Tariffs increase costs due to supply, while interest rates influence demand. When tariffs are imposed, the cost of imported goods rise, increasing prices for consumers and businesses. This cannot be offset by lowering interest rates, as rate cuts stimulate borrowing and investment rather than addressing price increases caused by trade barriers. In fact, lower interest rates can exacerbate the problem by weakening the currency, making imports even more expensive, further fueling inflation. https://www.armstrongeconomics.com/armstrongeconomics101/economics/reducing-rates-to-offset-tariffs/

The city of Springfield, Ohio - population 60,000, has been overwhelmed by roughly 20,000 Haitian illegal migrants, who flocked to the city - exacerbating a 'significant housing crisis' according to city officials, and eating pets and wildlife according to locals. https://www.zerohedge.com/political/cant-take-it-anymore-residents-springfield-ohio-beg-help-after-20000-haitians-overwhelm

According to some “experts,” there is an urgent need to remove cash from the economy. It is held that cash provides support to the “shadow economy” and permits tax evasion. Another justification for its removal is that, in times of economic shocks, which push the economy into a recession, the run for cash exacerbates the downturn—it becomes a factor contributing to economic instability. Moreover, it is argued that, in the modern world, most transactions can be settled by means of electronic funds transfer. Money in the modern world is allegedly an abstraction. https://www.activistpost.com/2024/09/the-regimes-war-on-cash-could-destroy-the-economy.html

British Columbia and Ontario appear to be the provinces where builders are less optimistic about the prospects of building, the problem is further exacerbated by the fact that the two also represent the majority of new starts for this year. https://tnc.news/2024/08/26/builders-taking-fewer-projects/

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(Kitco News) – Recession fears have spiked in recent weeks amid deteriorating economic conditions and persistently high inflation, and for Canadians, the pinch in the pocketbook is only exacerbated by high taxes, with one report showing that in 2023, the average Canadian household spent 43% of its income on taxes alone. https://www.kitco.com/news/article/2024-08-09/canadians-spend-43-income-taxes-more-food-housing-and-clothing-combined

Canada's pharmaceutical drug reaction problem exacerbated by COVID-19 products https://youtu.be/9NZPIhUdWx8?si=IDsj_T2eA2bdNhre

The Fed, then, is a progressive blind spot for two reasons: (1) it enables the government to give big corporations what they want, and (2) it exacerbates the very economic inequality progressives claim they hate. If the progressive left really wanted to curtail corporate influence over politics, ending the Fed would starve the corporate lobbyists out. No corporation would spend millions of dollars lobbying for a subsidy or government contract that the government couldn’t afford. If you don’t like evil corporations eating at the government trough, then take away the trough. https://www.zerohedge.com/political/robert-reichs-blind-spots-elephant-progressive-lefts-room

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