Inflation’s Collapse

[jazz]

What get me is the labour shortages.

The UE numbers are a complete fiction. So many people dropped out of the workforce and have no plans to go back.

So yes there is labour demand to fill in the gap for more people not wanting to work.

Thank your covid central planners for that one.

[blueversi]

anyone that believes its only at 8.6% needs a kick in the head
gas has gone up at least 40%
most of the packaged foods have gone up and shrunk in size
heating fuel way up
almost every farm input has doubled or tripled in price

Exactly. Anyone buy a chocolate bar lately just as an example. Reese peanut butter cups about the size of a Toonie now. Downsize the product and up the price goes for everything now.

[errolanderson]

Watch out for when crude oil tumbles and really pulls-the-pants-down on all the energy bulls . . .

Stay tuned . . . .

[jazz]

Watch out for when crude oil tumbles and really pulls-the-pants-down on all the energy bulls . . .

Stay tuned . . . .

Thats demand destruction, probably in the $130 per bbl range. Should get there this summer.

Thanks climate fools. You drove the world into a recession, created a war and other hot spots and we still didnt get any investment in critical minerals, materials, commodities and infrastructure. All the money went into fake renewable causes, unprofitable EV scams and crypto.

Serious, give yourself a slow clap.

[wheatking16]

What get me is the labour shortages.

Every business in saskatoon is looking, advertising, hiring. Every where i look the usa, china, europe there are labour and manufacturing labour shortages.
Did global population growth stop?
Or demographics where every one globally retired, died, etc?

Every one needs labour, businesses must pay and compete to buy labour or close shop. Wages will go higher, housing will still be in demand, quality of life goes up, debt goes up, inflation will stay up, slowing very slowly.

It aint over yet

Few countries has a sustainable birth rate. Canada is not one of them and our aging population is retiring and spending less resulting in more expensive goods and services.

Immigration is necessary to combat this.

My rural Saskatchewan town of 5000 relies on immigrants to provide goods and services, not because people don't want to work, but rather because there are not enough of them.

The competition for labour is problematic.

Now, AI and automation will likely eliminate jobs from the low-paid cashier to the highest-paid doctors helping with this, however painful that process will be.

[furrowtickler]

There are a lot of perfectly able working age people , who are simply collecting government handouts doing SFA .
Worse since the CERB started .

[jazz]

Immigration is necessary to combat this..

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.

[wheatking16]

There are a lot of perfectly able working age people , who are simply collecting government handouts doing SFA .
Worse since the CERB started .

Didn't CERB end 7 months ago?

[fjlip]

Exactly. Anyone buy a chocolate bar lately just as an example. Reese peanut butter cups about the size of a Toonie now. Downsize the product and up the price goes for everything now.

Every item is up 20-30% in every store, gouging crooks just because they CAN!

[errolanderson]

Some major commodities showing significant cash price breakdowns recently as recessionary pressures deepen. Lumber prices are now nearly in free fall. Dr. Copper appears in sickbay. Spot natural gas prices now in-decline.

[bucket]

Some major commodities showing significant cash price breakdowns recently as recessionary pressures deepen. Lumber prices are now nearly in free fall. Dr. Copper appears in sickbay. Spot natural gas prices now in-decline.

Sure things are declining. Gas at the pumps is 2.07 a liter.

[AC man]

Also zeros establishment means zero crop insurance….. something to think about
Canola crop being lost everyday
Shipped out nearly 80 bags today of canola for reseed … it’s June 10 tomorrow

I agree that there is canola being lost every day. Friend is reseeding just about all of his due to frost, flea Beatles and dampening off. He started yesterday June 10th. and that is only one that I have heard about. Better pray for a late fall and have a swather ready. We are in a dry area so who knows how far this crop will last.

[furrowtickler]

I agree that there is canola being lost every day. Friend is reseeding just about all of his due to frost, flea Beatles and dampening off. He started yesterday June 10th. and that is only one that I have heard about. Better pray for a late fall and have a swather ready. We are in a dry area so who knows how far this crop will last.

Yes it is a very unfortunate situation
Anything sprayed for beetles promptly after frosts here has recovered and has a chance at least

[furrowtickler]

Some major commodities showing significant cash price breakdowns recently as recessionary pressures deepen. Lumber prices are now nearly in free fall. Dr. Copper appears in sickbay. Spot natural gas prices now in-decline.

Food and fuel are everyday necessities. It’s draining peoples income dramatically for more than anything else daily

[errolanderson]

Food and fuel are everyday necessities. It’s draining peoples income dramatically for more than anything else daily

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 . . . .