28 Replies to “Temporarily Unexpected”

    2. I am in Calgary Canada and on the evening news they were talking about rents going up as much as 30% this year. Unless they misspoke I took that to mean since new years. Increases like that are just nuts. My son and several buddies rent a place and the property manager tried a huge increase and they said they would move and then settled on about 8.3 % increase which is still high by historical standards and none of them are getting 8 % increases in wages.
      This isn’t going to end well IMHO 🙁

      1. My landlord is a major rental company based in Edmonton. About 15 years ago, it raised rents 10 – 15% annually for about 3 or 4 years. One reason, I suspect, was to force people like me to sign a lease and commit to a fixed time period. A lot of seniors, who lived off fixed incomes, were severely hurt by that and they moved out, which, it was rumoured, was the objective for them.

        The other one, which was a load of horse puckey, was “market forces”. Uh-huh. The competition got away with jacking up rents that high, so the company had to do the same.

  2. 1) there is no threat of inflation due to the government borrowing then “spending” a trillion dollars
    2) there is no inflation, like we said
    3) there is some inflation, but not everywhere, and its not bad, so point 1 stands, please ignore point 2
    4) there is some inflation in some minor areas such as fuel, housing and food, but its manageable
    5) its only for a short time, just like two weeks to flatten the COVID curve, remember then?
    6) inflation is actually good, Stephen Colbert says so, and who would know better than a celebrity millionaire?
    7) the government has a plan for inflation if it ever really becomes a for real problem for real people
    8) you’ll love wage and price controls…
    9) its corporate greed that somehow didn’t exist two years ago, just started overnight
    10) did we mention the inflation that isn’t happening, but would be great, is Putin’s fault?
    11) overturning Roe will damage the economy
    12) CTRL/H inflation/stagflation
    13) CTRL/H stagflation/recession
    13) CTRL/H recession/New Great Depression

  3. Wall Street superfunds cannot WAIT till people start selling their homes for pennies on the dollar in desperation … so they can buy up all the distressed properties. And then you’ll all own NOTHING … and you’ll LOVE the crumbs tossed by the benevolent (if you agree with them) government.

  4. Meanwhile Blackie is ranting about global warming and gender equity in California.

    1. The only idea we should be importing from California are its election recalls.

      1. Among the things we import from California are its election methods.

  5. Trudeau is busy running down the Republicans while Canada is close to total collapse.He May think he wants a reset but be careful what you wish for.It took about a week for gas stealing to amp up big time when the price went up,food and other items will be next

    1. Do note that Justin is not doing that sort of thing in Canada.

      It might have something to do with his pants-wetting cowardice.

  6. This is some by incompetence, some by design. Energy is high and going higher, food will be next. By fall, it will be up 30-50% from now, at that point, I sincerely hope we have civil unrest. It is time for politicians and senior bureaucrats to adorn lamp posts.

    1. “…food will be next….”

      “The Canadian Dairy Commission (CDC) — a Crown corporation that controls the “farm-gate” price that processors like Saputo pay to farmers for their milk — already increased prices by a record 8.4 per cent in February. The annual increase was meant to offset rising costs for feed, fertilizer and fuel. But last week, the CDC announced it was mulling an uncommon “mid-year” price increase.”

      https://financialpost.com/news/economy/saputos-price-hikes-cant-keep-up-with-inflationary-pressures-as-profits-slump

  7. There is lots of work in my part of the country. Businesses can’t get workers. Pay is good.
    At same time people are struggling with prices: gas, food, housing. Mortgage payments going up is going to stress more.
    Ability to find stuff that you want to buy is hard: reduced product selection or just not available.

    Seems more like late 1970’s than early 1980’s. Maybe we get several years of unrest coming at us with accelerating inflation, wages, prices, interest. Demographics in the 1970’s was an expanding labour force but now in 2020’s it is a shrinking labour force. Not sure how the excess demand can be fixed with supply being in big trouble. Getting rid of the government nonsense would help (government work, travel passes; carbon taxes; solar/wind/EV; printing press currency) but Trudeau and Sidekick Singh won’t go there; we’re stuck with those two until 2025/2026 unless their caucuses revolt.

  8. Coloured diesel now at $2.04 per liter – up from $0.88 per liter a year ago. The sale price of hydraulic fluid has gone from $52 per 5 gallons to $64. A 7-ton load binder that was $39 last fall is $49. And cans of metal spray paint have gone from $9.99 to $14.99.

    My wife went grocery shopping yesterday and came home shaking her head, “it’s crazy. Everything that was four or five bucks has gone up two bucks. I just left it there.”

    Can somebody out there find just one thing that has gone up only 8.6 percent?

  9. I live in a rural community of mainly small scale farmers/homesteaders almost all of whom can’t make just on farming and have an off farm job. Elders who know the stories of the depression era report they are suddenly popular with young people coming to them to ask questions about how to can vegetables or make sausage. Many are going back to keeping their own chickens and ducks. A few now have milk cows as well. Goats have suddenly appeared in a lot of yards. A local breeder of meat rabbits reports she can’t keep up with the demand for breeding stock. Giant vegetables gardens and flower pots with tomatoes, kale and peppers instead of geraniums and petunias are all the style now. Pet horses are getting a lot more work than they used to for chores like checking cattle and inspecting fence lines to save on gas.

    To quote one neighbour “We’re gonna be eating a lot more cabbage, beets and potatoes this year a lot less bananas, mangoes and rice.”

    More ominously, fences and security systems are being upgraded.

    It is pretty much agreed on where I live that another depression is coming. People are getting ready for it.

  10. According to the chart, gasoline is up 48%. Gas was $2.00/gallon in January 2021. Now it’s $5.19/gallon. Let me consult my brain. Again of 48 per one hundred would make gas $2.96. $2 to 5$ is a 150% gain.

  11. Gasoline and diesel have gone up over 100% in the last year and a half. Electricity and natural gas ~25%. The only thing that comes from where they’re pulling that 8.6% number is a crock of shit.

  12. It doesn’t help that Biden’s Treasury Secretary, Janet Yellen, and Fed Chairman, Jerome Powell, are idiots. The markets lately have been hammered because of the uncertainty over interest rates.

  13. I suspect that if you add up the past 12 months on fuel, it won’t come out to 106.7%

    Shadowstats has it at between 18.4% and much more

  14. Need an immediate 1.5% increase in interest rates. Demand needs a major cooling off.

    And dementia Joe and baby Castro do nothing to expand drilling.

    1. Holy s**t HannaH, we need at least a 5% increase and people need to suffer a bit to get their tiny minds in gear. 1.5% is pretty much meaningless.

        1. I know how it is calculated and have had 9 mortgages and the lowest was 8.25%. the highest 15.5%.

  15. You know we’re in trouble when crappy Canadian movies (sorry for the redundancy) predicted this in the 70s:

    https://www.imdb.com/title/tt0074380/?ref_=nm_flmg_act_12

    Taglines
    Global Cooling … The World’s Scourge!

    After several disastrous harvests, people from the cities are venturing into rural areas hoping to procure food to feed their families. Compounding the problem is that the farmers are also experiencing the same issues and there simply isn’t enough food to go around. As a result, the cities are placed under martial law while small vigilante groups are set up in the country to prevent armed groups from urban areas looting nearby farms. Although one particular farmer by the name of “Grant Franklin” (Clint Walker) disagrees with the need for these vigilante groups, what he doesn’t know is that the politicians have been deliberately misleading the populace and things are about to get much worse for everybody.

      1. Yes, I remember being very fond of this daft little movie, but I can’t remember why. Probably just because it was daft.

  16. The government, the section of society most responsible for the increasing costs, is the sector most protected from the effects of their policies. As long as their wages and salaries get automatic inflation bumps then they see no problem. Tie public sector compensation and wage increases to the private sector wages and inflation will be issue #1 for our rulers. let them live by our rules.

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