Inflation’s Collapse

[shtferbrains]

Housing starts areway down due to interest rates making them unaffordable.

[jazz]

Housing starts areway down due to interest rates making them unaffordable.

Ford was just rattling on TV that Ontario needs to build 1.5m homes just to cover the influx that has come so far. Thats documented people. Builders are cancelling their projects because they dont think their clients can qualify for the mortgages.

Add in another 500k this year and next and next and the 2m undocumented that snuck in. And she is the making of biggest clusterfck this country has ever seen. And no new oil and resource projects to carry the day.

For reference, the entire country only builds 350k homes per year.

[BreadWinner]

Ford was just rattling on TV that Ontario needs to build 1.5m homes just to cover the influx that has come so far. Thats documented people. Builders are cancelling their projects because they dont think their clients can qualify for the mortgages.

Add in another 500k this year and next and next and the 2m undocumented that snuck in. And she is the making of biggest clusterfck this country has ever seen. And no new oil and resource projects to carry the day.

For reference, the entire country only builds 350k homes per year.

I remember a time when people could build their own home. Now with all the red tape and rules that is not possible. There in itself is the problem, bureaucracy is killing Canafa.

[biglentil]

Homes and land are not rising in value. Value is a constant an acre grows an acre of food and a house shelters a family. What we are witnessing is the failure of fiat currency chasing perceived safe haven stores of value. You are no more wealthy if your family home or land has quadrupled in price.

[jazz]

Looks like the Canadian and US economies have decoupled thx to our marxist retards in charge. And trudeau decoupled the loon from oil.

Hope you have all your big equipment and parts purchases cause the loon is likely going lower.

https://twitter.com/therealhebrahim/...74129593720965

[shtferbrains]

Can$

Seems to be on a down trend steeper than seen since ???

$1.36 for $1USD today.

[biglentil]

More interest rate hikes incoming

[rumrocks]

Just about everything but the air we breath,
taxes seem to be more than temporary.

[TOM4CWB]

Ironically Trudeau is taxing the air. The Carbon Tax.

Blessings and Peace. Evil is ever present… we fight against Evil Principalities and Powers in high places…. No surprise. Prayers are Wisdom

[sumdumguy]

Central bankers are lost. There is no more manipulation that can resuscitate the economy. And then U.S. bankers now suggesting 7 to 11 rate hikes over the next year. And $185 oil price projections. Which economic school taught this math?

Interest rates hike em, drop ‘em, doesn’t much matter anymore. Apologies for being so cynical . . . .

The only way to resuscitate this economy is by pumping: pumping oil, pumping nutrients into crops, pumping water into the ground to extract potash. Pump everything except LGTBS, India problems, China problems, Trudoo, Freeboo, Geeboo. 😆