[Newsbot]

Title: Central bankers play down soaring cost of living
Category: Economics
Posted By: DrCaleb
Date: 2021-06-17 06:24:02
Canadian

[Scape]

And if you believe that...

[Thanos]

"But if prices don't go up then I won't collect enough money on kickbacks to be able to afford to keep my trophy sluts or buy all that cocaine every week!" - every banker everywhere.

[CDN_PATRIOT]

Yet another reason to hate bankers, AND the rich.

-J.

[xerxes]

This forecast brought to you by the people actually able to afford to live comfortably in Vancouver and Toronto and afford a house there.

Even if inflation rates go down, wages haven't been in sync with reality for a long time and that's the core issue IMO. Everything is costing more from gas, to housing, to insurance, to groceries and yet wages are flat. I got a $0.50 raise this year. That's peanuts compared to how my home insurance went up by a few hundred this year because my condo's insurance has doubled in two years.

This is unsustainable for the economy.