Top economists link Trudeau's immigration policies to rising inflation and weak productivity

[CdnFox]

1 hour ago, Moonbox said:

Correct. You said that.  Nobody else did, and it's made-up nonsense.  

 

It's pretty much word for word what the scotia bank said   Sorry kiddo.

Quote

What top economists are saying:

What they're saying, which i've posted for months, is that initially inflation was caused by about 50 percent foreign/global issues and the rest is issues that are happening in canada.  Now - they're saying that it's mostly canadian issues that trudeau has control over, such as immigration.

The top economists pretty much all agree -our inflation is due to excess spending (cut it by 3 percent and it's over),  immigration, and to a lesser degree taxes such as the carbon tax.  THat makes up the lions share of it today.

Gov't spending increases inflation and trudeau has spent more than anyone else ever has and borrowed more money than ALL OTHER PRIME MINISTERS COMBINED.  So of course that drove inflation up. 

He's bringing in more immigrants and refugees than EVER BEFORE in our history not only as an acutal number but as a percent of our population at  a time when we have supply chain issues internally including housing and medical service.s Of COURSE that drives inflation up.

His carbon tax inflates the cost of everything as well. 

That's what inflation is made of.  Justin has been responsible for a huge hunk of it all along and now it's pretty much all him. If he cut spending by 3 percent it would be gone, if he cut immigration back to levels equal to our ability to provide for them it would be gone.

And when the liberals and justin are gone - then it'll be gone.

 

Sorry kiddo - your boy justin is the reason we have higher interest rates and inflation .  As the OP article notes

 

[CdnFox]

1 hour ago, eyeball said:

That's correct.

Of course it is.

That means there are things happening here which are also happening in other countries. Like Covid.  You've heard of covid right? Created quite a stir in it's day. Well - it happened in more than one country.

So all those countries had to figure out what to do. Canada included.  Canada shut down large parts of it's economy and then the feds decided to distribute tonnes of money to people and to businesses for a long time. That creates inflation But the fact that some other countries ALSO gave their people money and created inflation over there doesn't affect OUR inflation at all. 

Do you get it yet little guy    You are taking one of moonbeams DUMBEST arguments ever (and that had some real competition) and you're using it to make yourself look even stupider than usual

50 percent was from outside sources. The rest is "made in canada" whether the rest of the world has similar problems or not

Justin appreciates your efforts on his behalf but you're making the both of you look bad.

[eyeball]

12 minutes ago, CdnFox said:

Of course it is.

Now complete the sequence below to discover the percentage of things that are different from the issues accounted for.

50% + 35% + ... = 100%

[CdnFox]

32 minutes ago, eyeball said:

Now complete the sequence below to discover the percentage of things that are different from the issues accounted for.

50% + 35% + ... = 100%

You can't math very well it seems

THe equaison is 50% + __ = 100 percent

I'll give you a minute to get your calculator

[eyeball]

1 minute ago, CdnFox said:

You can't math very well

I can still do it far better than you can read.

[Moonbox]

1 hour ago, CdnFox said:

It's pretty much word for word what the scotia bank said   Sorry kiddo.

1.  Canadian inflation: mostly temporary and mostly foreign

2.  Around 50% of the increase in inflation observed since the end of 2019 can be ascribed to global or foreign factors. These include US inflation, commodity prices and movements in the exchange rate.

3.  Supply challenges that largely reflect developments at the global level account for another 35% of the rise in inflation.

4.  Well over half of the increase in inflation observed in Canada reflects global factors and supply challenges

5.  Purely domestic factors account for a small, but important, share of inflation.

 

The above quotes are "word for word", the same thing as your claim:

a) Only 50% is "external".

b) Justin is responsible for over 50% of inflation.

 

Thanks for summing up your clownworld reasoning so perfectly.  😆👌

Edited January 18, 2024 by Moonbox

[CdnFox]

44 minutes ago, eyeball said:

I can still do it far better than you can read.

You can't even count past two without taking your mittens off.

100% - 50% =?

[CdnFox]

8 minutes ago, Moonbox said:

1.  Canadian inflation: mostly temporary and mostly foreign

It's been 3 years now  

Sorry kiddo - mostly temporary and mostly foreign was what the BoC claimed initially and they've already apologized for being wrong.

Quote

Around 50% of the increase in inflation observed since the end of 2019 can be ascribed to global or foreign factors.

And 50 percent is not.  It's really that simple. 

But hey - maybe if you say it again SOMEHOW 100% - 50%  WON'T equal 50%

So lets try your math skills again. If i have 100 percent and i take away 50% what do i have left?

Anyone? Anyone? Bueller?

LOL - justin appreciates you efforts  

[Moonbox]

16 minutes ago, CdnFox said:

Sorry kiddo - mostly temporary and mostly foreign was what the BoC claimed initially and they've already apologized for being wrong.

No muppet.  That was from Scotiabank at the end of 2022, and it was the title of their press release. 

https://www.scotiabank.com/ca/en/about/economics/economics-publications/post.other-publications.inflation-reports.causes-of-inflation--december-5--2022.html

17 minutes ago, CdnFox said:

So lets try your math skills again. If i have 100 percent and i take away 50% what do i have left?

and then, after that, subtract another 35% - what do you have left?  

1.  Canadian inflation: mostly temporary and mostly foreign

2.  Around 50% of the increase in inflation observed since the end of 2019 can be ascribed to global or foreign factors. These include US inflation, commodity prices and movements in the exchange rate.

3.  Supply challenges that largely reflect developments at the global level account for another 35% of the rise in inflation.

4.  Well over half of the increase in inflation observed in Canada reflects global factors and supply challenges

5.  Purely domestic factors account for a small, but important, share of inflation.

all of these together, according to CdnFox fantasy-logic, means Trudeau was responsible for over 50% of inflation. 

🤡👍

[CdnFox]

3 minutes ago, Moonbox said:

No muppet.  That was from Scotiabank at the end of 2022, and it was the title of their press release. 

Yes little guy - it was   As to scotia - that's their headline but it's not actually in their report   At all.

know what is? This:

Pandemic support programs for firms and households are creating the excess demand that the country is experiencing. Absent from these support measures, Canada would still be in excess supply.

Oopsie.  There goes your entire argument.

35 percent was from.... what? Supply chain issues?  And we wouldn't HAVE that if what?  Trudeau hadn't spent that money or had spent less on pandemic relief?

 

Gotcha kiddo.    Right there, you've just shot your whole '35' percent argument in the foot.

Trudeau was responsible for about 50 percent of our problems initially - but now it's even higher.

 

Quote

and then, after that, subtract another 35% - what do you have left?  

You lying to defend trudeau. That's what you have left if you try to subtract another 35 percent  

[Moonbox]

38 minutes ago, CdnFox said:

35 percent was from.... what? Supply chain issues?  

3.  Supply challenges that largely reflect developments at the global level account for another 35% of the rise in inflation.

Where does this say anything about Trudeau's spending on pandemic relief?  Hold on, you mention it yourself:

38 minutes ago, CdnFox said:

Pandemic support programs for firms and households are creating the excess demand that the country is experiencing. Absent from these support measures, Canada would still be in excess supply.

followed by:

"While the impact of these programs on the output gap is large, the empirical impact of the output gap on inflation is modest, leading us to estimate that government transfers account for around 0.45 percentage points of the rise in inflation we have observed since the end of 2019."

https://www.scotiabank.com/ca/en/about/economics/economics-publications/post.other-publications.inflation-reports.causes-of-inflation--december-5--2022.html

If inflation in 2022 ended up ~4.5% higher than the BoC's target rate, and government transfers only account for 0.45% of that...oof buddy.  That's less than 10%.

So here we go now:

50% to global factors

35% to supply challenges

10% to program spending (go ahead and blame that on Trudeau)

= 95%

38 minutes ago, CdnFox said:

Trudeau was responsible for about 50 percent of our problems initially - but now it's even higher.

I'm afraid Scotiabank's math makes that impossible, but Fox-believe fantasy math works different it seems.  😆

Edited January 18, 2024 by Moonbox

[CdnFox]

3 minutes ago, Moonbox said:

3.  Supply challenges that largely reflect developments at the global level account for another 35% of the rise in inflation.

Where does this say anything about Trudeau's spending on pandemic relief?  Hold on, you mention it yourself:

followed by:

"While the impact of these programs on the output gap is large, the empirical impact of the output gap on inflation is modest, leading us to estimate that government transfers account for around 0.45 percentage points of the rise in inflation we have observed since the end of 2019."

https://www.scotiabank.com/ca/en/about/economics/economics-publications/post.other-publications.inflation-reports.causes-of-inflation--december-5--2022.html

If inflation in 2022 ended up ~4.5% higher than the BoC's target rate, and government transfers only account for 0.45% of that...oof buddy.  You're looking pretty dumb right now.  🙃

Oooo - sorry kiddo - your bad Engrish has hurt you again.

The point isn't how much it was - the point is that it's part of the 35 percent.

Your whole claim was that the 35 percent was ENTIRELY EXTERNAL FORCES - that's why you wanted to add it to the 50 percent.

But - as this clearly shows, the 35 percent is NOT external but rather internal issues such as supply -  when they say 35 percent is things like supply chain - they're talking about this.  So the 35 percent is made up of things LIKE THIS - INTERNAL SUPPLY ISSUES CAUSE BY TRUDEAU'S SPENDING,

In fact to use your own numbers - the transfer payments alone made up 10 percent of the inflation.  10 percent of the 35 percent.

 

ROFLMAO - the "Oof" is all yours    You have successfully proved yourself wrong.  50 percent is made up of external things,  the rest (including the 35 percent) is made up of supply chain issues and factors that are 100 percent CANADIAN made, even if some of them are issues other countries face

Total gotcha kiddo   You effed up bad   

[Moonbox]

9 minutes ago, CdnFox said:

Your whole claim was that the 35 percent was ENTIRELY EXTERNAL FORCES - that's why you wanted to add it to the 50 percent.

My claim is that it means exactly what is says:

3.  Supply challenges that largely reflect developments at the global level account for another 35% of the rise in inflation.

Turning that into:

18 minutes ago, CdnFox said:

this clearly shows, the 35 percent is NOT external but rather internal issues such as supply

is a fantasy adventure.  You've turned it into what you need it to mean in order to shelter yourself from the realization that you got caught bullshitting...again.  

[CdnFox]

37 minutes ago, Moonbox said:

My claim is that it means exactly what is says:

3.  Supply challenges that largely reflect developments at the global level account for another 35% of the rise in inflation.
 

Sure - covid is a global issue So Cerb - which was canadian - reflects developments at the global level.

But it's still internal.

But as we've seen - the inflation was still internal.

Only 50 percent was from global forces. 35 percent was not - but reflected things that were also happening elsewhere.

AS you proved with your own quote - showing 10 percent of the 35 percent was from the covid spending alone. Germany didn't cause our CERB,  the US didn't cause our CERB -  we caused our cerb,

ANd now every economist out there is screaming about how inflation is a result of immigration and spending and how the gov't was warned ages ago this was the case  

LOL -  trudeau appreciates your efforts. But most of the inflation we've got is from him. Sorry kiddo  

[Moonbox]

On 1/18/2024 at 5:12 PM, CdnFox said:

Only 50 percent was from global forces. 35 percent was not - but reflected things that were also happening elsewhere.

Completely made up nonsense, coming from nowhere but Fox's make-believe.  🥱

On 1/18/2024 at 5:12 PM, CdnFox said:

AS you proved with your own quote - showing 10 percent of the 35 percent was from the covid spending alone. Germany didn't cause our CERB,  the US didn't cause our CERB -  we caused our cerb,

That isn't even remotely what my quote said.  This is how we know that on top of being a belligerent and clueless muppet, you're also blatantly dishonest.  How you warped the quote below into the quote above is...bananas.  

"While the impact of these programs on the output gap is large, the empirical impact of the output gap on inflation is modest, leading us to estimate that government transfers account for around 0.45 percentage points of the rise in inflation we have observed since the end of 2019."

 

 

[CdnFox]

1 hour ago, Moonbox said:

Completely made up nonsense, coming from nowhere but Fox's make-believe.  🥱

You took five days to think about it and that's the best you could do   Dodge the point with a lie?    LOL tell me you're a liberal without telling me LOL .

And i see you're having a hissy fit - that's your standard behaviour when you think you've  lost. I guess that's you're way of telling me you've realized i was right?  

Quote

That isn't even remotely what my quote said. 

It absolutely is. 35 percent is supply chain and other issues. They then go on to mention an example being the supply chain issues caused inside canada by trudeau's transfer payments (cerb etc). They note that it's 10 percent of the rise we've seen based on your figure of a 4.5 percent rise.

So.  Your entire argument - EVERYTHING you've argued - is that the 35 percent is from FOREIGN issues and not justin.

Well, we just saw that this was a lie on your part. As you've been told many times.

10 percent of that 35 is directly attributable to trudeau and his covid spending.  NOT foreign. So your entire argument went out the window. the 35 percent is CANADIAN issues even tho they may REFLECT global issues such as covid.  But still 100 percent canadian.

These are your sources and figures.

Sorry kid   You've successfully proven what i've said all along, only 50 percent of the intitial inflation was from exterior sources, and that's it. The rest was in canada  

All these months of you trying to pretend otherwise and you still wind up looking like a fool  

[Moonbox]

3 hours ago, CdnFox said:

You took five days to think about it and that's the best you could do   Dodge the point with a lie?    LOL tell me you're a liberal without telling me LOL .

Tell me you spend all day every day arguing on the internet without telling me.  LOL. 

I was out and doing things this weekend.  Copy-pasting quotes to point out your bullshitting and make-believe wasn't a priority.  Sorry?  😆

3 hours ago, CdnFox said:

It absolutely is. 35 percent is supply chain and other issues. They then go on to mention an example being the supply chain issues caused inside canada by trudeau's transfer payments (cerb etc).

No they didn't. You just made that up.  It didn't say that anywhere in the report.  This is what it said:

3.  Supply challenges that largely reflect developments at the global level account for another 35% of the rise in inflation.

It doesn't say "supply chain and other issues", nor does it connect CERB or transfer payments to supply challenges anywhere in that report.  If it did, you could provide a quote, but you're lying, so you won't.  🙃

[CdnFox]

18 minutes ago, Moonbox said:

Tell me you spend all day every day arguing on the internet without telling me.  LOL. 

ROFLMAO!!!!!!!!!  I love it when we get to this part     You can't defend yourself any more so it's "you type too much" and "your posts are too long, i can't read that much "  HAHAHAHAHAHA  - that's awesome   

Quote

No they didn't. You just made that up.  It didn't say that anywhere in the report.

It did and you quoted it   You literally thought it was proving your point and quoted it but you screwed up and wound up proving yourself wrong.

Gotcha kiddo maybe if you learned to read more you'd actually win a few  

LOL you're just freakin priceless  

[Legato]

On 1/18/2024 at 11:33 AM, eyeball said:

That's correct.

Now complete the sequence below to discover the percentage of things that are different from the issues accounted for.

50% + 35% + ... = 100%

Fifty plus thirty five to the power of twelve collywobbles divided by eleventytwo equals Trudeau's sock drawer.

This drawer blinds him/her to the fact that the economy is in a mess.

Today he's wearing two pairs of socks because global warming is out of action due to the cold 

[CdnFox]

23 minutes ago, Legato said:

Fifty plus thirty five to the power of twelve collywobbles divided by eleventytwo equals Trudeau's sock drawer.

This drawer blinds him/her to the fact that the economy is in a mess.

Today he's wearing two pairs of socks because global warming is out of action due to the cold 

Yegads! The math adds up!! I've been defeated!

[Moonbox]

1 minute ago, CdnFox said:

ROFLMAO!!!!!!!!!  I love it when we get to this part     You can't defend yourself any more so it's "you type too much" and "your posts are too long, i can't read that much "  HAHAHAHAHAHA  - that's awesome   

When you complained it took me 5 days to respond (it was a weekend, but whatever), it evidently never crossed your mind that I left my home and was living offline.

1 minute ago, CdnFox said:

It did and you quoted it   You literally thought it was proving your point and quoted it but you screwed up and wound up proving yourself wrong.

It literally was proving my point, especially the paragraph that came right after it. 

Anyone can scroll up and see Scotiabank's quotes and compare them to your mental gymnastics.  It's not surprising why none of the actual quotes ever remotely resemble what you're saying.  😆

[CdnFox]

57 minutes ago, Moonbox said:

When you complained it took me 5 days to respond (it was a weekend, but whatever), it evidently never crossed your mind that I left my home and was living offline.I

LOL - so you don't have interenet at home?  Also - thursday to monday, maybe you work short weeks?    And i didn't complain about how long it took - we all know you're a slow thinker.  I complained that despite having the time that was the best you could do  LOL!

You do this -every. single. time- . As soon as you feel you've lost you try the same tired worn out "you post too much and your posts are too long"   it's like a running gag at this point

1 hour ago, Moonbox said:

It literally was proving my point, especially the paragraph that came right after it. 

No, you got confused. Your entire argument was based on the idea that the 35 percent was included with the 50 percent. The quote you provided proved it wasn't. Which was fine, i was trying to tell you it wasn't for ages.

So. What you proved was that 35 percent IS IN FACT INTERNAL and JUSTIN'S FAULT.  Hell the one element of it that they identified - justins impact on the supply chain, proved it.

Justin caused about 50 percent of the inflation we experienced in the first couple of years, and now he's causing almost all of it.

I know it. Scotiabank knows it. The OP Article knows it. Most of Canada knows it.

But you're so desperate to defend justin that you can't even bring yourself to admit something that's been proven 100 times over at this point.

[Gaétan]

Poilievre has spoken out against immigration, so his wife who is of South American descent should evict him from his home, bar him from seeing his children and seize his salary, savings and pension fund. It's common sense.

[Legato]

4 minutes ago, Gaétan said:

Poilievre has spoken out against immigration, so his wife who is of South American descent should evict him from his home, bar him from seeing his children and seize his salary, savings and pension fund. It's common sense.

You slicing onions again?

[CdnFox]

 

36 minutes ago, Gaétan said:

Poilievre has spoken out against immigration, so his wife who is of South American descent should evict him from his home, bar him from seeing his children and seize his salary, savings and pension fund. It's common sense.

poorly programmed bot says what?