GDP

[seabass]

Rudderless with an anchor for a leader. Everything needs a reset except grain prices. Everything we purchase seems to be overpriced.

[furrowtickler]

Sunny days ahead 🙄

[Klause]

The economy is inflationary and the population is growing so GDP needs to keep up or quality of life starts going down.



4 years ago a big cement /aggregate company in Saskatoon had 300 trucks on the road hauling gravel rock etc. Most to private developers mines etc. Today less than 100 and most working on the two overpasses in Saskatoon. That's telling...


Couple friends went from the oilfield to building houses and now they are out of work again...


Not good.

[Bowerpower]

Maybe its time for a reset? Let it all implode and build it up again? This cheap money policy central banks have pushed on everything was doomed to fail. Eventually the piper needs to be paid.

[ajl]

The economy is inflationary and the population is growing so GDP needs to keep up or quality of life starts going down.



4 years ago a big cement /aggregate company in Saskatoon had 300 trucks on the road hauling gravel rock etc. Most to private developers mines etc. Today less than 100 and most working on the two overpasses in Saskatoon. That's telling...


Couple friends went from the oilfield to building houses and now they are out of work again...


Not good.

Actually the economy is in deflation right at the moment particularly in USD terms. Gas prices 1.15 two years ago in AB, now 0.92. Can get a loaf of bread in NoFrills today for 0.97 which is about the same price as 40 years ago. Nat gas way cheaper than even 15 years ago. In large parts of the US (central and eastern state, you can buy 3.78 L of milk for 0.80 US. Wages in many industries are the same as 20 years ago. This is why government is working over time to manufacture inflation. All that manufactured inflation has done is create asset bubbles.

[Guest]

Anyone check fuel lately ? Up 10 cents here in last 2-3 weeks

[Klause]

Actually the economy is in deflation right at the moment particularly in USD terms. Gas prices 1.15 two years ago in AB, now 0.92. Can get a loaf of bread in NoFrills today for 0.97 which is about the same price as 40 years ago. Nat gas way cheaper than even 15 years ago. In large parts of the US (central and eastern state, you can buy 3.78 L of milk for 0.80 US. Wages in many industries are the same as 20 years ago. This is why government is working over time to manufacture inflation. All that manufactured inflation has done is create asset bubbles.

I agree with all that... What I meant was telling capitalist economic system is inflationary in nature... We are starting to see the deflationary side though... We may soon have a melt down

[farmaholic]

I agree with all that... What I meant was telling capitalist economic system is inflationary in nature... We are starting to see the deflationary side though... We may soon have a melt down

....again? After 08.....then up up and away again to where we are now.

Good thing the Govs printed all that money, otherwise there wouldn't have been enough to go around. Fuel---for the economic engine....bigger and bigger all the time...until it collapses under it's own weight.

I wonder what economies would look like today in the Western World if things would have been left to sort itself out without all the interference. Maybe I wouldn't want to know?

[seabass]

I don't think wages are the same as 20 years ago. We pay alot more for our help now. Problem is everyone wants to be paid well to play on their phone.

[hobbyfrmr]

I don't think wages are the same as 20 years ago. We pay alot more for our help now. Problem is everyone wants to be paid well to play on their phone.

Agreed.

"These wages are kind of low for the stupid hours. I need time off to pursue my personal interests. Look at what my friend snapchatted me!!
Its too hot.
Its too cold.
Ifs too windy