DEFLATION: Comin-in strong

[TOM4CWB]

The Inconvenient truth….

US is shorting their own diesel market to send fuel to the EU…..


Western Canada is short diesel because Suncor in Edmonton is shut down…


Supply chain interruptions… are not going to get better with the’New Green Deal’ full throttle ahead…

Deflation when Biden and Trudeau are spending like drunken sailors… with the UN and WEF cheering them on…. Appears unlikely…

[biglentil]

Breakins on the rise...


1 day ago

In a wide-ranging interview, Bank of Canada governor Tiff Macklem says Canadians should expect more interest rate hikes, and a mild recession is possible, as the central bank continues its fight against inflation.

[Guest]

"a mild recession" FMG are these pricks ever out of touch
something like bill gates getting asked by a reporter how much kraft dinner cost ? he guessed $20 box
completely out of touch with reality

[sumdumguy]

There’s gonna be such inflation when diesel hits $13 a gallon. You ain’t seen nuttin yet Errol.

[AlbertaFarmer5]

More deflation

https://www.nytimes.com/2022/11/13/us/politics/farmland-values-prices.html

[biglentil]

The west is spending/printing like drunken sailors that is inflation, the expansion of money supply. 'Economists' indoctrinated by Keynsian school never seem to get that. High interest rates soak up some of that wet ink, but that debt is never paid off it only further enriches the private interests that control the printing presses. The quickest way to bankrupt the middle class is to print wildly and waste those newly printed dollars/debt on foreign causes, while cranking up interest rates.

[errolanderson]

Empty shipping containers now stacking-up in U.S. and European ports. Ocean freight rates have collapsed. What a change a few months can make . . . .

[biglentil]

Empty shipping containers now stacking-up in U.S. and European ports. Ocean freight rates have collapsed. What a change a few months can make . . . .

Less ocean traffic, so less goods hitting the shelves right before Christmas that wont help an already red hot cpi. Ignoring the supply side the other fatal assumption made by the Keynsian school of thought.

[errolanderson]

Less ocean traffic, so less goods hitting the shelves right before Christmas that wont help an already red hot cpi. Ignoring the supply side the other fatal assumption made by the Keynsian school of thought.

Retailers well stocked, lots of discounts to move excess inventory. Consumers tapped out.

[biglentil]

40% of all USD in circulation was printed in the last 12months. We are in the eye of the inflation hurricane.

https://www.zerohedge.com/markets/peter-schiff-were-eye-inflation-hurricane

[errolanderson]

FAO food index now turns negative . . . from chickpeas to salmon to palm oil. How will main stream media’s inflationary spin handle this reality?

[LWeber]

FAO food index now turns negative . . . from chickpeas to salmon to palm oil. How will main stream media’s inflationary spin handle this reality?

Can you provide a source for the above?
Here is the actual index with no chicken little interpretation...

FAO Food Price Index | World Food Situation | Food and Agriculture Organization of the United Nations
https://www.fao.org/worldfoodsituation/foodpricesindex/en/

[jazz]

FAO food index now turns negative . . . from chickpeas to salmon to palm oil. How will main stream media’s inflationary spin handle this reality?

Errol, have you taken note of all the govt spending that was announced in the past couple weeks. Until that stops, inflation will continue.

In continued for an entire decade in the 70s, why would you think it comes down in just 9 months. Unless a severe recession is triggered, its not happening. Inflation is becoming endemic now.

[sumdumguy]

Canadian rate of inflation is steady as she goes. Interest rates are going higher, I suspect. Almost time to lock in investments. The savers are getting ready to lock-in.

[Guest]

Canadian rate of inflation is steady as she goes. Interest rates are going higher, I suspect. Almost time to lock in investments. The savers are getting ready to lock-in.

yep , and that finishes the economy off