Inflation’s Collapse

[errolanderson]

Housing correction/ swoon/ crash underway. Some real estate markets already reported down 20 per cent or more. This housing fallout could rival 2008.

Fed is totally out-of-step. Talk of 1/2 to 3/4 percent further hike ASAP with consumer now throwing in-the-towel. Now more bizarre talk from Yellen that U.S. Congress should allow the Fed to buy stocks as a rescue plan.

Folks, we are heading into serious financial turmoil and heavy deflationary pressures with this stoned leadership of Peter pays Paul . . . .

[Guest]

well , hey, wait now............
who in **** in their right mind could make any sense outta buying a $1.6M knockdown on a small lot in hongcouver???????
this is exactly what is needed
farmland will never go down either ...............*****

[furrowtickler]

What get me is the labour shortages.

Every business in saskatoon is looking, advertising, hiring. Every where i look the usa, china, europe there are labour and manufacturing labour shortages.
Did global population growth stop?
Or demographics where every one globally retired, died, etc?

Every one needs labour, businesses must pay and compete to buy labour or close shop. Wages will go higher, housing will still be in demand, quality of life goes up, debt goes up, inflation will stay up, slowing very slowly.

It aint over yet

This billboard speaks a “billion” words …

[ALBERTAFARMER4]

Western Peace, NW of GP

Regarding people wanting to work, was looking for unskilled bodies to fill a pair of coveralls for $450/day, camp provided. Zero local applicants. Closest I got was a guy from southern SK and a guy from southern BC.
The BC guy quit as soon as he banked enough hours to qualify for EI.

I thought you don't get EI if you quit a job. Only if you're laid off.

[Taiga]

I am surprised McDonald’s isn’t fully automated yet. That assembly line ‘food’ is perfect match for this.

[Guest]

I thought you don't get EI if you quit a job. Only if you're laid off.

nope , not the liberal way
not necessary to work

[Partners]

nope , not the liberal way
not necessary to work

Cerb did wonders.

[helmsdale]

Cerb did wonders.

I remember that not so distant past when "lifeguarding" was a heavily desired job for high schoolers, and those in university. They could set pretty lenient hours, work on their tan, have evenings or mornings off depending on what your priorities for free time were.

They're having one hell of a time staffing the local pool in town...
1) nobody bothered to get recertified to lifeguard during the pandemic
2) there are a select few jobs with the local municipality that are offering $20/hr wages for summer students

Did EVERYONE get hired by the local municipality to spray ditch sides, and pick weeds? I doubt it... There is usually only 4 or 5 positions, so that means that a whole slug of individuals are going to take the summer off AGAIN, and sit at the lake in their parents R.V., go water skiing, and drink beer?

On second thought, what the hell am I doing farming when I could go make nearly $20/hr working on my tan? Hell I think they're pushing $20/hr to do just about anything anymore! If i tallied up all my hours, and divided my take home pay by that, it isn't even close!

[LEP]

I remember that not so distant past when "lifeguarding" was a heavily desired job for high schoolers, and those in university. They could set pretty lenient hours, work on their tan, have evenings or mornings off depending on what your priorities for free time were.

They're having one hell of a time staffing the local pool in town...
1) nobody bothered to get recertified to lifeguard during the pandemic
2) there are a select few jobs with the local municipality that are offering $20/hr wages for summer students

Did EVERYONE get hired by the local municipality to spray ditch sides, and pick weeds? I doubt it... There is usually only 4 or 5 positions, so that means that a whole slug of individuals are going to take the summer off AGAIN, and sit at the lake in their parents R.V., go water skiing, and drink beer?

On second thought, what the hell am I doing farming when I could go make nearly $20/hr working on my tan? Hell I think they're pushing $20/hr to do just about anything anymore! If i tallied up all my hours, and divided my take home pay by that, it isn't even close!

Unfortunately the pool isn't paying employees for the 100 hrs a week like you work on the farm.

The patch has a severe shortage of labor. Frac costs up 20% this latest go around. Also heard service rigs are paying $78/hr for experienced labor around Estevan.

[TOM4CWB]

Unfortunately the pool isn't paying employees for the 100 hrs a week like you work on the farm.

The patch has a severe shortage of labor. Frac costs up 20% this latest go around. Also heard service rigs are paying $78/hr for experienced labor around Estevan.

This means experienced farm equipment operators won't be far behind...