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1 minute ago, Elias Pettersson said:

 

No surprise at all.  If the economy worsens, then we might have to drop rates 50bps.  That wasn't my argument though.  The argument is that the economy may be worsening not getting better.  Which is the exact opposite of what this thread is trying to convince you of...

 

I'm pretty sure we've all been pointing to the moderate expeceted growth. No one is jumping up and down about the economy, but its also not time to set your hair on fire. 

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5 minutes ago, Optimist Prime said:

 If the magazine was "Ma and Pops Table Top: what is for supper" then the note 'worsening' would be replaced with 'improving'. lol. Lower inflation and lower interest rates must seem like 'worse' to someone in finance. I think?

 

It's the chicken and the egg.  The reason why we are lowering interest rates is because GDP is going down not up.  So not sure why you seem to feel it is such a positive.  Also, try telling Ma and Pa who need to pay their mortgage and feed their family that inflation is going down...

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41 minutes ago, Elias Pettersson said:

 

As Kamala would say, here's the deal...

 

Inflation is still high, prices of homes, rent and food have not gone down.  Doesn't matter what the CPI number says.  If prices of homes, rent and food were coming down nobody would be bitching about it.

 

Just because rates are coming down, it doesn't mean things are getting better.  That's why the Governor of the Bank of Canada is monitoring the situation.  GDP per capital is down 5 quarters in a row.  GDP growth this year is at 0.9%.  Last year was at 1.1%.  That number is going down not up.  

 

Also, you need to take into consideration that there is a real possibility of "stagflation" happening, which is worse than a recession.  If prices keep going up and the economy shrinks, then we are fooked...

 

One more thing.  It doesn't help the situation if all people do is try and counter this whole situation by saying that PP is worse than Trudeau.  That argument isn't going to fly anymore.  GDP is worse today than under Harper.  Food prices are worse today than under Harper.  Nobody is buying the bullshit anymore Hippy...

Whoa whoa whoa.  If inflation is coming down.  Rates are dropping.

 

Why are the THREE biggest drivers of inflation and the insane cost of living not dropping.

 

Gas/Fuel/Oil:  Prices have tanked.  But we're still paying more than ever even with the new pipeline expansion opening.  Prices not dropping but record profits again recorded.  A private business issue; not government.

 

Housing:  prices not coming down, even with some government intervention.  But the financialization of our housing market is insane and directly contributing to the insane cost of housing.  As much or more than a supply issue.  Record prices.  A private enterprise issue; not government.

 

Food:  The big 4 (5 if you include Quebec) are still managing quarterly profits above 20%.  They control not only the distribution but also point of sale for the entire country.  4 outlets, 4 groups.  They control the price of food.  With inflation dropping surely they'll be dropping prices?  No.  Oh and while prices continue to increase in the face of falling inflation; product sizes are still decreasing.  A private business issue.  not government.

 

The three biggest drivers of the cost of living are all private business.  they are all corporate.  they are all recording record profits.  They are all buying back shares or increasing their supply.  But they are all also not the fault of the government.

 

People aren't buying the bullshit?  Petey, if they think the government is the reason for this, then they're fucking stupid and are indeed buying the bullshit, at inflated costs no less.

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20 minutes ago, Warhippy said:

Whoa whoa whoa.  If inflation is coming down.  Rates are dropping.

 

Why are the THREE biggest drivers of inflation and the insane cost of living not dropping.

 

Gas/Fuel/Oil:  Prices have tanked.  But we're still paying more than ever even with the new pipeline expansion opening.  Prices not dropping but record profits again recorded.  A private business issue; not government.

 

Housing:  prices not coming down, even with some government intervention.  But the financialization of our housing market is insane and directly contributing to the insane cost of housing.  As much or more than a supply issue.  Record prices.  A private enterprise issue; not government.

 

Food:  The big 4 (5 if you include Quebec) are still managing quarterly profits above 20%.  They control not only the distribution but also point of sale for the entire country.  4 outlets, 4 groups.  They control the price of food.  With inflation dropping surely they'll be dropping prices?  No.  Oh and while prices continue to increase in the face of falling inflation; product sizes are still decreasing.  A private business issue.  not government.

 

The three biggest drivers of the cost of living are all private business.  they are all corporate.  they are all recording record profits.  They are all buying back shares or increasing their supply.  But they are all also not the fault of the government.

 

People aren't buying the bullshit?  Petey, if they think the government is the reason for this, then they're fucking stupid and are indeed buying the bullshit, at inflated costs no less.

It seems like you just want to blame all the problems on businesses and give the government a free pass, when in reality expect for the oil/gas industry and some illegal price fixing in the food industry, prices are based off of supply and demand. You may blame them for issues regarding distribution of wealth/creating the 1% but cost of living is mostly on the shoulders the government. Taxing the crap out the population, irresponsible government spending, and not addressing critical issues facing the population. Most people have had enough and it shows in JT's popularity.      

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1 hour ago, Elias Pettersson said:

 

It's the chicken and the egg.  The reason why we are lowering interest rates is because GDP is going down not up.  So not sure why you seem to feel it is such a positive.  Also, try telling Ma and Pa who need to pay their mortgage and feed their family that inflation is going down...

what it is, is this; a circular argument that only boils down to you don't want Trudeau to be PM, you want Poilievre to be Prime Minister. 
We can look forward to how well that will work for Canada, lol. Everything is broken but only P.P. can fix it. 
If you believe that, then nothing I can ever say will change your mind. You have already been programmed. Axe that tax, enjoy. 

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PP has removed all doubt about his intentions. He has begun defending and supporting the anti LGBTQ / Trans movement and for BC called it just common sense ( the BC cons commitment to go father then even Saskatchewan)

 

His recent comments about a nuclear winter due to the carbon tax is in the same realm as Trumps claim of immigrants hunting and eating pets 

 

Both are complete outright lies design to test the threshold of how far gone mentally their supporters are and to spread hate with the intent of pushing each country into crisis 

 

Well conservative supporters have shown PP they no longer are capable of rational thought and are buying everything ( same as Maga followers worship Trump )

PP neither loves Canada or you .... He is prepared to burn it all to the ground to take power

 

After he is in and carbon tax is gone .... And the price at the till doesn't really change at all .... I hope the same freedom clown group accept responsibility for the massive damage to Canadian they are about to unleash.

 

 

 

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52 minutes ago, Bure_Pavel said:

It seems like you just want to blame all the problems on businesses and give the government a free pass, when in reality expect for the oil/gas industry and some illegal price fixing in the food industry, prices are based off of supply and demand. You may blame them for issues regarding distribution of wealth/creating the 1% but cost of living is mostly on the shoulders the government. Taxing the crap out the population, irresponsible government spending, and not addressing critical issues facing the population. Most people have had enough and it shows in JT's popularity.      

It seems like you just want to give business a free pass and then blame the government for instituting wealth taxes.

 

Here's the rub mate.

 

IF the government directly intervenes.  What word do you think Pierre or the right, or corporations that would be affected would scream.


Would it be


A.  Communism

B. Socialism

C. Authoritarianism

or

D. Totalitarianism

 

Taxing the crap out of the population has not in fact really happened unless you are making more than $200k a year, which, something suggests you are not.  by and large, taxation increases have not exactly happened the way people are suggesting or insinuating.

 

The government is NOT free from blame, at all.  Your suggestion that I, or others give them a free pass is a bit laughable.  but the 3 biggest drivers that people keep using; of inflationary issues and the cost of living.  Are food, fuel and housing.  All of which the government has very little to do with.  All 3 of which are raking in record profits and have been for almost 4 consecutive years.  If the government intervenes directly via capping prices, or profits or the like.  They would be shit on.  If they subsidized the population, it would be the same as giving the entities that cause the price increases of the big 3 drivers a free pass and subsidizing their profits.  Another non starter.


So while the government is not exactly free from blame, they are also not exactly able to do much without direct government take over or intervention which would be which?

 

A, B, C or D?

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48 minutes ago, Warhippy said:

It seems like you just want to give business a free pass and then blame the government for instituting wealth taxes.

 

Here's the rub mate.

 

IF the government directly intervenes.  What word do you think Pierre or the right, or corporations that would be affected would scream.


Would it be


A.  Communism

B. Socialism

C. Authoritarianism

or

D. Totalitarianism

 

Taxing the crap out of the population has not in fact really happened unless you are making more than $200k a year, which, something suggests you are not.  by and large, taxation increases have not exactly happened the way people are suggesting or insinuating.

 

The government is NOT free from blame, at all.  Your suggestion that I, or others give them a free pass is a bit laughable.  but the 3 biggest drivers that people keep using; of inflationary issues and the cost of living.  Are food, fuel and housing.  All of which the government has very little to do with.  All 3 of which are raking in record profits and have been for almost 4 consecutive years.  If the government intervenes directly via capping prices, or profits or the like.  They would be shit on.  If they subsidized the population, it would be the same as giving the entities that cause the price increases of the big 3 drivers a free pass and subsidizing their profits.  Another non starter.


So while the government is not exactly free from blame, they are also not exactly able to do much without direct government take over or intervention which would be which?

 

A, B, C or D?

You forgot probably the biggest inflationary issue, printing money. In times of high inflation large businesses tend to make more profit as they increase prices in anticipation of higher costs. Usually whoever is at the top of the supply chain increases their price first and the rest of the chain follows to adjust for the increasing costs. This is typically why investing in the stock market and the housing market are considered the best hedges against high inflation. "as not in fact really happened unless you are making more than $200k a year" not sure where you are getting this are the majority of the tax increases in the last 10 years were applied through the carbon tax which effects the price of the majority of all goods and services.    

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1 hour ago, Sapper said:

PP has removed all doubt about his intentions. He has begun defending and supporting the anti LGBTQ / Trans movement and for BC called it just common sense ( the BC cons commitment to go father then even Saskatchewan)

 

His recent comments about a nuclear winter due to the carbon tax is in the same realm as Trumps claim of immigrants hunting and eating pets 

 

Both are complete outright lies design to test the threshold of how far gone mentally their supporters are and to spread hate with the intent of pushing each country into crisis 

 

Well conservative supporters have shown PP they no longer are capable of rational thought and are buying everything ( same as Maga followers worship Trump )

PP neither loves Canada or you .... He is prepared to burn it all to the ground to take power

 

After he is in and carbon tax is gone .... And the price at the till doesn't really change at all .... I hope the same freedom clown group accept responsibility for the massive damage to Canadian they are about to unleash.

 

 

 

 

I noticed in a recent press conference he's now also using Botox.

 

Skippy going from chunky to smooth.

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14 minutes ago, Bure_Pavel said:

You forgot probably the biggest inflationary issue, printing money. In times of high inflation large businesses tend to make more profit as they increase prices in anticipation of higher costs. Usually whoever is at the top of the supply chain increases their price first and the rest of the chain follows to adjust for the increasing costs. This is typically why investing in the stock market and the housing market are considered the best hedges against high inflation. "as not in fact really happened unless you are making more than $200k a year" not sure where you are getting this are the majority of the tax increases in the last 10 years were applied through the carbon tax which effects the price of the majority of all goods and services.    

Yet again, ignoring the biggest 3 drivers existing right now.  Or what government intervention would mean.

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Anyone want to make predictions about which party will win which seat in today's byelection? :classic_ninja:

 

Personal thought - if the Bloc wins the Quebec seat and Tories win the Manitoba seat, that might be all that's needed for the two leaders to find themselves bearing the new title "former" and sitting in the backbenches.  :classic_tongue:

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2 hours ago, 6of1_halfdozenofother said:

Anyone want to make predictions about which party will win which seat in today's byelection? :classic_ninja:

 

Personal thought - if the Bloc wins the Quebec seat and Tories win the Manitoba seat, that might be all that's needed for the two leaders to find themselves bearing the new title "former" and sitting in the backbenches.  :classic_tongue:

Bloc 100%.   The Bloc have a deal to enrich their province from the Liberals.  If I was a Quebecer i would vote for that regardless of political leanings. 

 

NDP will win the Manitoba riding after the Liberals abandoned the union vote. Along with the popular NDP premier, There will be not enough vote liberal-ndp vote splitting to have the Conservatives win in Manitoba. 

 

If the Federal NDP were smart they would replace Jagmeet with Kinew as quick as possible.  It wouldn't even matter if Kinew is bilingual or not...

Edited by bolt
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Voting Results for the electoral district ofLaSalle—Émard—Verdun
Party Candidate Votes Percentof Votes
NDP-New Democratic Party Craig Sauvé 4,764 27.5 %
Bloc Québécois Louis-Philippe Sauvé 4,757 27.5 %
Liberal Laura Palestini 4,649 26.9 %
Conservative Louis Ialenti 1,944 11.2 %
Green Party Jency Mercier 308 1.8 %

 

Elmwood—Transcona
Party Candidate Votes Percentof Votes
NDP-New Democratic Party Leila Dance 10,644 48.8 %
Conservative Colin Reynolds 9,473 43.4 %
Liberal Ian MacIntyre 1,030 4.7 %
People's Party - PPC Sarah Couture 285 1.3 %
Green Party Nicolas Geddert 284 1.3 %
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26 minutes ago, Elias Pettersson said:

The Liberals lose a seat.  In a riding where they got 43% of the vote last election.  Trudeau is fooked…

 

He's trying to aim for this crazy small bullseye of not calling an election but not stepping down and saving something up for 2025.

 

Basically like ragging the puck in the 3rd period when you're down 3-0.

 

 

Strategically, I think they are waiting on the results of the US election. We'll probably see alot more ads in November/December.

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