Inflation’s Collapse

[checking]

Say inflation? Gold breaks below $1,690 per oz tonite . . . .

You should use the proper term, errol. It's "holy shit".

Of course, I'd say the whole market is full of it.

[SmallTimeOperator]

I would just like to know how raising rates helps reduce inflation?

Those costs are all downloaded to consumer's price that they pay for everything making it more expensive to live.

Have they looked up the word inflation?

And if wages don't keep up, life is more unaffordable.

Macklem should not be fired , he should resign. He is supposed to look forward and prevent this.

He called a 2 percent increase in rates " hypothetical " in front of a finance committee not that long ago.

He was either lying or incompetent.

How does raising rates stop inflation? The idea of raising rates to combat inflation is exactly to drive the cost of everything higher!

This impacts mortgages, loans right away or when renewal time comes and then the eventual rise in costs is passed down to all goods. When people can’t afford gas, food and the mortgage/car/toy payments, they stop spending.

When the high prices of goods and the money wasted on interest payments means that everybody is broke and stops spending, prices of goods theoretically should go down.

[sumdumguy]

Calgary Herald today: RBC says Canadian housing market is in for a historic correction. Hmmmand who may I ask has been party to pumping up these housing prices? I don’t suppose RBC walked away from any of that lending business.

[sumdumguy]

Metal prices have collapsed. Oil down. Deflation is coming.

Fill me in by, “metal prices have collapsed”. Do you think that will be reflected in the price of steel buildings?

[jazz]

Ready to watch our peso go to hell.

.

[TOM4CWB]

Pelosi and Freehand, will keep the price of oil UP...don't kid yourself. After the Nov midterms... we will be back to $110 pronto... to keep the big green deal alive. The EU has no choice, Russia will keep the pressure on.. the Green energy scheme requires high NG and oil to drive alternative energy development. The strategic US oil reserve has been 'depleted'... it is being repurchased... 6 months out on futures... which will short the oil market then.

Interesting times.... Blessings and Salutations

[jazz]

.

[AlbertaFarmer5]

How does raising rates stop inflation? The idea of raising rates to combat inflation is exactly to drive the cost of everything higher!

This impacts mortgages, loans right away or when renewal time comes and then the eventual rise in costs is passed down to all goods. When people can’t afford gas, food and the mortgage/car/toy payments, they stop spending.

When the high prices of goods and the money wasted on interest payments means that everybody is broke and stops spending, prices of goods theoretically should go down.

Raising rates would work really well if it was a demand driven inflation. But if it is supply-driven inflation, with weather and wars and supply chain issues and labor issues and shortages and years long under investment in energy etc, then raising interest rates just makes it more expensive to attempt to produce those things, which makes inflation even worse.

[WiltonRanch]

Raising rates would work really well if it was a demand driven inflation. But if it is supply-driven inflation, with weather and wars and supply chain issues and labor issues and shortages and years long under investment in energy etc, then raising interest rates just makes it more expensive to attempt to produce those things, which makes inflation even worse.

Isn’t this stagflation?

[furrowtickler]

All I know is fertilizer is going up and grain prices down
Machinery up 20% , parts up a gazzilion dollars
Fuel supposed to go up 🤷*♂️

[helmsdale]

All I know is fertilizer is going up and grain prices down
Machinery up 20% , parts up a gazzilion dollars
Fuel supposed to go up 🤷*♂️

Remember how this went the last time around? Commodity shortages in the 70's led to high prices, then for 30 years ag took it up the rectum as inflation seriously blew out our bottom line...

[jazz]

Inflation will be double digits. Errols thesis cant account for govt fools that refuse to drill for oil.

[biglentil]

[jazz]

[beaverdam]

[ATTACH]11006[/ATTACH]

The leftist "greens" will finally get to live the 7th century lifestyle, that they've long dreamed of !!!

No plastic, no corporations, and no deodorant.