Inflation’s Collapse

[furrowtickler]

The slowdown in consumer spending right now is amazing. This is already a deep recession. It will take the government 6 months to figure this out and central bankers . . . good grief!

But retailers are already sensing this storm and in-preparation. There will be layoffs as consumer spending is now in stall mode.

Academia decision makers can't match the speed or react correctly to avoid this fallout. And the brunt of this economic storm is apt to hit in 2023 (in my view). Inflation will be in real trouble, long before then. Big discounts ahead.

Apologies for sounding so pissy right now, but this fallout can be seen from a mile away . . . and the damage is already done from poor central bank policy creating this mess . . . .

Your right , and that is a direct result of the runaway inflation that is decimating the average persons income

[WiltonRanch]

Canada has had wide open immigration for 20 yrs and it has done nothing to stop the slide.

New immigrants land in our big over priced cities, start living multiple generations and multiple jobs to keep up with our insane inflation rate, over regulation and poor productivity. They have no time or resources to upgrade themselves and fall into the service sector and stay there.

Then they stop having kids as soon as they start tallying up the costs to educate them. You see many new immigrants with more than 2 kids.

The costs in Canada and our govt run by childish fools is our biggest impediment.

Exactly Sir. How many immigrants here with good educations and potential to fill highly skilled job vacancies but their qualifications aren’t equivalent and process to get to equivalency not worth it so they drive cab or sell furniture at the brick. There are lots of philipinos here and I’ve met lots with good educations and work experience from back home working in kfc.

[furrowtickler]

[Taiga]

There are still people seeding around here.
There are fields with no emergence yet.
Mine are only partial emergence, very uneven due to moisture (nothing in the wet spots, it won’t dry).
Purchases are on a must have basis only. Food and fuel and critical repairs. Everything else is being pushed off.
If we get an early fall/winter it will be extremely painful for many.
Lucky to have $9 nat gas here and oilfield activity.

[AlbertaFarmer5]

There are still people seeding around here.
There are fields with no emergence yet.
Mine are only partial emergence, very uneven due to moisture (nothing in the wet spots, it won’t dry).
Purchases are on a must have basis only. Food and fuel and critical repairs. Everything else is being pushed off.
If we get an early fall/winter it will be extremely painful for many.
Lucky to have $9 nat gas here and oilfield activity.

Been there, done that enough times that I can empathize. Can you remind me again where you are at? Peace country somewhere correct?

[Taiga]

Been there, done that enough times that I can empathize. Can you remind me again where you are at? Peace country somewhere correct?

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.

[sumdumguy]

My Prediction : Putin is having severe medical issues. Pretty soon he’ll be Putin a box. Oila down with Putsky.

[TSIPP]

I’m hoping we don’t start talking about the “Putin price hike” Biden likes that talk, he really should be embarrassed even mentioning this. .

[errolanderson]

Don’t need any central bankers to battle inflation. Just kill the market and throttle credit . . . Presto!

[sumdumguy]

Banks will squeal big-time. Their shareholders like it much better when they are pumping free money and collecting the spread.