Liberal Minority Government 2025 - ???

[ArmyRick]

I literally never did.

I really hope you're saying this in the context of "this is just what PP is like" or "this is what politics has devolved into", and not "this is actually the purpose of the opposition". Because, that is not the purpose of the His Majesty's loyal opposition.

What would you call this statement?

 

[YZT580]

You mean like exposing the waste of Arrive scam and the green slush fund?

Like telling the government to lose the damn carbon tax and low behold, they finally did it.

Like pointing out crime is on severely on the rise and now they are talking about tougher bail reforms?

Sounds like Pierre and the CPC are doing an excellent job at opposition.

it is a fine balance for the opposition though. Carney is doing a wonderful job of taking the conservative viewpoints and r-clothing them as liberal initiatives and when an election comes, especially with the current press, they will itemize all the conservative things they have done as their own. Keeping credit where credit is due will be an uphill battle for Pierre as he has to take credit without being branded an attack dog but not a leader

 

[ArmyRick]

it is a fine balance for the opposition though. Carney is doing a wonderful job of taking the conservative viewpoints and r-clothing them as liberal initiatives and when an election comes, especially with the current press, they will itemize all the conservative things they have done as their own. Keeping credit where credit is due will be an uphill battle for Pierre as he has to take credit without being branded an attack dog but not a leader

A real risk for Pierre. For sure, and even worse when Pierre invites him to steal his ideas.

However, PM MC then has the onus of doing the conservative plan well and not just implementing it half arsed, or he will look like a total fool

 

[Eaglelord17]

People learned a lot about inflation and the harm that comes from it, but I feel like there should be a public campaign teaching about deflation and how it could be much much worse.

I guess the TL;DR is inflation hits the consumer, deflation devastates the economy.

Not necessarily. The largest increase in prosperity in history was during the industrial revolution and it was a period of deflation (due to more efficient technology making things a lot quicker and a lot cheaper).

I think the people at the top like to tell us deflation is horrible because it hurts the bottomline of those with a ton of assets.

 

[Quirky]

Quick listen into QP… MC sounds absolutely brutal.

 

[Altair]

Not necessarily. The largest increase in prosperity in history was during the industrial revolution and it was a period of deflation (due to more efficient technology making things a lot quicker and a lot cheaper).

I think the people at the top like to tell us deflation is horrible because it hurts the bottomline of those with a ton of assets.

Deflation in a service based economy is nothing less than a hammer blow.

If prices are low, or are getting lower, why buy now when you can get it cheaper in a month? People quit spending. Service based industries lay off staff. Layoffs lead to less spending. Less spending leads to more layoffs.

Suddenly you have a economy heading strongly in the wrong direction and the BOC would need to cut rates dramatically to increase consumer spending.

Sure, people can get goods and services for cheap for a while, but it's going to cost them their jobs

 

[Eaglelord17]

Deflation in a service based economy is nothing less than a hammer blow.

If prices are low, or are getting lower, why buy now when you can get it cheaper in a month? People quit spending. Service based industries lay off staff. Layoffs lead to less spending. Less spending leads to more layoffs.

Suddenly you have a economy heading strongly in the wrong direction and the BOC would need to cut rates dramatically to increase consumer spending.

Sure, people can get goods and services for cheap for a while, but it's going to cost them their jobs

Alternatively people have more money to spend on goods as the cost of goods is now less.

For example our housing market is about to go through a huge deflation. This is going to lead to homes being cheaper to buy, rent should drop in cost, and people should have more money to spend on other things as they aren’t putting as much into housing. Those that are locked in at the higher costs will suffer but overall it will be for societies best.

 

[Altair]

Alternatively people have more money to spend on goods as the cost of goods is now less.

For example our housing market is about to go through a huge deflation. This is going to lead to homes being cheaper to buy, rent should drop in cost, and people should have more money to spend on other things as they aren’t putting as much into housing. Those that are locked in at the higher costs will suffer but overall it will be for societies best.

I agree.

Which is why inflation is measured against many sectors and the average inflation numbers are given.

But if all sectors are experiencing deflation at the same time, it guides peoples spending decisions.

And it's human nature for people to hold back spending now if people think they can get something cheaper later.

Apply that economy wide and the country is in deep trouble. If we were flirting with widespread deflation, at 0.3 to 0.5 inflation economy wide as Armyrick suggested, it would lead us to a deflation cycle that would make the inflation cycle look like a vacation.

 

[IKnowNothing]

For example our housing market is about to go through a huge deflation. This is going to lead to homes being cheaper to buy, rent should drop in cost, and people should have more money to spend on other things as they aren’t putting as much into housing. Those that are locked in at the higher costs will suffer but overall it will be for societies best.

I don't think we're at the bottom- but I'm skeptical about seeing anything I'd classify as "huge." 2022 didn't collapse the system, and now we're down to 2 years worth of mortgage transactions left to renew at the new rates- which have come down significantly.

 

[MilEME09]

I maintain this is an uphill battle for the CPC when facing a hostile media and info ops.

That's all a matter of perspective when you have people like Brian Lilly seemingly incapable of being critical of any conservative leader. There are plenty of voices within Post media, the sun, not to mention the less savy source like the western sentinel and rebel that are all about countering the government narrative. Alas it is all about perspective and what sources we expose our selves to.