Exploding interest costs have been driving inflation for quite some time, which has been in the target range for several months when excluding interest costs, and has setup an interesting feedback loop.
Debt shrinks in a high inflationary environment, thus making it more attractive to take on more debt; an increase in demand. The supply or loans can't keep up with that demand, so rates (the price of debt) start to rise in kind to serve as a counterbalance to keep the supply and demand in equilibrium.
But in this environment, higher rates are what is pushing inflation higher. The higher the interest rates, the higher inflation goes, so demand isn't scared off by a higher price. 1980s-style 20% loans might be a scary looking enough number even if inflation follows to see some second guessing, but until then...
Oh to be a fly on the wall at BoC offices right now.
But not concerning as most foods are purchased on futures contracts, and you are still reeling in the record high prices seen last year. The farm gate price continues to tumble. There is inherit lag, but the grocer price will crash in six months to a year from now as those old contracts expire.
And the good news is that inflation is only 2.4%, excluding mortgage costs. That is comfortably in the target range. The only reason mortgage costs are going insane is because the BoC keeps raising interest rates; the easiest thing to correct.
Have you already written a proposal ready for submission to your clerical government employee you hired a few years ago exactly to have someone to submit such things to in order get things in motion?
Or is this need like when someone says they need a private jet, but then quickly scurry away because they don't want to put in the work it takes to actually acquire one?
Why does it always have to be the consumer’s job to watch out for this crap?
It doesn't have to be. You are quite welcome to hire a professional to take over the task.
We shouldn’t let these companies have all the power to mess with our bodies on a whim without warning.
Likewise, you don't have to hire a professional to grow and prepare your meals for you. It is not that hard to do yourself.
Consumer protection really needs to be more robust.
Fair enough, but one thing you cannot hire away is democracy. If you really want this you need to put your boots to the ground to ensure it happens. It won't magically happen.
What vetting mechanisms do you use to ensure that you are talking to people? It is certain that LLMs are being used on here as some of the accounts are explicit that they are LLMs – but being explicit about that is not a requirement. It would be pretty silly to come here to talk to people and then unknowingly end up talking to an LLM.
I don't think it matters, though. I'm not here for people, I am here to use the software, which can be implemented however its developers see fit. How it is implemented is not relevant to me, only those who deliver the software.
and to have my ideas and ideals challenged
Yes, that is a prime example. Writing notes to a piece of software so that it can feedback new information to further your understand of a topic is a solitary activity. Nobody else cares one bit about what you think. It is done for personal benefit, not for the benefit of a group. If there are humans pulling the knobs and levers behind that scenes to make that software work ,so be it, but that is but an implementation detail.
I suspect you are using that word to mean something it doesn’t.
Langauge is fluid. Words can mean whatever you want them to mean. And since I am alone, I don't even have to worry about a shared understanding.
only the truly stupid can engage like you have
Makes sense. Even if we assume all the accounts here are truly backed by real people and that they are engaging with each other as if it were real social setting – the fact remains that they are anonymous strangers who mean nothing to the world. Of what value would someone with intellect find in speaking to literal nobodies? Smart people have access to talk to other smart, notable people of interest who are proud of their identity and accepting of relationships around that identity. What would draw them here?
Everything will eventually cause health issues. Some substances are quicker to the punch than others, though. To avoid label fatigue, there is merit in limiting use to the worst offenders.
It has only been in the last few years that we are starting recognizing a greater danger in alcohol than earlier realized. And, indeed, Health Canada labelling requirements for alcohol have become more stringent in that time. As we learn more, it is likely the labelling requirements will continue to evolve as well.
It is likely that they are people, but that is, again, just an implementation detail. One does not come to Lemmy – or the Fediverse in general – to engage with people, they come to write their own thoughts for themselves as a solitary activity. When one seeks to engage with people, they go to where people are found, not where there are anonymous usernames that might be people, but who knows, or cares?
We never started. My alone time has always been just me.
It is possible that the software requires more than one participant to function, or perhaps it uses an LLM under the hood (more likely given how frequently hallucinations seem to occur), or who knows what else – there is really no indication of how it works at that level, nor would it matter. The specific implementation details are beyond the user's concern. It is quite true that the tool is a micro-journaling platform which provides additional prompts to spark one's imagination for additional entires into the diary. And being a micro-journaling platform, it is designed around solitary use.
But fail to actually explain what tax Canada currently has in place that results in owners of multiple homes being taxed more based on how many homes they own.
I would not explain that as we have no such tax of that shape, nor has the conversation ever been about such a tax. Your logical fallacy is ill-conceived.
Other commenters have specifically named the taxes we do have. I'm not sure stealing their thunder adds anything. Did you somehow forget to read all the comments before you thought flailing around like one of those whacky blow up men things you find at the used car lot was a good idea?
I assume nothing about you, nor do I give you any thought at all. A solitary activity has no reason to pay mind to anyone who may be peering through the bushes. My alone time is for me and me alone. Comments are written for my entertainment, not for anyone else's.
If the metaphorical creeper behind the bush gets a rise out of something he saw as I take in some alone time, good for him, I guess? I don't know. I have no reason to pay attention to him or his motives. He too is doing his own solitary thing, and it is up to him to figure out how to enjoy his own alone time. If that's what moves him, cool. Whatever floats one's boat. It has nothing to do with me.
I have no fucking clue what you just think you said.
I know. That's what makes it is so funny.
Just please, don’t bore me.
It is up to you to ensure you are enjoying your alone time. Have you considered a social activity with other humans if the solitude of writing messages to a computer program is no longer doing it for you?
It seems to me that increasing supply alone is not going to cut it.
Well obviously you also need to increase demand. Without that, most Canadians will remain out of the market. The hope is that more home options will encourage increased demand.
“point of order, what xyz said yesterday was a lie and here is the proof”
And how do you establish that is not a lie? Proof that a statement was false does not prove that the falsehood was stated intentionally. The person may have simply been misinformed, misspoke, or otherwise didn't know any better, in which case it would not be a lie.
Exploding interest costs have been driving inflation for quite some time, which has been in the target range for several months when excluding interest costs, and has setup an interesting feedback loop.
Debt shrinks in a high inflationary environment, thus making it more attractive to take on more debt; an increase in demand. The supply or loans can't keep up with that demand, so rates (the price of debt) start to rise in kind to serve as a counterbalance to keep the supply and demand in equilibrium.
But in this environment, higher rates are what is pushing inflation higher. The higher the interest rates, the higher inflation goes, so demand isn't scared off by a higher price. 1980s-style 20% loans might be a scary looking enough number even if inflation follows to see some second guessing, but until then...
Oh to be a fly on the wall at BoC offices right now.