This translation has been automatically generated and has not been verified for accuracy.The economy is being held together with financial duct tape right now, but people are starting to worry about inflation.
A more likely outcome is a slow recovery where inflation remains subdued. Think of how modestly the economy has performed over the past decade, and then dial back growth a little further.Inflation is largely unknown to anyone who wasn’t an adult during the 1980s and early 1990s. The inflation rate hit low double digits in the early 1980s and then topped 6 per cent in the early 1990s. Since 1995, the inflation rate has averaged 1.8 per cent.
Demographics help explain slower growth both in the past decade and the one ahead. Aging populations aren’t as economic productive, and that keeps a lid on both economic growth and inflation. In the pandemic, we have other factors working against inflation as well.
globeinvestor It only impoverishes people on fixed incomes, like seniors, no big deal.
globeinvestor Why not ask someone who lived through inflation?
globeinvestor ?
globeinvestor Everyone's chief concern at this point should be the prospective tax enema we are all going to get to pay for these handouts, making an uncompetitive tax regime even worse.
globeinvestor Ok, I guess.
globeinvestor You are obviously not on a fixed income. Nor are your stats on the cost of food correct - in fact, you have none. The price of food has been going up. Check out the facts.
globeinvestor
globeinvestor I lived thru the 19% Chretien interest rates on my mortgage. Wisdom only comes with old age it seems. I worry because I see a repeat. Thank God my mortgage is paid this time around
globeinvestor Nothing to worry about 🕺
globeinvestor stop? The government is pumping in money but production is way down.
globeinvestor Sure, 28 nations (some are dupes, sue me) have failed so far as a result of inflation, but it won't happen this time
globeinvestor No, it sounds scary.