Economy – Page 14 – Blazingcatfur

Carbon, Inflation And The Attack On Canada’s Middle Class

In 2018, an Ekos Research Poll reported that less than 50% of Canadians identify as members of the middle class — a steep drop from nearly 70% in 2002.

“The whole notion of a middle-class dream — I work hard, build a better mousetrap, do better than my parents, my kids do better than me, I get a house, a car, retire in comfort — that has all been shattered.”

That was then, and this is now. The Canadian middle class is shrinking. A distinction between mainstream media and Cultural Action Party theory lies in the balance. For us, the transformation is intentional. It is a systemic “hollowing out” of Canada’s middle class.

by Sarcasticat•November 2, 2021November 2, 2021•0•"Elites vs. Populists", Canada, Canada's Corrupt Liberal Government, Carbon Tax, Economy

Trump wanted $10trillion in reparations from China for the damage they caused with COVID and considered setting up a panel of experts to investigate the origins, Peter Navarro claims in new book

‘By sticking China with a bill for the havoc it has wreaked on the U.S. economy and American people, we could effectively cancel our debt to China and still lay claim to trillions of dollars more in damages for the havoc inflicted by the [Chinese Communist Party],’ wrote Navarro, who supported the idea.

by Sarcasticat•November 2, 2021November 2, 2021•0•"China - Communist Slave State", "China eats weird animals disease", China, Donald Trump, Economy

I’m A Twenty Year Truck Driver, I Will Tell You Why America’s “Shipping Crisis” Will Not End

I have a simple question for every ‘expert’ who thinks they understand the root causes of the shipping crisis:

Why is there only one crane for every 50–100 trucks at every port in America?

No ‘expert’ will answer this question.

by Sarcasticat•November 2, 2021November 2, 2021•0•"Disinformation", Economy

2 out of 3 Canadians stressed about inflationary rise of food, fuel, and housing costs.

A survey of Canadians to understand their biggest financial stressors and found that inflation is weighing heavily on our minds. As Canada’s inflation rate soared to an 18-year high, increased cost of living is a source of financial stress for two out of three (67%) Canadians — more than double that of any other financial stressor.

by Sarcasticat•November 2, 2021November 2, 2021•0•Canada, Canada's incompetent Liberal Government, Economy

Trump Predicts What Will Happen to Gas Prices, And It Sounds Horrifying

Former President Donald Trump, who earlier this year foretold of the gas price increases that have rocked Americans, now says $10 a gallon gas could be coming to Joe Biden’s America.

by Sarcasticat•November 2, 2021November 1, 2021•0•"President Dementia AKA Joe Biden", Economy, oil and gas

Canadian Real Estate Prices Are Overvalued By Up To 91%: Moody’s

Canadian real estate is very overvalued, according to a massive credit rating agency. Moody’s Analytics released its Canadian real estate model this week. The firm’s model shows markets are overvalued by up to 91% across the country. As disastrous as that sounds, the firm isn’t expecting a big housing crash. The baseline model shows low to no price growth, as mortgage rates rise.

by Sarcasticat•November 1, 2021October 31, 2021•0•Canada, Economy

Lumber crash leads to ‘blowout’ sales as prices crater

Homeowners who resisted the urge to renovate during the first 18 months of the pandemic may find now is their chance, as lumber prices that soared to dizzying heights in the spring have crashed back down to earth.

by Sarcasticat•October 30, 2021October 30, 2021•0•Canada, Economy

Canada’s economy stutters and stalls amid supply bottlenecks

Canada’s economic growth unexpectedly faltered at the end of the third quarter, casting doubts on the strength of the nation’s recovery.

by Sarcasticat•October 30, 2021October 29, 2021•0•Canada, Canada's incompetent Liberal Government, Economics, Economy

Inflation Just Soared to a Brand-New 30-Year High

Another measure of inflation has hit a 30-year high as some say White House policies continue to hurt the economy.

by Sarcasticat•October 30, 2021October 29, 2021•0•"President Dementia AKA Joe Biden", Economics, Economy

Is Economic Collapse Part of Trudeau’s Plan To Bring An End To Democracy?

In present-day Canada, dire fiscal warnings have become a way of life. For the past six years economists have been throwing red flags at the Liberal government’s unprecedented financial deficits.

by Sarcasticat•October 29, 2021October 29, 2021•0•Canada, Economy, Justin Trudeau - Pissant, Liberal Party Of Canada

The Bank Of Canada Is Rapidly Losing Credibility

Late to figure out what was obvious to many Canadians, the Bank of Canada increasingly appears to be both out-of-touch and ideological.

by Sarcasticat•October 29, 2021October 28, 2021•0•Banks, Canada, Economics, Economy

GOLDSTEIN: New study breaks down how minimum wage hikes don’t help the poor

Minimum wage hikes are an ineffective way of combatting poverty because more than 92% of Canadians earning minimum wage don’t live in low-income households, according to a new study by the Fraser Institute.

by Blazingcatfur•October 28, 2021October 28, 2021•0•Economy

If Canada Is Too Stupid & Naïve To Utilize Our Own Resources, Other Countries Deserve To Profit At Our Expense

It’s all about survival of the fittest when it comes to economic competition.

by Sarcasticat•October 28, 2021October 27, 2021•0•Canada, Economics, Economy

Retail down 1.9% as supply chain concerns grow

Canadians have reported missing goods in retail stores across the country as suppliers struggle to meet global shipping constraints.

Additionally, a shortage of microchips has impacted the automotive and consumer electronics sector, the outlet Baystreet reports.

by Sarcasticat•October 27, 2021October 26, 2021•0•Canada, Economy

Canadian supply delays come as a warning that future interruptions could be worse

According to supply chain experts, the bright side of the current breakdown in the exchange of labour, components and ingredients is that it comes as a warning to Canadian businesses to become more supply-resilient.

by Sarcasticat•October 26, 2021October 25, 2021•0•"China eats weird animals disease", Canada, Economics, Economy