Fast Moving Incoming Recession . . . .

[FarmJunkie]

Liked the man and most of what he was trying to do for Canada but he is no different than any other politician. Doesn’t matter the party they all get greedy and want to look out for their own best interests. Which he did. The list is long of politicians that could have been great and done the right things for all Canadians but somewhere along the way they get “distracted” from what their job description entailed.

[Sodbuster]

At the very least Martin was the only and last political figure that could balance a budget, and even managed to have a few surplus budgets. No other party has managed this in the last 40 years. The present Liberal government is a real $hit show, both financially and ethically.

[wheatking16]

Hobbyfarmer mentioned Bitcoin.

Today's Chart of the Day illustrates the relative performance of Bitcoin to Gold.

https://klarenbach.substack.com/p/chart-of-the-day-bitcoin-vs-gold

[errolanderson]

U.S. economic growth now slowing sharply in 3rd quarter. Big miss by Amazon just reported. Consumer spending appears now in-a-tailspin.

Bank of Canada claims they will stop printing money and hike rates by next April. Nothing to see here . .’. .

Fed trying to slow the presses, stimulus has actually made central bank economic desperation even worse (IMO).

Stock markets at record levels, on what? And inflation is here to stay even though consumer spending appears to be kicking-the-bucket.

Manipulation is now butting heads with true economic reality . . . .

[Old Cowzilla]

Marketers are using the ( shortage card ) to convince people to shop early and spend more for christmas presents this year. Tiss that special time of year ya know.

[burnt]

My man was Paul Martin, since then there has been no P.M. or opposition leader worth mentioning.

Just questioning Jazz's yearly prediction on the down fall of the Cdn$.

Since you weighed in on the topic what does crystal ball tell you, or would you like let Jazz handle it?

So it appears that my #1 fan imbibed the Librano liquor and took a Rip Van Winkle from 2006 - 2015.

[errolanderson]

Marketers are using the ( shortage card ) to convince people to shop early and spend more for christmas presents this year. Tiss that special time of year ya know.

Port of Los Angles and Port of Long Beach have to unload and ship out 60,000 containers by Halloween night as $100 per day per container penalties kick-in starting November 1st. But this won't remotely be able to be achieved and penalties won't fix the congestion. This is beyond the shippers control.

Ironically, pre-Xmas inflation may turn into post Xmas retail discounts due to logistics and the slowdown in spending patterns . . . .

[ajl]

Port of Los Angles and Port of Long Beach have to unload and ship out 60,000 containers by Halloween night as $100 per day per container penalties kick-in starting November 1st. But this won't remotely be able to be achieved and penalties won't fix the congestion. This is beyond the shippers control.

Ironically, pre-Xmas inflation may turn into post Xmas retail discounts due to logistics and the slowdown in spending patterns . . . .

That is a great plan by worthless government idiots trying to solve a problem they created in the first place. I am sure it will work well. Kind of sad that we have to hope for a severe depression to come and save us from covid madness but that is the world we currently live in.

[Old Cowzilla]

Give everybody a gift card at christmas it will have twice the buying power by end of January , WINNING !!!!!!!!

[helmsdale]

Marketers are using the ( shortage card ) to convince people to shop early and spend more for christmas presents this year. Tiss that special time of year ya know.

Considering the year that was had here, I'm thinking christmas presents for the kids will be spartan, and for the wife, hopefully she's happy with me holding a gift wrapped box somewhere around my mid-section?

"What's in the Box?"

But lord knows, that leads to more kids to buy christmas presents for... quite the conundrum!

[jazz]

US printed up like 10 Trillion and got 2% GDP. Canada printed up 500 B and got 0.5% GDP. Absolutely stunning.

[errolanderson]

US printed up like 10 Trillion and got 2% GDP. Canada printed up 500 B and got 0.5% GDP. Absolutely stunning.

Money printing has just made the financial cliff steeper for global economies. Wait until the discounts hit markets . . . central banks and their decade long rescue missions are pretty-much finished (IMO).

[biglentil]

Money printing has just made the financial cliff steeper for global economies. Wait until the discounts hit markets . . . central banks and their decade long rescue missions are pretty-much finished (IMO).

And then what?

[jazz]

And then what?

Then CBDC

[errolanderson]

Central bank digital currencies, still conceptual in development. Cryptos appear to have pushed central banks into digital era.

So what exactly is the future of money? How will the fallout in economies impact currency? I’m confused.

All I know, its a trainwreck in the making . . . .