727 replies to this topic

[Mike K.]

Why is the US economy doing so well and US inflation is at its lowest point in recent history? We were told their economy would falter rapidly due to US tariffs.

[dasmo]

The effects of now don’t happen till later. What we are seeing now are the effects of lifting the Covid mandates and restrictions.

[Mike K.]

That was in 2023.

I’d like to know, why the price of eggs is falling, why inflation has dropped compared to earlier months, and why the stock market is roaring. Experts said the exact opposite would happen. Two weeks ago MSNBC was forecasting an imminent US recession.

[dasmo]

Like I said, takes time to roll into the system and then reflect in the data. What happens today doesn't affect the economy today. 

[Mike K.]

Of course it does. The stock market doesn’t wait. The reaction is instantaneous.

You’re too hung up on COVID. That’s ancient history now. What matters -right now- is whether Canada can undo the tariffs, to yield an immediate positive shift away from the immediate bad shift we saw several months ago.

I still think the way to Trump’s heart is to have Canada invest into the US, and not just wait for the US to show us mercy. That’s an outdated, defeatist way of dealing with them.

[Mike K.]

Holy smokes, right on cue. Maybe they read VV. (I joke).

Instant results expected:

Canada has effectively suspended almost all of its retaliatory tariffs on United States products, tamping down inflation risks and improving its growth outlook, according to Oxford Economics.

- https://financialpos...ons-oxford-says

Our economy was headed for a death spiral if we continued tariffing so many imports. We simply have no leverage here, at all. Our economy is suffering as is without the tariffs, and now we’re headed for a terrible tourism season that will swish Canadian money around domestically, instead of importing US wealth into our economy.

Now what we need is for our governments to stop the veiled attacks on Americans. We desperately need their dollars, with so much of our economy reliant on US tourism.

[dasmo]

Of course it does. The stock market doesn’t wait. The reaction is instantaneous.

You’re too hung up on COVID. That’s ancient history now. What matters -right now- is whether Canada can undo the tariffs, to yield an immediate positive shift away from the immediate bad shift we saw several months ago.

I still think the way to Trump’s heart is to have Canada invest into the US, and not just wait for the US to show us mercy. That’s an outdated, defeatist way of dealing with them.

Nope. there are some immediate effects but there are delayed ones. Is that not evident to you? Look at the QE from the financial crisis. That took time to hit the RE market but it did. The COVID spending took time to create the hyperinflation, but it did. It wasn't the same day.... I am just pointing out a reason why the US is showing economic improvement. It's because it is compared to a financial crisis where manufacturers were pilfering chips out of washing machines in order to build cars, supply chains were severely disrupted, international travel was at a standstill and businesses shut down. I'm not hung up on it, I'm just not pretending it never happened. 

Edited by dasmo, 15 May 2025 - 09:32 AM.

[dasmo]

It's not like I am out on a limb here..... There are immediate effects and long term effects, to most every action. 

[Mike K.]

Why was inflation rising, until Trump took office? What COVID-era decision flipped on, the moment his policies came crashing through the door?

I’m sorry, but I just can’t see it. All the pundits said his brash policies would deliver rapid inflation but we are seeing the lowest rate of inflation since before the COVID era.

[dasmo]

Why was inflation rising, until Trump took office? What COVID-era decision flipped on, the moment his policies came crashing through the door?

I’m sorry, but I just can’t see it. All the pundits said his brash policies would deliver rapid inflation but we are seeing the lowest rate of inflation since before the COVID era.

https://emoryeconomi...ple-edged-sword

[dasmo]

OTTAWA – The Bloc Québécois says it will ask the Superior Court of Quebec to order a new election in the riding of Terrebonne, Que, “as soon as possible,” following the Liberals’ victory by a single vote.

https://nationalpost...n-in-terrebonne

A single vote isn’t enough IMO and should trigger a reelection automatically. Especially with 800 ballots spoiled.

[FogPub]

OTTAWA – The Bloc Québécois says it will ask the Superior Court of Quebec to order a new election in the riding of Terrebonne, Que, “as soon as possible,” following the Liberals’ victory by a single vote.

https://nationalpost...n-in-terrebonne

A single vote isn’t enough IMO and should trigger a reelection automatically. Especially with 800 ballots spoiled.

And if you get the same result again, then what?

[dasmo]

Rock paper scissors

[Victoria Watcher]

OTTAWA – The Bloc Québécois says it will ask the Superior Court of Quebec to order a new election in the riding of Terrebonne, Que, “as soon as possible,” following the Liberals’ victory by a single vote.

https://nationalpost...n-in-terrebonne

A single vote isn’t enough IMO and should trigger a reelection automatically. Especially with 800 ballots spoiled.

I think the court should grant this. Based on that one return-to-sender vote.

I’m less concerned about the spoiled ballots.

[Mike K.]

Case in point, from another post:

April 28:



Barclays says a U.S. recession is increasingly likely, so underweight ‘risk assets’

https://www.cnbc.com...isk-assets.html





May 14:



Barclays Sees No Recession, Fewer Fed Cuts After Trade Truce

https://site.financi...ter-trade-truce

[LJ]

edited

Edited by LJ, 20 May 2025 - 07:58 PM.

[LJ]

Elbows up? More like elbows down and hands folded in lap...

Timeline of Carney’s Tariff Deception

February 1, 2025: Carney promises “dollar-for-dollar retaliatory tariffs” against the U.S., vowing Canada “will not bow down to a bully.”

March 26, 2025: In Kitchener, Ontario, Carney calls for a majority to “fight” Trump’s auto tariffs, labeling it the “biggest crisis in our lifetimes.”

March 27, 2025: In Ottawa, Carney says “nothing is off the table” for countermeasures, promising “maximum impact” on the U.S.

April 1, 2025: In Vaughan, Ontario, Carney rejects attempts to “weaken Canada,” continuing his anti-tariff stance.

April 3, 2025: Carney announces 25% tariffs on non-CUSMA-compliant U.S. vehicles, promising funds for Canadian auto workers.

April 16, 2025: United States Surtax Remission Order (2025), SOR/2025-122, quietly drops tariffs on U.S. goods to near zero – 12 days before the election.

April 26, 2025: In Windsor, Ontario, Carney decries Trump’s “betrayal,” with no mention of the tariff removal.

April 28, 2025: Carney’s Liberal Party wins the federal election, fueled by his anti-tariff campaign.

May 6, 2025: Carney meets Trump at the White House; Trump refuses to lift U.S. tariffs, while Carney’s tariff removal remains undisclosed.

May 16, 2025: social media posts reveal Carney removed tariffs mid-campaign, contradicting his promises.

May 17, 2025: National Post confirms tariffs on U.S. goods dropped to nearly zero, validating Bremmer’s prediction of a quiet fold.

[Mike K.]

What’s worse, is Trudeau prorogued the government in January just after the Christmas break, and under Carney, government won’t be fully back to work until September. We don’t even have a budget.

Whatever happened to the immediacy of the election results and the need to roll up our sleeves, we may never know.

[dasmo]

We can relax. The old world order is still in place. No rush.

[lanforod]

We can relax. The old world order is still in place. No rush.

 

Only one of those sentences is fully true :/