this post was submitted on 20 May 2024
74 points (87.8% liked)

Canada

7204 readers
311 users here now

What's going on Canada?



Communities


🍁 Meta


🗺️ Provinces / Territories


🏙️ Cities / Local Communities


🏒 SportsHockey

Football (NFL)

  • List of All Teams: unknown

Football (CFL)

  • List of All Teams: unknown

Baseball

Basketball

Soccer


💻 Universities


💵 Finance / Shopping


🗣️ Politics


🍁 Social and Culture


Rules

Reminder that the rules for lemmy.ca also apply here. See the sidebar on the homepage:

https://lemmy.ca/


founded 3 years ago
MODERATORS
 

The authors of the study said the figures should serve as a ‘wake-up call’ for the country’s Liberal government

you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 11 points 6 months ago (1 children)

This is very true. This century we are pretty much hitting the limits of growth and globally the response has been to hit the accelerator.

[–] [email protected] 7 points 6 months ago (1 children)

Pretty much every country fired up their money printers to power through covid.

Here is Canada's money supply:

Canada

Every other country did the same thing. Although I think governments, companies, and individuals are stumbling through the shock of such an unprecedented injection of supply... Ultimately IMO this is a global "hangover" from covid money printing.

This is why I'm hesitant to over-attribute current economic conditions to things like "approaching limits of growth". To me, those are zebras. Unprecedented monetary supply manipulation are horses. When I hear hoofbeats, my first guess is the horses.

[–] [email protected] 4 points 6 months ago

Oh sure for current inflation but everything post 2000 is a house of cards. stock prices completely deviated from earnings as they turned into value holds and income was pulled out via debt.