The Death of Inflation

[errolanderson]

Released this morning. This is inflation? . . . .

Annual inflation quickened to 1.1 per cent last month from 1 per cent in January, Statistics Canada reported Wednesday. Economists were predicting a 1.3 per cent pickup in inflation, according to the median estimate in a Bloomberg survey. On a monthly basis, prices rose 0.5 per cent versus economist forecasts for 0.7 per cent.

[furrowtickler]

Yet most things ag related have jumped 20% or more in just the past few months

[ajl]

Yet most things ag related have jumped 20% or more in just the past few months

Ag inputs are really the only place where one sees any inflation. Farmers expect inflation and are rewarded with it. With all the money printing, I am pleasantly surprise that people still accept the canuckistanian loon, which is great while prepping for the coming collapse. Told my wife to stock up on canola productions and we have when we can still find stuff on sale. Biggest worry is higher input prices meeting lower output prices especially canola on the tail end of this inflationary mini boom.

[furrowtickler]

Ag inputs are really the only place where one sees any inflation. Farmers expect inflation and are rewarded with it. With all the money printing, I am pleasantly surprise that people still accept the canuckistanian loon, which is great while prepping for the coming collapse. Told my wife to stock up on canola productions and we have when we can still find stuff on sale. Biggest worry is higher input prices meeting lower output prices especially canola on the tail end of this inflationary mini boom.

That’s exactly what I am concerned about , or if we have a drought and or frost reduced crop for next years inputs .
Could be nasty set up

[macdon02]

Does anyone have the basket of items we actually use in Canada to measure inflation currently? There's been a ton of manipulation, i know that pulled food prices and home ownership in exchange for rent, in the US. Think it would be helpful to know exactly what is being measured. $52 or $56 OSB sheets($1000 lumber a 4x move in 12 months), $18 canola, are excluded. Last time i looked at the actual list it was rigged to not show any inflation.

[Guest]

Yet most things ag related have jumped 20% or more in just the past few months

and lots are up 50%
bet all the big seed co's are kicking themselves in the ass for reselling canola seed lol

[burnt]

4x8 sheet of 3/8 osb board is $45.

If you can find it anywhere.

[macdon02]

Cup and handle formation, very bullish. 10 yr is up 1% since start of 2021. Wife says rates at the bank are starting to creep up for the average person. Id keep 1 eye on this. Don't rely on what you hear. Higher yield = more inflation

[macdon02]

4x8 sheet of 3/8 osb board is $45.

If you can find it anywhere.

I stand corrected, just what i was told, im not building. But was thinking a b train should have an armed escort.

[furrowtickler]

Maybe in a world where one does not have to purchase current inputs , inflation is not a worry . But it sure as heck is in Ag and construction right now .

[biglentil]

Released this morning. This is inflation? . . . .

Annual inflation quickened to 1.1 per cent last month from 1 per cent in January, Statistics Canada reported Wednesday. Economists were predicting a 1.3 per cent pickup in inflation, according to the median estimate in a Bloomberg survey. On a monthly basis, prices rose 0.5 per cent versus economist forecasts for 0.7 per cent.

Does anyone actually believe that? The way yields are rising the market definitely does not buy it.

[jazz]

Lets remember the people who have caused this financial crisis and the others in the past are telling us they can now stickhandle us out unscathed.

That right there should scare everyone.

I would be taking a contrarian bet on this one for sure.

Only deflation I see is in fiat and basic consumer tech, unless that tech is shoved into a vehicle dashboard.

[errolanderson]

Right from the horse's mouth . . . . The Bank of Canada stated they expect inflation to remain in-check as continued excess capacity puts downward pressure on prices. (If I’m not mistaken . . . this is called ‘deflation’).

[biglentil]

Right from the horse's mouth . . . . The Bank of Canada stated they expect inflation to remain in-check as continued excess capacity puts downward pressure on prices. (If I’m not mistaken . . . this is called ‘deflation’).

Same ole jawboning I've heard from the crooks that run the CB for 20yrs, all while they debase the currency at the fastest rate in history. They have to obfuscate the truth to keep the market confused. The original and true definition of inflation is an expansion of the money supply, just like adding air to a tire is called inflating. Price increases are a symptom of inflation. No need to over complicate it. Over inflate a tire with air it explodes, there is no reinflating the tire afterwards, confidence in the tire is lost and the tire (dollar) gets thrown in the trash pile.

Alchemists for centuries attempted to turn lead into gold and they failed miserably. Attempting to turn paper into gold is no different, the failure of the fiat monetary experiment is quickly becoming apparent to everyone . It's never different this time.

[Rareearth]

I do like the various posts and opinions,

Most manufacturing capacity has moved to China, with container availability etc, they cant push “stuff” out fast enough.

Manufacturing is not, and hasn't been a strength in the Canadian economy, taxation, weather, low cost labour, regulatory, unions, etc push manufacturing else where, such as Mexico, Korea, India, and yes China.

So we have a economy in Canada that is a strength, natural resources and agriculture, competitive advantage opportunity, and Skippy does what he can to .uck it.

Thats just not good business 🙁