Inflation’s Collapse

[biglentil]

Commodities have never been cheaper when compared against the S&P. Either the S&P is overvalued or commodities are cheap.

[jazz]

Watch for the same for Canadas fake economy


Fitch downgrades US' long-term ratings from 'AAA' to 'AA+' - Ratings agency expects 'fiscal deterioration' of US 'over the next three years'

[Old Cowzilla]

Commodities have never been cheaper when compared against the S&P. Either the S&P is overvalued or commodities are cheap.

Wheat is at fire sale prices when you see what's happening around the world these days. Soooo Russia is going to give Africa free wheat ---- cause their loaded with cash ????

[biglentil]

A rising cpi is the result of two main factors the inflation of the money supply and velocity. The fed just recorded the highest print of velocity ever of 10.9%. Strong velocity can be an indicator of a strong economy, but thats not the case. With the resent Fitch credit downgrade of the US and in anticipation of the Brics summit August 23rd dollars are being dumped. This may be the eye of the hyperinflationary hurricane, or more correctly a hyper CPI hurricane as a deluge of USD comes home to roost. No one wants to be caught holding a hot potato.

[errolanderson]

China CPI index just released has turned negative (deflation). China imports down 12% year over year. China exports down 14% over past year. Bearish global commodities including overbought oil (IMO). Industrial metals under pressure.

Canada’s true CPI index is also negative (deflation). Costco slashing prices up to 25% reported (deflation). U.S. home mortgages heading under water. More bank failures ahead. Financial fallout intensifies.

This is not inflationary folks . . . .

[jazz]

US govt printed $1.7T in the last 12 months. I am betting another similar amount will be forthcoming into the 2024 election.

Until that stops, inflation is still in the cards, in fact you will see another spike coming up in the next 6 months. Oil and other commodities are already telling us whats coming.

[biglentil]

Unfortunately tractors don't run on unicorn pudding.

[jazz]

Canadas adjusted GDP per capita, no growth in 5 years;

Get ready for your medicine marxist voters, its here. Our national GDP per capita is now on par with Alabama. Only Sask and Ab are keeping it being on par with Puerto Rico.

What a mess. Canada will never recover.

[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.