Oh, Shiny Prime Minister!

Wage and price controls. That was an innovative idea that had an effect on Canada for decades. Perhaps the pony can reinstate it for his own historical footprint.

NEP
high inflation
wage and price controls
high interest rates to fight this
where have we seen this before?
oh yeah, that first bastard trudeau

Wait, wait, wait! Didn't he promise NOT to do that? Ohhhhh it was is FATHER?!

Well, nothing to see here, right?

From a political standpoint this is very good news - and part of more to come.

Forecasts for the American economy already are expecting 3-4% growth by the 1st quarter 2018. No way the cdn economy will keep pace. And us fed rate will rise perhaps 1 or more %.

Those two factors will see either the cdn dollar plummet or interest rates rise even higher than in the US.

Imagine five year mortgage rates north of six percent a year from now.

And it's impact on the GTA housing market.

And that will be the end of the LPC in 2019.

Canadian voters do not possess the common sense to kick Trudeau out of office at next election. All of the maritimes all of Toronto most of Ottawa and most of Quebec vote liberal and will continue to do so. That with the liberals love affair with muslims ensures the demise of the Canada we once knew.

If his policies result in the destruction of the Canadian economy, it will not be the fault of Justin Trudeau. He will have been a victim of a concerted action of wreckers, splitters, profiteers, anti-social elements and Jews. These are the same evil groups who ruined the workers' paradise in Venezuela and Cuba.

Wage and price?
Nay nay, wage only except for unions

Its not really inflation ... if it makes leftists RICH makes their eco-causes RICH. Shut up a pay your tributes to the eco-leftist overlords.

Inflation is only caused by running the federal money printing press, the price increases are a result not a cause

Baby boomers will fuel inflation again, but now as their productivity lowers from highs, while in the PET era, their low productivity was increasing.

The first was somewhat sustainable, though it caused much economic pain and brought us near the debt wall, with Chretien and Martin, kicking and screaming, adhering to Preston Manning's and Stephen Harper's warnings, and thanks to a booming US economy.

Oh and the IMF too. Now national marginal productivity decreases, perhaps to negative, so the resources to repay new debt are waning, not growing.

Add to that an additional burden - a tsunami of pension and medical entitlements to a generation that, while healthier than their parents, has saved less.

If high debt was not sustainable then, it sure as heck isn't now. I've been saying for years, and Harper warned last election, Canada, the US and Europe are an inflationary bubble existing within a deflationary world.

Meanwhile the markets are sky high, so everybody cheers. Houses in Victoria have risen at least 25% this year, from previously obscene highs. But sellers have to buy or rent in the same market, so it's wise to stay put unless screaming deals come along.

As boomers age, the consequences of big government, its and consumers' burgeoning debt will come home to roost. Something will trigger it, perhaps an unrelated event, a financial catalyst, to start the unwinding of our leveraged economies.

Hint: this is a time to reduce debt rather than increase it. But the boomers never listen so strap yourselves in folks for a rough ride starting soon.

And Trump? I love what he has done but he cannot inoculate his country from demographic reality, though his ideas of reducing the size of government are very welcome, his America First trade policies may not be so wonderful.

When Canada retracts economically, she looks outward, as a trading nation. The US though looks inward, towards protectionism, in those circumstances.

Those are my concerns. To be honest, there's not much any one us can do about it. Government attempts to "solve the problem" will only make it worse.

Inflation?

Wait until the price of oil goes back up, as it inevitably will. Plus carbon tax, that's going to be a beauty. People with long commutes will find it is -cheaper- to quit the job and stay home than drive to work.

Serendipity is an interesting thing. The captcha on this comment is "6500" "Litre". Good thing I'm not superstitious.

Move on, nothing to see here. When the going gets tough, PM Bent Twig will tell us what it means to be a Canadian. Looking forward to my twilight years enjoying tasty gruel in a state funded nursing home. Not looking forward to the fights that will invariably break out for the eyeballs in the goat's head soup.

The more deeverse we are, deewerse it gets.

To Dan in BC et al:

The GTA gave the cpc a majority. It will do it again.

Wage and Price controls. Yes. Give the little tit an opportunity for another "Jutht wath me" moment.

On the subject of inflation, I came across this on the internet a few days ago. It refers to the US, but is certainly applicable here as well.

For the past eight years, inflation has consistently been reported at low levels
(between 1% and 3%, with occasional bursts of outright deflation). According to
the government, price indices are barely moving at all. Of course that’s not
what folks encounter when the go to the supermarket, pharmacy, and gas station.
Prices seem to be out of control. Part of the problem is that the parts of the
basket going up (healthcare, education, food) are mostly necessities, whereas
the parts of the basket going down (electronics, travel) are more discretionary.
So, shoppers always feel the price increases, but don’t always benefit from the
price decreases. More importantly, older Americans are being squeezed by high
price increases in things they buy more of (healthcare), but receive no
increases in the social security benefits, which are indexed by the government.
The bottom line is prices are increasing, but median income and government
cost-of-living adjustments are not. With rising inflation thrown in for good
measure, most Americans are worse off economically regardless of what the
aggregate statistics say. Here’s a good overview (
http://theeconomiccollapseblog.com/archives/this-is-one-of-the-big-reasons-why-so-many-families-are-feeling-extreme-financial-stress

Hell, I'm cash rich & a Boomer. House paid for. Full TFSA, RRSP, non-registered accounts. I say bring it on! Bring back 20.5% mortgage rates & have those snowflakes feel the love that we Boomers had to deal with, back when bashing Alberta was some sort of sport in 1980.

I bet 90% of Trawnna housing goes on the block, 'cause they can't make the payments at 6%, never mind the 12.75% I started with. Sucks to be an LPOC voter. Miss Harper yet?

You millenial snowflakes wanted Trudeau. Fill your boots!

As to that poster up above that seems to feel that Boomers are the cause of his financial woes, ie CPP, healthcare. That stuff was voted in by our parents, A/H, your grandparents. I was about 10 years old at the time & the voting age was 21, not even 18 yet. We've been paying into that scam for all of our working lives & all we got was: "Boomers aren't saving enough for retirement". Against a stacked deck, who knew?

I got to my financial nirvana by hard work, no work, smart financials, despite high inflation & interest rates & asse-whole .gov policies. We also paid tax at 75% of Capital Gains, not 50% where we are now. Wait for it, you'll get to experience that, too.

Hardehar! You voted for this in every damned town & city in this country.

Yeah but, "the economy will grow fwom the heart out" and duhhhhhhhh "budgets balanth themselves" and uhhhhhhhh "poilicies that help the middow clath and those working hard to join the uhhhhhhhhh middow clath"... vote for a lisping idiot actor, get a lisping idiot actor... "Canada is back"!

Just give it more hart you haters and the budget will balance itself.

just another stepping stone to a time when 0.01% of the population own 98% of all assets, resources, royalties, bank deposits, cash filled shoeboxes, the all important real estate, precious bullion etc etc.
hint: when is it a really really good time to buy stock? when everybody else up to their arse in debt are selling! sell! sell! sell!

Trudeau, on his own, is a good man. He's surrounded himself with idiots. This is the price ''we the ordinary people'' have to pay.