31 Replies to “The Great American Recovery Watch Goes On High Alert”

  1. 0.8 to 4.2 percent. In one month. And that does not include “volatiles” like food. Transitory. Got it.

    1. Transitory … as in the transition from Free market capitalism to communism. I see bread lines and gasoline rationing cards in our not to distant future.

      1. And we’ll have voted for it. Proving once again that you can’t fix stupid.

    2. Just checked, and of this writing CTV News, CBC News and the Globe and Mail have kept this inflation news off their respective main pages. Breathtaking.

  2. If one has no interest in looking for inflation, say for instance, a money-printing central banker, then I guess one will be “surprised” when it actually shows up (or is so obvious that it cannot be hidden in “official statistics.”)

    Justin said it “best” himself: budgets balance themselves.

  3. Stimulate the economy with trillions with a massively decaying economy and expect no inflation?? Nobody is that stupid. My guess is that 4.2% is a lie covering 20 – 40% inflation. Seriously, hasn’t anyone bought anything lately?

    Coming next – 20 to 30 % interest. Lock in that mortgage. The upside on interest is maybe 20%. The downside is maybe 1/4 percent. Risking a quarter percent to save a likely 20% increase is called insurance.

    1. I purchase everything for my family … and 4.2% is a complete farce and joke. A joke. Prices are on a hockeystick trajectory. Why? Because everyone is $Rich$ … right? The market charges what the traffic will bear. If you pay it … they will keep jacking up prices. It’s really that simple. The government is printing money at breakneck speed and volume, the stock market is setting record after record, and “stimulus” checks keep flowing. So, American business sees all this money flowing … and simply stick their hands into the flow to grab ‘their fair share’. Oh … and Biden will be coming for the leftists “fair share” too … by increasing taxes.

      These are the exact same conditions that prevailed prior to the 2009 recession/depression … which was caused by MORE than simply credit default mortgage bundles. $5.00/gal. gasoline prices in 2008 certainly drove the crash.

      1. Kenji..
        “…$5.00/gal. gasoline prices in 2008 certainly drove the crash…”

        …and $9.00 2 X 4’s will drive this one.
        There is a CRASH coming…of that I have zero doubt.

        History ALWAYS repeats itself….I kinda Liken this one in NA to the Weimar Republic with massive amounts of money printing. As such, I would note that we already have this Century’s version of the National Socialists waiting in the wings ready to FULLY implement their agenda, now don’t we..??

        Big Harma – Big Tech – Multi Nationals – Davos Gang along with the old school group: KRUPP, Siemans, Ford Motors (Power Corp.??), etc. plus every Major global Banking outfit to boot.

        See, if it weren’t for the FINANCIERS who propped up Adolfs’ little gang, they would most likely never have gained power. THOSE mofo’s are your REAL NAZI’s….and their goal, as its always been, is full on Eugenics and Planetary De-Population

    2. “hasn’t anyone bought anything lately?”
      It must be that fewer people are buying anything new beyond staples recently; second hand stores are doing a booming business. Probably can’t afford the new stuff. Also, few things ‘for free’ can be found anymore.
      Is the new ‘dirty thirties’ imminent?

      1. In Canada the $9 sheet of oriented strandboard (chips and glue) of 2 years ago is now over $50. Food is increasing in price at an alarming rate. That $80,000 oilpatch pickup truck (every option possible) is now $130,000.

        1. grocery bill March vs April, up $200, no change in buying habits.

      2. cryptic cynic, second-hand stores are doing a booming business only when they are allowed to open. In my neck of the woods, they’re all shuttered.

  4. The only “transitory” thing about America is Biden’s first 100 days. It just might become a history book title … The First 100 days of America’s Destruction

  5. Not to worry. It’s apparently all just the “used vehicles” category (up 10% in one month). Look away. Nothing to see here.
    LOL.

  6. Our betters never cared about price inflation. They can hedge against that, far better than their wage-slaves can.

    What actually gets their attention is wage inflation. They’ll move heaven and earth to avoid paying an honest man a living wage.

    Our betters never, in fact, got price inflation under control. Access to Chinese slave labour just made it easier to move factories out of north America if the staff asked for cost-of-living allowances.

    The official two percent number is about right if you just look at crap made in China. Stuff that has to be made in Canada (like houses fit for human habitation), not so much.

  7. ZeroHedge has been slagging the “transitory” monicker for a month now, it’s BS. We’re on the precipice of Weimar-style hyperinflation, see: Venezuela.

    I hope your pantries are already full, your jerry cans are topped up, and your ammo is not just sitting in its box on a shelf.

    1. Well I added some garden boxes to my yard. Less to mow, more vegetables, assuming we ever get rain.

  8. I’m surprised they didn’t go with the spin that wages aren’t rising so there’s no price/wage spiral.

  9. The American left can be reassured by taking a page out of their cousins to the north. For ever now all bad news can be blamed on Trump as it is here on Harper.

    1. Who’s face are we gonna put on Canada’s new $1,000,000,000 bank-note? Maybe a Kielberger brother on each side?

  10. Corporate tax increases won’t help keep inflation down nor will people getting out and letting loose.
    In Chinada, elevator tax on beer and wine, carbon tax increases, increasing federal minimum wage, increasing paid time off, shortages of skilled trades and STEM workers, shortages of chips. These are all price risers.
    Adding 1/2million people (half the size of Ottawa) makes for housing shortages even if it suppresses wages somewhat.
    As some others have stated, I’m surprised some eco-nutter hasn’t done a pipeline bomb.
    Now add in all the businesses that barely made it through the lockdown who need to pay the piper. Think a burger and a beer on a patio is going to be cheap this summer?

  11. Correct me if I am wrong , please. But I believe the only possible way to EVER repay the debts these governments have racked up in the last year, is MASSIVE inflation. Just because it is the WORST possible kind of taxation on the poorest citizens, has never stopped a politician from implementing the exact same solution – print MORE money and devalue the currency further. It should be a HANGING OFFENCE.

    1. The debts they impose on us should be added to the political party that makes it.
      Giving money away world wide while expecting its citizens to pick up the tab.

  12. And to contribute to an even more upbeat morning (sarc on), just heard that if the US were calculating the inflation rate as they did during the 1990s, the current rate would be just over 8% and if calculated as during Jimmy Carter’s disastrous economic tenure, it would be at 11%. Carter’s worst was just over 13% just before the Reagan era. So, if true, we are starting out where Carter ended. Good times indeed.

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