16 Replies to “From The People Who Said “Transitory””

  3. Justin Tru-mow can take solace from the fact that the only damage the lawnmower did was to turn him into Justin Tru-Moe, as in Moe of the Three Stooges.

  4. Don’t worry, Juthtin, you monkey-faced pole smoker.
    When inflation slows (somewhat) recession is going to kick in so then you can print billions in hand-outs again.

  5. The last time we enjoyed this rate of inflation, there was another Trudeau as the Canadian vote-buying sociopath in chief. I question the rhyme thesis and insist that history does “repeat”.

  7. Could you define “much” worse? Does that phrase have the same accuracy as “transitory”?
    The only people who believe that inflation is only 8% are those who feel that not getting “much worse” is a good thing.

    1. They won’t have to hide it. Just distract the mob with bread and circuses. Are you not entertained?

  10. Inflation is a lot higher than 8% by any honest measure. Gas is up 60% year over year. That has a multiplier effect on the production and transport of all products.

  11. How much did Trudeau’s media largess go to Theophilos Argitis (Ottawa Bureau Chief of Bloomberg) to write this article?
    Why won’t the Sun run a disclaimer “The author of this article has received funding from the Government of Canada” on any article that is written by someone receiving direct or indirect subsidies?

    and, yes it can get worse, because we haven’t seen the increases from increased fuel costs percolate through the whole system yet.

    2. “Why won’t the Sun run a disclaimer …”

      Because …. oh, to hell with it, why repeat myself. See my comment at 3:07. 🙂

  12. Inflation is much higher that 8%, and is going much higher still. The fuel costs and fertilizer costs are not even reflected in food costs yet. Wait until December, if you haven’t froze to death and hungry already.

  13. Back in the day (and we’re talking close to a half century ago), we bought our first home; mortgage rate was 9.5%. Mind you, the house cost $24,000 and we had a $5,000 down payment, but it wasn’t great. Six years later we sold that house and moved to where we are now. Fortunately, we had been for some years and were with a credit union so had been able to always make monthly payments over the minimum. As a result, when the mortgage rate went up to 16.5%, we were okay. But we were also economizing like crazy; had a batch of really good ground beef and chicken (in those days, whole chicken was cheaper than parts) recipes to keep the horde fed.

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