this post was submitted on 21 Sep 2023
15 points (74.2% liked)

Canada

7564 readers
1093 users here now

What's going on Canada?



Related Communities


🍁 Meta


πŸ—ΊοΈ Provinces / Territories


πŸ™οΈ Cities / Local Communities

Sorted alphabetically by city name.


πŸ’ SportsHockey

Football (NFL): incomplete

Football (CFL): incomplete

Baseball

Basketball

Soccer


πŸ’» Schools / Universities

Sorted by province, then by total full-time enrolment.


πŸ’΅ Finance, Shopping, Sales


πŸ—£οΈ Politics


🍁 Social / Culture


Rules

  1. Keep the original title when submitting an article. You can put your own commentary in the body of the post or in the comment section.

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


founded 4 years ago
MODERATORS
 

The popular idea that prices should fall to previous lows gives most economists chills. Deflation is bad for everyone, they say.

you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 2 points 1 year ago (1 children)

I think if you extrapolated from 2019 with a 2% inflation rate extended to 2025 or 2026, and managed to intersect with that, it would be kind of good, but I don't know if you can without some harm somewhere. You have a very real disruption in the pandemic, followed by a large land war in Europe.

However you cut it, there is some pain to be spread around. It just seems that the Billionaires won't be feeling any of it.

Still, a "soft landing" still might be kind of do-able, I wouldn't be adverse to a few years of 1% inflation in the CPI with 2% pay raises. But macroeconomics is hard at the best of times. Hey, how about those housing costs?

[–] [email protected] 1 points 1 year ago* (last edited 1 year ago)

Hey, how about those housing costs?

Check out the data. The housing market crashed in 2022. It'll take a couple more years to find the bottom, no doubt, but the problem is basically solved.