Canadian Federal Politics Thread v5

[Doctorfever]

Originally Posted by PepsiFree

Having a picture of Trudeau and Johnson would actually have made for a pretty good dumb and dumber meme. Johnson is giving huge Harry energy with his hair.

So many missed opportunities.

Ok, laugh it up. “There is no reason any simpleton should find humour comparing me to the dough-headed weirdo with a pretty suspect background. I mean seriously, has he ever even ran a successful small business or anything? GROW UP people “
Signed Lloyd Christmas.

[btimbit]

Originally Posted by Krovikan

If you have a partner check there account, I got the carbon tax rebate last year but under the new payment system they put it through the same sexist system (where the payment defaults to the female partner) that the CRA runs for the child support payments.

Took me way longer than it probably should have to figure out what you meant by partner here

[PeteMoss]

Originally Posted by Izzle

Are you guys sure? I checked wealthsimpletax and it says, for a couple, the person whose tax return gets assessed first will receive the payment. Usually who submitted first will get assessed first. It's not dependent on who gets the child tax benefits.

Sheep. Its all part of the war on men.

[Krovikan]

Originally Posted by PeteMoss

Sheep. Its all part of the war on men.

My posting history clearly would show that I don't believe in a war on men... I was also specifically told by a CRA agent that child benefit payments go to the female partner. I made a poor assumption that the same thing happened with the carbon tax refund.. my bad... Jeez

And I've already made two posts about my assumption and my bad.. jeez this forum is toxic...

Sent from my Pixel 5 using Tapatalk

[PepsiFree]

Originally Posted by Doctorfever

Ok, laugh it up. “There is no reason any simpleton should find humour comparing me to the dough-headed weirdo with a pretty suspect background. I mean seriously, has he ever even ran a successful small business or anything? GROW UP people “
Signed Lloyd Christmas.

You completely missed the mark here but I love the energy. Now let’s funnel that into creating better memes.

If people who are told they’ve never walk again can become medical miracles and take their first steps, I have to believe conservatives can be taught how to be funny. They might write you off, but I believe in you.

[PeteMoss]

Originally Posted by Krovikan

My posting history clearly would show that I don't believe in a war on men... I was also specifically told by a CRA agent that child benefit payments go to the female partner. I made a poor assumption that the same thing happened with the carbon tax refund.. my bad... Jeez

And I've already made two posts about my assumption and my bad.. jeez this forum is toxic...

Sent from my Pixel 5 using Tapatalk

It was meant in jest. Stay cool my friend.

[cSpooge]

Originally Posted by Krovikan

My posting history clearly would show that I don't believe in a war on men... I was also specifically told by a CRA agent that child benefit payments go to the female partner. I made a poor assumption that the same thing happened with the carbon tax refund.. my bad... Jeez

And I've already made two posts about my assumption and my bad.. jeez this forum is toxic...

Sent from my Pixel 5 using Tapatalk

Also I will point out that this isn't CRA policy and is the actual law for CCB.

[TheIronMaiden]

Is there a correlation between CERB and inflation?

[opendoor]

Originally Posted by TheIronMaiden

Is there a correlation between CERB and inflation?

Sort of, but not necessarily a strong one. Inflation is due to supply/demand imbalance and money supply increases. For the former, there was pent up demand for a lot of things coming out of the more severe phase of the pandemic that even under normal supply conditions would likely spur price increases. But then when you have supply constraints (e.g. companies having trouble increasing production quickly after shuttering during the pandemic, lockdowns in China, war in Ukraine, etc.) the inflationary pressures are even greater.

The other end of it is the money supply increase, of which CERB plays a part (but not a particularly big one). Canada's M2 supply (basically total liquid money supply) has increased by about $500B since the start of the pandemic. By comparison, CERB was about $80B, so about 16% of that. And of course, CERB wasn't just money on top of what people were already earning; to a large degree it was replacing lost earnings. So to an individual, this wasn't really "new" money that would increase their spending capacity (which would drive inflation), but rather a replacement of other income sources that allowed them to continue to pay for necessities (food/rent/mortgage/etc.).

And beyond that, CERB was more or less a one-time thing. So it wouldn't explain the continued inflation we're seeing, because it would have largely already worked its way through the system. And money supply increases in general have moderated significantly, so that should remove pressure from that side of the equation. Canada's M2 increase in the last 2 years of the pandemic are on par with what we saw basically every single year in the '70s and early '80s, so as long as they don't continue that we should avoid runaway inflation. And so far they're not, as 2022 is on pace to see one of the the slowest increases in M2 in the last several decades.

[Azure]

How much did the US M2 Supply increase the last 5 years?

[Fuzz]

Originally Posted by Azure

How much did the US M2 Supply increase the last 5 years?

https://fred.stlouisfed.org/series/M2SL


Graph here. But about $8.5 trillion.

[opendoor]

Originally Posted by Azure

How much did the US M2 Supply increase the last 5 years?

$8.2B (60% increase). So it's high, but not insanely so historically. The average 5-year increase in US's M2 in the last 60 years has been about 45%. With a couple of years of more modest growth, they'll be right back on their historical trajectory.

[TheIronMaiden]

Originally Posted by opendoor

Sort of, but not necessarily a strong one. Inflation is due to supply/demand imbalance and money supply increases. For the former, there was pent up demand for a lot of things coming out of the more severe phase of the pandemic that even under normal supply conditions would likely spur price increases. But then when you have supply constraints (e.g. companies having trouble increasing production quickly after shuttering during the pandemic, lockdowns in China, war in Ukraine, etc.) the inflationary pressures are even greater.

The other end of it is the money supply increase, of which CERB plays a part (but not a particularly big one). Canada's M2 supply (basically total liquid money supply) has increased by about $500B since the start of the pandemic. By comparison, CERB was about $80B, so about 16% of that. And of course, CERB wasn't just money on top of what people were already earning; to a large degree it was replacing lost earnings. So to an individual, this wasn't really "new" money that would increase their spending capacity (which would drive inflation), but rather a replacement of other income sources that allowed them to continue to pay for necessities (food/rent/mortgage/etc.).

And beyond that, CERB was more or less a one-time thing. So it wouldn't explain the continued inflation we're seeing, because it would have largely already worked its way through the system. And money supply increases in general have moderated significantly, so that should remove pressure from that side of the equation. Canada's M2 increase in the last 2 years of the pandemic are on par with what we saw basically every single year in the '70s and early '80s, so as long as they don't continue that we should avoid runaway inflation. And so far they're not, as 2022 is on pace to see one of the the slowest increases in M2 in the last several decades.

Thank you!

Now that folks are paying their CERB back, will that help combat inflation?

[Azure]

Originally Posted by opendoor

$8.2B (60% increase). So it's high, but not insanely so historically. The average 5-year increase in US's M2 in the last 60 years has been about 45%. With a couple of years of more modest growth, they'll be right back on their historical trajectory.

But it does explain why Canada would have higher inflationary pressure if your biggest trading partner has a much higher than normal money supply over a 5 year period.

The issue in Canada wasn't the COVID support, but the billions in other spending that needed to be kept in line, (arguments for & against) but the US is absolutely ridiculous in the amount of money they created and pumped into the economy. Doesn't take a fancy degree in economics to realize that it'll eventually lead to a massive problem.

[CliffFletcher]

Originally Posted by opendoor

Sort of, but not necessarily a strong one. Inflation is due to supply/demand imbalance and money supply increases. For the former, there was pent up demand for a lot of things coming out of the more severe phase of the pandemic that even under normal supply conditions would likely spur price increases. But then when you have supply constraints (e.g. companies having trouble increasing production quickly after shuttering during the pandemic, lockdowns in China, war in Ukraine, etc.) the inflationary pressures are even greater.

The other end of it is the money supply increase, of which CERB plays a part (but not a particularly big one). Canada's M2 supply (basically total liquid money supply) has increased by about $500B since the start of the pandemic. By comparison, CERB was about $80B, so about 16% of that. And of course, CERB wasn't just money on top of what people were already earning; to a large degree it was replacing lost earnings. So to an individual, this wasn't really "new" money that would increase their spending capacity (which would drive inflation), but rather a replacement of other income sources that allowed them to continue to pay for necessities (food/rent/mortgage/etc.).

And beyond that, CERB was more or less a one-time thing. So it wouldn't explain the continued inflation we're seeing, because it would have largely already worked its way through the system. And money supply increases in general have moderated significantly, so that should remove pressure from that side of the equation. Canada's M2 increase in the last 2 years of the pandemic are on par with what we saw basically every single year in the '70s and early '80s, so as long as they don't continue that we should avoid runaway inflation. And so far they're not, as 2022 is on pace to see one of the the slowest increases in M2 in the last several decades.

Why do you think North America is experiencing considerably higher inflation than Europe, even though energy prices in Europe have climbed more sharply?

[Fuzz]

Well it hit Medicine Hat...

https://twitter.com/user/status/1549130518528028672


https://www.cbc.ca/news/canada/calga...-hat-1.6524346

[calgarygeologist]

Originally Posted by Fuzz

Well it hit Medicine Hat...

https://twitter.com/user/status/1549130518528028672


https://www.cbc.ca/news/canada/calga...-hat-1.6524346

Do we blame this on the Cons, Libs or NDP? Maybe best to blame it on the Greens.

[belsarius]

Originally Posted by CliffFletcher

Why do you think North America is experiencing considerably higher inflation than Europe, even though energy prices in Europe have climbed more sharply?

Why do you think North America is considerably higher than Europe.

Canada was at 7.7% in June May, the Euro area was 8.6% in June

[Fuzz]

Whoops, don't know how I missed putting that in the weather thread...Oh well, must be the fault of the unaffiliated senate caucus.

[Locke]

Originally Posted by calgarygeologist

Do we blame this on the Cons, Libs or NDP? Maybe best to blame it on the Greens.

Definitely the Greens' fault.

If they werent always so goddamned useless maybe they'd have been elected and have solved our Climate Crisis by now.

But nope. Useless.