43 Replies to “He Doesn’t Think Much About Monetary Policy”
As Dogmeat is a willing accomplice on government policy I’m not sure the value of his criticism. He could end it any time he wants. Perhaps he could see a little clearer if his nose wasn’t buried so far up Trudeau’s ……..
Mr. SIngh, I half agree with you. However, the “root cause” is governments shutting down the economy for two years and flooding it with invented money. Trying to fix the problem with the traditional interest rate raise will do no such thing, especially as we see governments printing more money to help people deal with inflation. But also don’t forget governments want inflation.
Succinct, correct and directly to the point, Robert.
“But also don’t forget governments want inflation.”
Inflation creates illusory capital gains which are taxable. No inflation, no illusory gains, next to no capital gains tax. In real terms someone could lose a shitload of money but still end up paying a shitload of tax.
and bracket creep at every level. more taxes less service is the trudeau mantra
Hence why gold isn’t the panacea it is touted as. Its price goes up with no real increase in value. Yet, the government still helps itself to the imaginary capital gain.
Incorrect. Gold is legal tender, and not subject to sales tax, or capital gains tax. This is Gold coin and bars. Jewelry is another matter
It depends on the value.
“Bullion and coins are liable to capital gains tax across Canada, subject to personal-use property exemptions. The listed personal property rules state that coins with a resale value and gain of $1000 or less are exempt from capital charges.”
Disagree. The root cause was central banks greatly depressing market interest rates the last 15 to 20 years.
Of course you are right that inflation came about by the depression of supply orchestrated by governments during the Covid ordeal.
400 thosand to embarrass the country. I wonder what the catering and bar costs were in flight. Such a generous “man.” He should have been singing “wasn’t that a party.” Thank goodness he avoided a 16 dollar orange juice or it would have dominated the news cycle for months. Hypocrisy on all fronts at its finest.
$6000 a night? How much did Sophie’s room cost?
And a butler? Or was that really for Justin’s hookers?
No wonder they were all singing “Easy come, easy go”.
The butlers WERE Justin’s hookers.
were they young enough. i suspect there are lots of 14 to 16s in his past , boys and girls and even ben mulroney for a threesome
Apparently there’s a protest coming up in Toronto against high interest rates.
What these people fail to realize is that the damage is actually done when interest rates fall to unsustainably low levels as investors are incentivized to act as if risk does not exist.
When interest rates rise, this merely reveals the damage done in the falling cycle.
Protests are cute.
I wonder if they’re going to have bouncy castles & hot tubs…
Dennis, I wonder why so many people are so dumb they do not see the truth of what you have said?
Soooo….
How are we supposed to expect ‘CHANGE’, when all these career politicians just got voted back in?
I’m starting to feel like a Buffalo heading for the cliffs!
Leftists are innumerate idiots, that’s why they’re leftists. If they had the brains to pour piss from a boot, they’d be human beings. Trudeau and his orange butt pustule are merely the epitome of that species.
If it were not for stupid and, yes, greedy people, the Dippers would not exist.
The only people less economically literate than The Spawn and his NDP poverty pimp are those that vote for them.
Indeed a sad commentary on the general intelligence of the Canadian public when two national party leaders are green tenderfoots in the realm of financial acumen and yet are still elected into office.
Government taxes are the root cause of inflation. Every time a government announces a new tax policy to pay for a new program it causes a rise in the rate of inflation. When a government attempts to squeeze more tax money out of an economy the squeeze exerts pressure across the entire labour force to demand more money to compensate for the amount the government is attempting to extract.
Was the housing speculation market supposed to continue forever? Housing prices were insane and unhealthy for everyone just trying to buy a place to raise a family.
YEP!!!, but the problem is now that everybody who bought during the bubble (which, since the bubble lasted so long, is just about everybody), can’t afford to lower their selling price to make housing more affordable. Buy a house for $1.4 million, sell for $700,000? – welcome to owing $700k for the rest of your life. And never owning a home again – you’re so far behind break-even at this point, no banker will EVER write you another mortgage.
It used to be called “FOMO” – Fear Of Missing Out. Now it’s called “folly” = “FOLE” = Fear Of Losing Everything.
And Dogmeat isn’t the only one living on another planet – “Well, there’s no real economic case for selling Canadian natural gas to Europe…”
“Singh is a warm and decent man,…”
Sheesh! Unless you’re trying to hook him up with a friend… dial down the toady amp, Ivison.
You don’t get extra money for Manslobber.
That got me too. Singh, as a potential next door neighbour, might be preferable to a meth addict, but he is wrong on virtually every issue on which he bloviates. He and his new (occasionally) black-faced mentor (along with their buddy at the BOC) are fully responsible for our current levels of inflation. NDP levels of public deficit spending, monetized by the BOC is the definition of inflation. As for interest rates, they won’t go much higher as debt servicing costs will displace all the vote-buying potential of their regime. The same in the US where, If interest rates were at their long-term average, debt servicing costs would eat up the equivalent of Medicare, Social Security, and the Military combined. It’s why I refer to the western “democracies” as the bankrupt welfare states. Inflation will continue with a stagnant economy – it’s the “easy” way out for the political class and their voting Eloi.
Ivison is socialist (still angry at Thatcher for cutting government milk when he was a kid) – so of course he thinks a fellow commie/socialist/WEFer is such a good guy.
Does anyone buy the Post to read Ivison? Why does this clown still have a job – (rhetorical question – same reason the rest of em do – to gaslight the public)
There is not a demand issue – there is a supply/input cost issue.
People arent running around with excess cash falling out of their pockets driving up the price of goods – price of goods is going up because the input costs (energy) and supply chains (fouled up) are causing the problems – intrest rate increases will not solve this.
Cheap abundant energy will solve a great deal.
Intrest rate increases are being engineered – they are not a result of bond market vigilantes – yet.
The goal is to collapse the economy
Singh is an environmentalist, a teetotaler, a vegetarian, and a socialist, whose ancestors were arguably aryan.
Makes you wonder.
I know a guy who was a teetotaler vegetarian socialist with definitely aryan ancestry (so he said). Cute mustache, can’t recall his name
Manslobber! I’m stealing that.
I guess it’s not viable to 1) build shit when necessary components are spiking in price like lumber or 2) outright unavailable like electrical components 3) when the make-good final transaction is dependent on E-Z financing which no longer exists.
This can’t be unforeseen; was permitting, housing starts, building loans written or passed inspections down to 1/25th of what they were previously sometime over the last 6-12 months?
Why not just mandate that those houses be sold? Maybe try a lockdown or two.
I have no interest in reading anything a Liberal/NDP taxpayer supported “journalist” like Ivison has to say about anything.
If he’s saying that Jugderp is a WEF stooge with the IQ of a dishrag and who’s nose and face smell like Juthtins turdhole, then I agree.
If it wasn’t for the Turdhole/NDP Regime stealing money from the treasury ( a Liberal tradition ) and giving it to low lifes like Ivison the stupid prick wouldn’t have a job.
Speaking of Jagmeet Singh , he was elected NDP leader in 2017. The magic number to be awarded a lifetime salary courtesy of the taxpayers is 6 years in office.
Is Singh so callous and greedy that he is only propping up the Liberals to run out his clock and reach the magic number of 6 ?
It shows that no one in ANY of the major media have posed the above question.
Part of the reason for reduced sale is lack of inventory. People don’t want to sell into a rapidly dropping market.
SO what happens is the bank raises interest rates to try to get inflation under control, and the government responds with shovelling more cash that it doesn’t have out the door, ensuring that inflation will stay high, while simultaneously getting stagnation because business costs have risen, and credit is suddenly tight.
Time to call a spade a spade.
CCP = communist cesspool party. It is world wide. In Canada it covers green ndp lib pc.
All ccpers are on a different planet.
Only you and the voting machines get what you vote for.
Its no accident I have a communist prime minister, primer, mayor.
Mattamy Group, one of the largest home builders in Canada, is “temporarily” closing its sales office.
If you are a builder, how do you plan to build in this environment, when you don’t know what your costs are going to be 3 to 4 months, nor how your financing will look in 2 months, let alone 6
Mattamy Monster Homes™ are far too big for those Greenies who squawk about heating bills. No builder is interested in bungalows for those with smaller or no families. The lot sizes should shrink to 20 feet under Premier Doug’s plan.
1. Run up inflation to nosebleed levels, thru profligate spending
2. Jack up interest rates to cause a complete marketplace reversal
3. The wealthy get wealthier, the proles LOSE their wealth.
4. Vast sums $$$ are transferred from the working class to the upper, upper class.
Crush the proles … is hardly the ONLY way to tame inflation. But that is the strategy chosen by your intelligentsia superiors. Top people. Graduates of the Top Universities. Really Top. They’re “better than us” … so we should all just shut up and take our beatings.
The Left is always financially illiterate. Their mantra is: ‘if we could all share everything, it will be better’. Our Finance Minister has Phd in Slavonic languages, I bet it’s of great help in finances to know Russian, Ukrainian etc. And NDP is even worse than Lieberals. Dems in USA are also complete idiots when about finances/macro-economics. With Left at the helm, economy/finances always go to ruin/bankruptcy.
The same happened everywhere in East Europe, Cuba, N Korea etc. China escaped Socialist/Communist financial ‘heaven’ only because they went capitalist with the economy + didn’t give a damn about pollution.
So Yeah, with this trifecta of clueless/berserk-ideologues (PM Scumbag+Freeland+Jagmeet) we will get much much worse.
As Dogmeat is a willing accomplice on government policy I’m not sure the value of his criticism. He could end it any time he wants. Perhaps he could see a little clearer if his nose wasn’t buried so far up Trudeau’s ……..
Mr. SIngh, I half agree with you. However, the “root cause” is governments shutting down the economy for two years and flooding it with invented money. Trying to fix the problem with the traditional interest rate raise will do no such thing, especially as we see governments printing more money to help people deal with inflation. But also don’t forget governments want inflation.
Succinct, correct and directly to the point, Robert.
“But also don’t forget governments want inflation.”
Inflation creates illusory capital gains which are taxable. No inflation, no illusory gains, next to no capital gains tax. In real terms someone could lose a shitload of money but still end up paying a shitload of tax.
and bracket creep at every level. more taxes less service is the trudeau mantra
Hence why gold isn’t the panacea it is touted as. Its price goes up with no real increase in value. Yet, the government still helps itself to the imaginary capital gain.
Incorrect. Gold is legal tender, and not subject to sales tax, or capital gains tax. This is Gold coin and bars. Jewelry is another matter
It depends on the value.
“Bullion and coins are liable to capital gains tax across Canada, subject to personal-use property exemptions. The listed personal property rules state that coins with a resale value and gain of $1000 or less are exempt from capital charges.”
https://aubullion.ca/is-there-tax-on-gold-and-silver-in-canada/
Bingo Robert. That and nothing else.
Disagree. The root cause was central banks greatly depressing market interest rates the last 15 to 20 years.
Of course you are right that inflation came about by the depression of supply orchestrated by governments during the Covid ordeal.
400 thosand to embarrass the country. I wonder what the catering and bar costs were in flight. Such a generous “man.” He should have been singing “wasn’t that a party.” Thank goodness he avoided a 16 dollar orange juice or it would have dominated the news cycle for months. Hypocrisy on all fronts at its finest.
$6000 a night? How much did Sophie’s room cost?
And a butler? Or was that really for Justin’s hookers?
No wonder they were all singing “Easy come, easy go”.
The butlers WERE Justin’s hookers.
were they young enough. i suspect there are lots of 14 to 16s in his past , boys and girls and even ben mulroney for a threesome
Apparently there’s a protest coming up in Toronto against high interest rates.
What these people fail to realize is that the damage is actually done when interest rates fall to unsustainably low levels as investors are incentivized to act as if risk does not exist.
When interest rates rise, this merely reveals the damage done in the falling cycle.
Protests are cute.
I wonder if they’re going to have bouncy castles & hot tubs…
Dennis, I wonder why so many people are so dumb they do not see the truth of what you have said?
Soooo….
How are we supposed to expect ‘CHANGE’, when all these career politicians just got voted back in?
I’m starting to feel like a Buffalo heading for the cliffs!
Leftists are innumerate idiots, that’s why they’re leftists. If they had the brains to pour piss from a boot, they’d be human beings. Trudeau and his orange butt pustule are merely the epitome of that species.
If it were not for stupid and, yes, greedy people, the Dippers would not exist.
The only people less economically literate than The Spawn and his NDP poverty pimp are those that vote for them.
Indeed a sad commentary on the general intelligence of the Canadian public when two national party leaders are green tenderfoots in the realm of financial acumen and yet are still elected into office.
Government taxes are the root cause of inflation. Every time a government announces a new tax policy to pay for a new program it causes a rise in the rate of inflation. When a government attempts to squeeze more tax money out of an economy the squeeze exerts pressure across the entire labour force to demand more money to compensate for the amount the government is attempting to extract.
Was the housing speculation market supposed to continue forever? Housing prices were insane and unhealthy for everyone just trying to buy a place to raise a family.
YEP!!!, but the problem is now that everybody who bought during the bubble (which, since the bubble lasted so long, is just about everybody), can’t afford to lower their selling price to make housing more affordable. Buy a house for $1.4 million, sell for $700,000? – welcome to owing $700k for the rest of your life. And never owning a home again – you’re so far behind break-even at this point, no banker will EVER write you another mortgage.
It used to be called “FOMO” – Fear Of Missing Out. Now it’s called “folly” = “FOLE” = Fear Of Losing Everything.
And Dogmeat isn’t the only one living on another planet – “Well, there’s no real economic case for selling Canadian natural gas to Europe…”
“Singh is a warm and decent man,…”
Sheesh! Unless you’re trying to hook him up with a friend… dial down the toady amp, Ivison.
You don’t get extra money for Manslobber.
That got me too. Singh, as a potential next door neighbour, might be preferable to a meth addict, but he is wrong on virtually every issue on which he bloviates. He and his new (occasionally) black-faced mentor (along with their buddy at the BOC) are fully responsible for our current levels of inflation. NDP levels of public deficit spending, monetized by the BOC is the definition of inflation. As for interest rates, they won’t go much higher as debt servicing costs will displace all the vote-buying potential of their regime. The same in the US where, If interest rates were at their long-term average, debt servicing costs would eat up the equivalent of Medicare, Social Security, and the Military combined. It’s why I refer to the western “democracies” as the bankrupt welfare states. Inflation will continue with a stagnant economy – it’s the “easy” way out for the political class and their voting Eloi.
Ivison is socialist (still angry at Thatcher for cutting government milk when he was a kid) – so of course he thinks a fellow commie/socialist/WEFer is such a good guy.
Does anyone buy the Post to read Ivison? Why does this clown still have a job – (rhetorical question – same reason the rest of em do – to gaslight the public)
There is not a demand issue – there is a supply/input cost issue.
People arent running around with excess cash falling out of their pockets driving up the price of goods – price of goods is going up because the input costs (energy) and supply chains (fouled up) are causing the problems – intrest rate increases will not solve this.
Cheap abundant energy will solve a great deal.
Intrest rate increases are being engineered – they are not a result of bond market vigilantes – yet.
The goal is to collapse the economy
Singh is an environmentalist, a teetotaler, a vegetarian, and a socialist, whose ancestors were arguably aryan.
Makes you wonder.
I know a guy who was a teetotaler vegetarian socialist with definitely aryan ancestry (so he said). Cute mustache, can’t recall his name
Manslobber! I’m stealing that.
I guess it’s not viable to 1) build shit when necessary components are spiking in price like lumber or 2) outright unavailable like electrical components 3) when the make-good final transaction is dependent on E-Z financing which no longer exists.
This can’t be unforeseen; was permitting, housing starts, building loans written or passed inspections down to 1/25th of what they were previously sometime over the last 6-12 months?
Why not just mandate that those houses be sold? Maybe try a lockdown or two.
I have no interest in reading anything a Liberal/NDP taxpayer supported “journalist” like Ivison has to say about anything.
If he’s saying that Jugderp is a WEF stooge with the IQ of a dishrag and who’s nose and face smell like Juthtins turdhole, then I agree.
If it wasn’t for the Turdhole/NDP Regime stealing money from the treasury ( a Liberal tradition ) and giving it to low lifes like Ivison the stupid prick wouldn’t have a job.
Speaking of Jagmeet Singh , he was elected NDP leader in 2017. The magic number to be awarded a lifetime salary courtesy of the taxpayers is 6 years in office.
Is Singh so callous and greedy that he is only propping up the Liberals to run out his clock and reach the magic number of 6 ?
It shows that no one in ANY of the major media have posed the above question.
Part of the reason for reduced sale is lack of inventory. People don’t want to sell into a rapidly dropping market.
SO what happens is the bank raises interest rates to try to get inflation under control, and the government responds with shovelling more cash that it doesn’t have out the door, ensuring that inflation will stay high, while simultaneously getting stagnation because business costs have risen, and credit is suddenly tight.
Time to call a spade a spade.
CCP = communist cesspool party. It is world wide. In Canada it covers green ndp lib pc.
All ccpers are on a different planet.
Only you and the voting machines get what you vote for.
Its no accident I have a communist prime minister, primer, mayor.
Mattamy Group, one of the largest home builders in Canada, is “temporarily” closing its sales office.
https://thedeepdive.ca/one-of-canadas-biggest-builders-reportedly-closes-its-sales-offices-temporarily-and-very-quietly-amid-price-downturn/
According to Bloomberg, orders are down 65%.
If you are a builder, how do you plan to build in this environment, when you don’t know what your costs are going to be 3 to 4 months, nor how your financing will look in 2 months, let alone 6
Mattamy Monster Homes™ are far too big for those Greenies who squawk about heating bills. No builder is interested in bungalows for those with smaller or no families. The lot sizes should shrink to 20 feet under Premier Doug’s plan.
1. Run up inflation to nosebleed levels, thru profligate spending
2. Jack up interest rates to cause a complete marketplace reversal
3. The wealthy get wealthier, the proles LOSE their wealth.
4. Vast sums $$$ are transferred from the working class to the upper, upper class.
Crush the proles … is hardly the ONLY way to tame inflation. But that is the strategy chosen by your intelligentsia superiors. Top people. Graduates of the Top Universities. Really Top. They’re “better than us” … so we should all just shut up and take our beatings.
The Left is always financially illiterate. Their mantra is: ‘if we could all share everything, it will be better’. Our Finance Minister has Phd in Slavonic languages, I bet it’s of great help in finances to know Russian, Ukrainian etc. And NDP is even worse than Lieberals. Dems in USA are also complete idiots when about finances/macro-economics. With Left at the helm, economy/finances always go to ruin/bankruptcy.
The same happened everywhere in East Europe, Cuba, N Korea etc. China escaped Socialist/Communist financial ‘heaven’ only because they went capitalist with the economy + didn’t give a damn about pollution.
So Yeah, with this trifecta of clueless/berserk-ideologues (PM Scumbag+Freeland+Jagmeet) we will get much much worse.
I am calling bullshit on this.
Asked a realtor/broker friend about this, got sent this in return:
https://trreb.ca/files/market-stats/market-watch/mw2209.pdf
This is all resale/used house data but one would expect treads in used and new to be broadly parallel.