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http://www.stockhouse.com/news/market-updates/2017/04/21/stockhouse-@-bell-more-fraudulent-inflation-data-from-statistics-canada
"Ultra-low interest rates – frozen there permanently by reckless central banks – are destroying Western economies. Housing bubbles, stock market bubbles, and other asset bubbles are direct and inevitable consequences of having interest rates too-low for too long. Meanwhile, everyone on fixed incomes (meaning all senior citizens, people on disabilities, etc.) are getting financially crucified.
Why are interest rates never raised? The main reason, we're told, is because “inflation is too low.”
Inflation can never be too low – only too high.
Inflation is not “too low.”
Supposedly, Canada's “inflation rate” is currently at a rate of 1.6%. This is absurd. Today, the Financial Post reported home prices increasing in the GTA at an annual rate of 67%. Does no one in the Greater Toronto Area live in homes? If they do, their “inflation rate” is obviously some double-digit number, and nowhere near 1.6%.
Real inflation in Canada is a double-digit number for most people. Meanwhile, people on fixed incomes who supposedly have a “cost of living adjustment” are getting nothing because Statistics Canada continues to fraudulently maintain there is virtually no inflation in the Canadian economy.
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