Comments on: Canada’s Rising Unemployment Is A “Foolproof” Recession Signal: BMO

By: Oldie

Oldie — Wed, 12 Jul 2023 00:37:24 +0000

Well when more people will start losing their jobs, those who are paying high rent won’t be able to afford their rent anymore, which in turn can’t pay the investors who have several investment properties who still have mortgages with rising rates. The number of investors provided are skewed, I believe its much much higher. Then you know what happens..I don’t need to spell it out for you. And that folks is what you call Risk 😉

By: Barb

Barb — Tue, 11 Jul 2023 21:35:35 +0000

Toronto REITs still demand $2,500 a month for a 1 bedroom apartment though. It’s a bad situation because in 2008, rents were going down, but today, rents are creeping up higher and higher despite the job losses.

By: David T

David T — Tue, 11 Jul 2023 19:17:01 +0000

This isn’t a typical recession at the end of a typical business cycle. This is the end of a long term debt cycle and a crack up boom. But which business cycle do you refer…. the 2020 lockdown economy (curtailed supply) massive stimulus (orchestrated demand) = econ 101 recipe for rapid inflation. So if this is part 1 of the business cycle you speak of the economy did not grow resulting in real “earned” income growth resulting in sustainable demand and prices fundamentally supported by the underlying economy. It merely was unsustainably inflated by design by policy. Act 2 to this “orchestrated business cycle” will see the recession the world was already heading to come Sept 2019. Except now it will be far worse…. because of a genga of crises, credit, liquidity, debt….. far worse because the central banks are pile driving the economy into the ground to get rid of the inflation they created/ along with the fiscal debt. To solve for this will be…. more stimulus!! and inflation will climb higher than before…. by design to reduce debt/GDP ratios by collecting more tax from the orchestrated higher prices. This is the policy. Its nothing new. 3 spikes to M2 in 1933-1946 and in the 70’s all followed by spikes in inflation. 2020-2022 was spike 1. Following the next round of stimulus will be spike 2 and stagflation. Now where in here is the business cycle? There are no free markets or real price discovery…. only the whims of central banks pushing prices up and down. Thats not business cycle. Its communism.

By: KHURRAM JAMIL BUTT

KHURRAM JAMIL BUTT — Tue, 11 Jul 2023 16:36:43 +0000

I just love how economists use the word “unemployment” – the state in which people able and willing to work can’t find work – but also love how they then take the sting out of it by converting it into a percentage.
EACH unemployed person is a breadwinner not able to feed his family anymore, not able to provide shelter, not able to pay for school/college for his kids.
EACH one.
If this is the best the so-called experts in a socialist economy could come up with, they all need to be stripped of their PhDs and fat-cat salaries, and asked to live for just a month on Employment Insurance. They’ll be tripping over themselves to rethink their economic models.
There is no such thing as an “acceptable level of unemployment”. Only for the chart geeks; for the actually unemployed, no level is acceptable.