• “We did have one pop up in the previous quarter, but that was a pretty minor thing,” said Poloz. “And the only good news, if I caught that, is government spending. That’s not the sort of thing to build your recovery on.” Poloz said the Canadian consumer has suffered a 30 per cent increase in the cost of living following the recent inflationary period, which has reduced spending. Additionally, inflation has fallen faster than was predicted, which Poloz argues only happens during a recession.
    https://financialpost.com/news/economy/bank-of-canada-stephen-poloz-says-recession
    “We did have one pop up in the previous quarter, but that was a pretty minor thing,” said Poloz. “And the only good news, if I caught that, is government spending. That’s not the sort of thing to build your recovery on.” Poloz said the Canadian consumer has suffered a 30 per cent increase in the cost of living following the recent inflationary period, which has reduced spending. Additionally, inflation has fallen faster than was predicted, which Poloz argues only happens during a recession. https://financialpost.com/news/economy/bank-of-canada-stephen-poloz-says-recession
    FINANCIALPOST.COM
    'We're in a recession,' says former Bank of Canada governor Stephen Poloz
    Former Bank of Canada governor Stephen Poloz says economy's weakness has been masked by strong population growth. Read more
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  • Business leaders tend to be relatively optimistic compared to the population as a whole, and so these results kind of surprised me. Of course to many of us living in the United States, economic conditions are already so bad that it feels like a recession has already begun… In August, roughly 60% of Americans said they believed the U.S. was in a recession, according to a survey from Affirm. Further, in October, more than half of Americans said they were worse off than they were four years ago, according to a Gallup poll.
    https://activistpost.com/2024/12/wef-survey-shows-that-business-leaders-are-deeply-concerned-that-a-global-recession-is-coming.html
    Business leaders tend to be relatively optimistic compared to the population as a whole, and so these results kind of surprised me. Of course to many of us living in the United States, economic conditions are already so bad that it feels like a recession has already begun… In August, roughly 60% of Americans said they believed the U.S. was in a recession, according to a survey from Affirm. Further, in October, more than half of Americans said they were worse off than they were four years ago, according to a Gallup poll. https://activistpost.com/2024/12/wef-survey-shows-that-business-leaders-are-deeply-concerned-that-a-global-recession-is-coming.html
    ACTIVISTPOST.COM
    WEF Survey Shows That Business Leaders Are Deeply Concerned That A Global Recession Is Coming - Activist Post
    Of course to many of us living in the United States, economic conditions are already so bad that it feels like a recession has already begun…
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  • This is the Patten also in Canada its all the same, The size of government in the economy increases both during and after a recession. Taxes constantly rise, but debt rises faster. Upside-down economics. The Biden-Harris administration has followed exactly the policies of the Greek, Spanish, and French socialists into an election year prior to their countries’ crises. The strategy involves inflating the GDP through excessive government spending, creating an uncontrollable deficit during a period of economic recovery, and masking employment through government jobs financed by increased debt. In the process, the printing of money results in the highest inflation in decades.
    https://activistpost.com/2024/11/how-do-you-create-a-recession.html
    This is the Patten also in Canada its all the same, The size of government in the economy increases both during and after a recession. Taxes constantly rise, but debt rises faster. Upside-down economics. The Biden-Harris administration has followed exactly the policies of the Greek, Spanish, and French socialists into an election year prior to their countries’ crises. The strategy involves inflating the GDP through excessive government spending, creating an uncontrollable deficit during a period of economic recovery, and masking employment through government jobs financed by increased debt. In the process, the printing of money results in the highest inflation in decades. https://activistpost.com/2024/11/how-do-you-create-a-recession.html
    ACTIVISTPOST.COM
    How Do You Create A Recession? - Activist Post
    The size of government in the economy increases both during and after a recession. Taxes constantly rise, but debt rises faster.
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  • The second largest primary growth sector was the public sector, which has become a fixture on this list. Public sector GDP grew 0.3% in July, marking the 7th consecutive advance. Stat Can notes the biggest driver within the sector was public administration, in particular those for local, municipal, and regional governments
    https://betterdwelling.com/canadian-gdp-has-never-contracted-like-this-outside-of-a-recession/
    The second largest primary growth sector was the public sector, which has become a fixture on this list. Public sector GDP grew 0.3% in July, marking the 7th consecutive advance. Stat Can notes the biggest driver within the sector was public administration, in particular those for local, municipal, and regional governments https://betterdwelling.com/canadian-gdp-has-never-contracted-like-this-outside-of-a-recession/
    BETTERDWELLING.COM
    Canadian GDP Has Never Contracted Like This Outside Of A Recession - Better Dwelling
    Canada’s economic output is stronger than expected but far from impressive. Statistics Canada (Stat Can) real Gross Domestic Product (GDP) grew in July, following up a flat month. Any positive expectations are cooled by the details, revealing a few only-in-recession data points. That includes government stimulus in the form of public sector expansion being one […]
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  • The Canadian economy is falling further behind population growth, even as the population slows. Real GDP grew 0.2% in July beating expectations but failing to match population growth. National Bank of Canada warns per-capita GDP has seen a cumulative decline of 3.9% since 2022. That makes this the sharpest non-recession erosion of economic output.
    https://betterdwelling.com/this-weeks-top-stories-canadian-real-estate-investors-undeterred-gdps-recession-like-plunge/
    The Canadian economy is falling further behind population growth, even as the population slows. Real GDP grew 0.2% in July beating expectations but failing to match population growth. National Bank of Canada warns per-capita GDP has seen a cumulative decline of 3.9% since 2022. That makes this the sharpest non-recession erosion of economic output. https://betterdwelling.com/this-weeks-top-stories-canadian-real-estate-investors-undeterred-gdps-recession-like-plunge/
    BETTERDWELLING.COM
    This Week's Top Stories: Canadian Real Estate Investors Undeterred, & GDP's Recession-Like Plunge - Better Dwelling
    Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Real Estate Flippers Are Still Near Record Levels The death of the Canadian real estate flippers has been greatly exaggerated. Bank of Canada (BoC) data shows 2.5% of homes sold in Q2 2024 were purchased within the past 12 months—only seeing […]
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  • A new research note from BMO Capital Markets warns that young adults are facing the “gruesome twosome”—soaring unemployment and unaffordable housing. The combination has created an environment on par with the country’s worst recessions. Canadian unemployment is rising at an unusually rapid pace—but almost exclusively for young adults. The youth (15-24 years old) unemployment rate has climbed to 14.5% in August. Outside of the recent pandemic, this is the highest level in over a decade.
    https://betterdwelling.com/canadian-young-adults-face-soaring-unemployment-unaffordable-housing-bmo/
    A new research note from BMO Capital Markets warns that young adults are facing the “gruesome twosome”—soaring unemployment and unaffordable housing. The combination has created an environment on par with the country’s worst recessions. Canadian unemployment is rising at an unusually rapid pace—but almost exclusively for young adults. The youth (15-24 years old) unemployment rate has climbed to 14.5% in August. Outside of the recent pandemic, this is the highest level in over a decade. https://betterdwelling.com/canadian-young-adults-face-soaring-unemployment-unaffordable-housing-bmo/
    BETTERDWELLING.COM
    Canadian Young Adults Face Soaring Unemployment & Unaffordable Housing: BMO - Better Dwelling
    Dark clouds are forming over Canada’s economy, but most households are blissfully unaware… for now. A new research note from BMO Capital Markets warns that young adults are facing the “gruesome twosome”—soaring unemployment and unaffordable housing. The combination has created an environment on par with the country’s worst recessions. It’s an issue largely slipping under […]
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  • It takes time for rate cuts to work, but time has expired. It’s too late for cuts to save the economy. So Trump should welcome a half-point cut (privately). A half-point cut is all but admission that a recession has started. It may even spook the market, further helping Trump.
    BLS Negative Job Revisions 15 of Last 21 Months, For further economic discussion, please see BLS Negative Job Revisions 15 of Last 21 Months. I recap a slew of indicators all screaming one thing: Recession.
    https://www.zerohedge.com/political/if-fed-cuts-rates-half-point-should-trump-complain-rejoice-neither-or-both
    It takes time for rate cuts to work, but time has expired. It’s too late for cuts to save the economy. So Trump should welcome a half-point cut (privately). A half-point cut is all but admission that a recession has started. It may even spook the market, further helping Trump. BLS Negative Job Revisions 15 of Last 21 Months, For further economic discussion, please see BLS Negative Job Revisions 15 of Last 21 Months. I recap a slew of indicators all screaming one thing: Recession. https://www.zerohedge.com/political/if-fed-cuts-rates-half-point-should-trump-complain-rejoice-neither-or-both
    0 Comments 0 Shares 161 Views 0 Reviews
  • 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
    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
    WWW.ACTIVISTPOST.COM
    The Regime’s War on Cash Could Destroy the Economy - Activist Post
    Any attempt to remove cash—money—implies the abolition of the market-selected medium of exchange and, ultimately, the market economy.
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  • Canada’s economy grew faster than expected but still showed recession-like behavior. Annualized real GDP growth came in at 2.1% for Q2 2024, much higher than market expectations. However, the details were less flattering with government spending making up 80% of the quarter’s growth. The growth rate is also advancing slower than the population, resulting in the 7th quarterly decline for per-capita GDP in the past 2-years. Canada may not technically be experiencing a recession, but it’s acting like it’s smack in the middle of one.
    https://betterdwelling.com/this-weeks-top-stories-canada-slows-population-growth-toronto-new-home-demand-tanks/
    Canada’s economy grew faster than expected but still showed recession-like behavior. Annualized real GDP growth came in at 2.1% for Q2 2024, much higher than market expectations. However, the details were less flattering with government spending making up 80% of the quarter’s growth. The growth rate is also advancing slower than the population, resulting in the 7th quarterly decline for per-capita GDP in the past 2-years. Canada may not technically be experiencing a recession, but it’s acting like it’s smack in the middle of one. https://betterdwelling.com/this-weeks-top-stories-canada-slows-population-growth-toronto-new-home-demand-tanks/
    BETTERDWELLING.COM
    This Week's Top Stories: Canada Slows Population Growth, & Toronto New Home Demand Tanks - Better Dwelling
    Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Government Spending Now 80% of GDP Growth Canada’s economy grew faster than expected but still showed recession-like behavior. Annualized real GDP growth came in at 2.1% for Q2 2024, much higher than market expectations. However, the details were less flattering with […]
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  • Martin Armstrong says, “We are in a period of great uncertainty. . .. When people are uncertain, they don’t spend. They save. That’s what happens in a depression and a recession..."
    https://www.zerohedge.com/political/were-looking-serious-civil-unrest-regardless-who-wins-martin-armstrong-fears-post
    Martin Armstrong says, “We are in a period of great uncertainty. . .. When people are uncertain, they don’t spend. They save. That’s what happens in a depression and a recession..." https://www.zerohedge.com/political/were-looking-serious-civil-unrest-regardless-who-wins-martin-armstrong-fears-post
    WWW.ZEROHEDGE.COM
    "We're Looking At Serious Civil Unrest Regardless Who Wins" - Martin Armstrong Fears Post-Election Chaos
    “Look, the computer says Trump should win. I don’t know how the hell they allow that to happen.."
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