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Gas prices
- Thread starter ToSlow
- Start date
Please explain to the class how JT caused worldwide inflation.
Or what he could (apparently?) have done to escape a worldwide issue.
Stop it with the facts, they're ruining the rhetoric!
Mad Mike
Well-known member
I'm having trouble making sense of what point you are making the with those charts. I'll bet you could substitute Strawberries Prices for Pump Price column headings and you'd be proving the same thing.
As for pipelines... yes, our GDP would be considerably higher with pipelines. Did Harper fail? Yes, but he did his damnest to build pipelines , understanding they unlock prosperity. Unlike the next guy who dropped a few billion on Kinder Morgan to buy wome western goodwill before an election.
Since then JT has basically fooked Canadian Energy exports. Stepping back from the plate leaves the market to a bunch of unsavory characters at the expense of Canadians.
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Mad Mike
Well-known member
He didn't. He caused domestic inflation. Dump 500 billion into Canadians pocket and they do stupid things. Like buying 20 year old motorcycles for twice their 2018 value.
I could go deeper, but its a long boring discussion and has some big words.
If you think the world created Canada's inflation problem, then why is Canada raising domestic interest rates? You think that's to chill the world economy?
Maybe what Japan, Switzerland and a few other fiscally responsible countries did, provide aid where needed.
Maybe he could have learned from his mistakes... yesterday he announced plans to dump another $40+ billion into deficits over the next year. Maybe he's chasing his dad's inflation rate record.
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I’m not sure if you extrapolated the inflation rate and added some extra time line values the PT a record would stand over what JT has accomplished. If spending silly money is the answer that lad understands the question.
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Sorted highest to lowest..... data not drama.
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freaking Justin can't even do the inflation right.
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Prices will be going up soon as oil goes up will be way more than the tax increase.
Sent from the future
Mad Mike
Well-known member
That table might look nice -- but as often done... it's fun with statistics. Inflation rates can be mediated by manipulating prime rates and taxation. Canada does this aggressively, which makes inflation rates look nice on a chart. Thing is, interest rates and tax increases are disproportionately represented in CPI's basket of goods -- so when cost of living increases at the hands of taxes and interest rates, we feel it more than the inflation chart shows.
Borrowers are expected to see their financing costs double or triple from 2021 to to 2025. The mortgage interest cost index rose 21.2% in January, the largest increase since September 1982, following an 18.0% increase in December. Mortgage renewals are kicking in.
Put this chart against the one above for a little context. Generally speaking, the higher Domestic Rate means poorer fiscal management. We're pretty much in third world territory. So is the USA, but I don't hold that out as a reason we have managed inflation so poorly.
I find it impossible to explain Canada's inflation and high interest other than poor management of the Federal public purse.
| Country | Domestic Rate | Canada's lending Premium | |
| Peru | 0.64% | 947% | |
| Japan | 1.45% | 362% | |
| Denmark | 2.25% | 198% | |
| Netherlands | 2.43% | 176% | |
| Croatia | 2.77% | 142% | |
| Spain | 2.88% | 133% | |
| Ireland | 2.89% | 132% | |
| Taiwan | 2.97% | 126% | |
| Austria | 3.33% | 101% | |
| France | 3.39% | 98% | |
| Luxembourg | 3.43% | 95% | |
| Belgium | 3.78% | 77% | |
| Barbados | 4.00% | 68% | |
| Euro Area | 4.02% | 67% | |
| Kuwait | 4.02% | 67% | |
| Italy | 4.09% | 64% | |
| Slovakia | 4.31% | 55% | |
| China | 4.35% | 54% | |
| Slovenia | 4.36% | 54% | |
| Malta | 4.39% | 53% | |
| Germany | 4.41% | 52% | |
| Israel | 4.74% | 41% | |
| Albania | 4.77% | 40% | |
| Portugal | 4.87% | 38% | |
| Malaysia | 5.05% | 33% | |
| United Kingdom | 5.25% | 28% | |
| South Korea | 5.46% | 23% | |
| Latvia | 5.61% | 19% | |
| Hong Kong | 5.63% | 19% | |
| Estonia | 5.77% | 16% | |
| Bolivia | 5.85% | 15% | |
| Greece | 5.87% | 14% | |
| Thailand | 6.25% | 7% | |
| Bahrain | 6.44% | 4% | |
| Canada | 6.70% | 0% | |
| Botswana | 6.76% | -1% | |
| Finland | 6.84% | -2% | |
| United States | 7.74% | -13% | |
| India | 9.40% | -29% | |
| Mauritius | 9.50% | -29% | |
| Australia | 9.76% | -31% | |
| Russia | 9.79% | -32% | |
| Jordan | 10.97% | -39% | |
| Bahamas | 11.17% | -40% | |
| South Africa | 11.25% | -40% | |
| New Zealand | 11.62% | -42% | |
| Liberia | 12.44% | -46% | |
| Kenya | 12.77% | -48% | |
| Tanzania | 14.19% | -53% | |
| Egypt | 14.40% | -53% | |
| Chile | 15.73% | -57% | |
| Angola | 16.20% | -59% | |
| Ukraine | 20.48% | -67% | |
| Sri Lanka | 24.82% | -73% | |
| Hungary | 25.00% | -73% | |
| Brazil | 58.30% | -89% | |
| Zimbabwe | 99.02% | -93% | |
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Hell just let it balance itself out. All good. Nothing to see here folks.
where?
shell
fack!
yeah, Shell is usually 3 cents more expensive than Esso across a road, so...
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Sorry forgot to say Shell , that’s a fairly useless tip lol
There is a shell two blocks from my house and they are usually close enough to any other price . Not so bad on my car but wife’s burns super premium , any discount is a treat .
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