases, including the eventual reintroduction of express trips.

 

 

https://blog.metroli...ains-right-now/

 

 

 

Vancouver commuter train at 26% (May).

 

 

 The West Coast Express, however, lagged far behind at just 26 per cent.

 

 

 

https://www.maplerid...ress-ridership/

Edited by Victoria Watcher, 28 July 2022 - 02:07 AM.

[Victoria Watcher]

 

 

[dasmo]

What is it when inflation is high, growth is shrinking and employment is high?

[spanky123]

I love the headlines. The definition of a recession is two consecutive quarters of decline yet the MSM play it like there is still uncertainty.

 

https://www.investop...r/recession.asp

[Mike K.]

They would have proclaimed the US was in a quote-unquote recession six quarters ago had a Republican been in office.

[spanky123]

The 5YR bank of Canada bond yields have dropped significantly over the past two weeks strongly suggesting that interest rate hikes (and mortgage prices) have peaked or are close to peaking.

 

Looks like the Feds are deciding that protecting housing prices and their debt payments are more important than inflation.

[dasmo]

They can’t control what they started and desperately want to be re-elected. So inflation AND high interest rates isn’t the best idea right after messing with people’s lives in the most intrusive way in generations….

[Victoria Watcher]

CBC:

U.S. GDP shrinks for 2 quarters in a row, meeting bar of what some say is technical recession



“Some say”
“Technical recession”

[lanforod]

Canada is probably hands tied now for handling inflation in any elegant manner. There is too much printed government money in people's pockets from the last couple of years without the GDP growth to show for it, combined with the political unwillingness to actually do something to reduce energy prices here, which is one of the core reasons for high inflation (and only part of that is on the war in Ukraine). 

[Mike K.]

Yeah, we’re maxed out for now, and the next big move could very well be a lowering of the rates to spur economic activity once inflation slows, but still ends up well above 2%.

I don’t even know why we tolerate 2%. Compounded it’s nearly 25% every decade. Meaning prices more than double every two generations. That’s nuts.

[spanky123]

They can’t control what they started and desperately want to be re-elected. So inflation AND high interest rates isn’t the best idea right after messing with people’s lives in the most intrusive way in generations….

 

They can control the bond and thus mortgage rates by purchasing bonds and printing more money. They can't control inflation though.

 

As we have said though, inflation is the Feds friend as it devalues the debt. I am sure that the only reason the Feds are hesitant to let it run is the political damage.

Edited by spanky123, 28 July 2022 - 08:20 AM.

[spanky123]

Yeah, we’re maxed out for now, and the next big move could very well be a lowering of the rates to spur economic activity once inflation slows, but still ends up well above 2%.

I don’t even know why we tolerate 2%. Compounded it’s nearly 25% every decade. Meaning prices more than double every two generations. That’s nuts.

 

Our entire financial system is based on slow growth. That could be rejigged of course but too much rides on the status quo

[spanky123]

“Some say”
“Technical recession”

 

A few weeks ago I referred to an article in the G&M that claimed that inflation wasn't caused by excess money flow but instead was caused by people thinking there was inflation. As ludicrous as that statement sounds it seems like that type of thinking is prevailing over many aspects of our economy and politics. If we deny there is a recession then there won't be a recession. If we tell ourselves that Ukraine is winning the war they will win the war. Obviously there is nobody with integrity left in the MSM to call these clowns out.