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Thread: Inflation

  1. #271
    Senior Member M1917 Enfield's Avatar
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    Warning! some sarcasm, facetious behavior, satire, irony, dry humor, playful banter and more may or may not be involved in my postings. Please read anything I have written as being said in the most joyful and happy voice you can imagine.

    To whom it may concern: I hereby declare I am not responsible for the debts incurred by one Justin Trudeau!

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  3. #272
    Senior Member M1917 Enfield's Avatar
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    Warning! some sarcasm, facetious behavior, satire, irony, dry humor, playful banter and more may or may not be involved in my postings. Please read anything I have written as being said in the most joyful and happy voice you can imagine.

    To whom it may concern: I hereby declare I am not responsible for the debts incurred by one Justin Trudeau!

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  5. #273
    Senior Member M1917 Enfield's Avatar
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    Warning! some sarcasm, facetious behavior, satire, irony, dry humor, playful banter and more may or may not be involved in my postings. Please read anything I have written as being said in the most joyful and happy voice you can imagine.

    To whom it may concern: I hereby declare I am not responsible for the debts incurred by one Justin Trudeau!

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  7. #274
    Senior Member M1917 Enfield's Avatar
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    Last edited by M1917 Enfield; 05-02-2021 at 09:45 AM.
    Warning! some sarcasm, facetious behavior, satire, irony, dry humor, playful banter and more may or may not be involved in my postings. Please read anything I have written as being said in the most joyful and happy voice you can imagine.

    To whom it may concern: I hereby declare I am not responsible for the debts incurred by one Justin Trudeau!

  8. #275
    Senior Member RangeBob's Avatar
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    you can see the pandemic effect in the Canada new housing price index.

    -- https://tradingeconomics.com/canada/housing-index

    Bank of Canada is trying to taper their QE/bond buying program.

    Quote Originally Posted by 350 Mag
    Seen on BNN Bloomberg.

    Tax expert on what rumors he is hearing from Ottawa.

    Possible hike in GST.

    Bumping up of Capital Gains inclusion rate up to 75 or possibly 100%>

    Changes to primary residence house sale taxes. Having a cap per spouse pro rated by years lived in...meaning IF your each allowed 250,000 you can take 500k from the sale of your house and the rest, IF higher, will be Capital Gains.

    Also he mentioned/hinted at "Unrealized Capital Gains Tax" on property's.

    Also mentioned a Wealth Tax.

    So the well-to-do Middle class and Rich(that doesn't have political connections) are going to have to bend over....and NO they won't be using any lube.

  9. #276
    The Gunsmithing Moderator blacksmithden's Avatar
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    Bumping up of Capital Gains inclusion rate up to 75 or possibly 100%>
    I'd poison the land and burn the house to the ground first. Gold is looking better and better everyday.
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    June 2013 - The High River Gun Grab - NEVER FORGET !!!!
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  11. #277
    Go Canucks Go! lone-wolf's Avatar
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    Bank Of Canada Is “Discrediting” Its Own Inflation Research, Puzzling Economists : NBC

    Canada’s central bank made an unusual move last month — it discredited its own inflation position. National Bank of Canada (NBC) deputy chief economist Matthieu Arseneau is “puzzled” why. In his latest report, he questions why the Bank of Canada (BoC) thinks its preferred measures overstate inflation. The economist took a dive through the data and found high inflation is very much a reality. He also can’t find any significant data to support why the central bank would conclude inflation is overstated.

    Bank Of Canada Discredits Its Own Inflation Research
    The BoC’s April Monetary Policy Review (MPR) said inflation data would be unreliable. More specifically, the three measures — CPI-trim, CPI-median, and CPI-common would be unreliable. Arseneau says, “last week’s imbroglio [embarrassing situation] over inflation in Canada comes at a bad time.”

    The BoC previously said these are the preferred measures of inflation. In fact, they originally liked them to solve the current issues they have stated are occurring. Arseneau points to the January 2017 MPR. In it, the central bank said the three measures of CPI were superior because they minimized the impact of sector-specific shock in readings. They repeated this sentiment in 2019 again.



    In plain english, the BoC previously said we should ignore sector-specific shocks. This is when only parts of the economy are impacted by a downturn. It would be silly to treat the whole economy as though it were in a recession, when it’s just one or two specific areas that need help. This is like trying to hammer a nail into a wall with a bazooka filled with cash. Sure, it might work — but you created a giant mess, because you didn’t want to look for any other tools.

    No Reliable Data To Back The Bank Of Canada’s Statements
    The central bank stated the pandemic resulted in an overestimate of annual inflation. “Does that mean the measures preferred by the Bank since 2017 are inappropriate under current conditions?” he asks.

    Arseneau says CPI-trim would overestimate “if a large number of components initially fell sharply and then recovered gradually.” That’s what the BoC is implying happened. That’s not what NBC found when running the actual numbers.



    “What’s he [Macklem] referring to here?” he asks. The bank looked at 55 components, and its economists were “puzzled.” They only found four components to show a large drop, and slow recovery: rental housing, fuel oil and other fuels, gasoline, and the use of recreational vehicles. Those are the four nails the bazooka is out for, apparently. Other than that, there’s not much else in the index with an annual growth skew.

    “In our view, the Bank of Canada should not be overemphasizing sector-specific shocks which may be temporary,” he said. “It is ironic in our eyes that the central bank is discrediting the core inflation measures it has favored since 2017 for one of the reasons that led it to favor them.”

    Inflation Is Running High, And It’s Not Due To A 12-Month Data Skew
    The bank found it “surprising” the BoC is wondering what the numbers look like, when the data exists. Statistics Canada (StatCan) only shares the 12-month changes of the CPI indexes. However, NBC reconstructed the CPI measures “exactly” using StatCan data. This allows them to look at more recent growth instead of just the pre-prepared annual rate of change.



    The bank found in March, CPI-median increased 2.7% over the past 3 months when annualized. CPI-trim increased by 3.0% annualized over the period as well. In other words, the acceleration is recent. It has little to do with the 12-month change. The bank urges the BoC to “acknowledge that sector-specific downturns have fortunately had little disinflationary effect on the economy as a whole.”

    The bank acknowledges unprecedented times require a deeper dive into the numbers. However, the monetary system of one of the world’s largest economies needs to run on data. “In our opinion, the BoC needs to provide more compelling arguments than those presented in a simple box with no reference to staff research on this matter to convince us that it is time to look to alternative measures of inflation.” he said.
    https://betterdwelling.com/bank-of-c...-AT6oHCP5J4YbU
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  12. #278
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    I just heard someone else mention this, and then I saw this pop up in my feed...

    "Transitory Hyperinflation" are words that are actually spoken by [allegedly] real human beings...



    BofA: "Transitory Hyperinflation Ahead"
    May 4, 2021
    https://www.zerohedge.com/markets/bo...nflation-ahead

    Last week, when discussing the latest earnings call commentary, Bank of America said "Buckle up! Inflation is here", and showed a chart of the number of mentions of “inflation” during earnings calls which exploded, more than tripling YoY per company so far, the and the biggest jump in history since BofA started keeping records in 2004.



    Who knew that just one week later BofA would need a bigger chart... a much bigger chart.

    As BofA's Savita Subramanian writes, after the third week of earnings. mentions of “inflation” have now quadrupled YoY; and after last week, mentions have jumped nearly 800% YoY!



    While the implications are obvious, we leave it to Bank of America to explain what this means:

    On an absolute basis, [inflation] mentions skyrocketed to near record highs from 2011, pointing to at the very least, “transitory” hyper-inflation ahead.

    Yes... really:



    Because if there is one thing hyperinflation is, it's "transitory."
    Last edited by joe6167; 05-04-2021 at 03:43 PM.
    Successfully escaped this crazy quack s***hole country ALIVE - 12/26/2017!!!

    Give your family tree a good shake and see if you have any dual citizenship that you can use to GTFO of this crazy quack s***hole country!

  13. #279
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    https://mikesmoneytalks.ca/category/...w-of-the-week/

    Michael Campbell has been uncannily correct on many things for the thirty years I've followed him (my father and uncle recruited me). I think GOCers would like him.

  14. #280
    Resident Combine Pilot JustBen's Avatar
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    So this has me questioning some of my plans...

    I sold my camper trailer last weekend. After owning it for 5 years from new, I managed to recoup about 80% of the purchase price. Not bad for a depreciating investment.

    Now with these other things going crazy, I’m actually considering selling a 4 acre parcel I purchased last year. Based on other sales in the area, I’m thinking it might be possible to actually double my money on it. I’m thinking that I can capitalize on the markets now and buy something better or comparable in the future that provides better value for my money.

    Do we really think that the government wants to see hyper inflation? Would the government further impair mortgage borrowing in an attempt to cool down housing prices? Either way, it’s going to be interesting.

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