I have no issue with anyone complaining about the times being what they are. As in other jobs, services, etc, the options are usually the same - reduce prices and/or dip into savings from the good times to ride out the bad times. One thing I usually see in my various industries is offering discounts or promotions to regulars who are probably just 20% of your clients but make up 80% of the business. Regulars who have cut back can probably be enticed to spend more with some version of buy 3 get 1 free, or maybe some extra time added on no charge. You don't have to adjust the posted rates that the world sees but let the regulars know this is a limited time option. The good clients will appreciate and remember this and then maybe when they get a raise or their investments take off they will be happy to repay the goodwill. I remember during COVID lockdowns reading stories on here of some guys keeping their favourites afloat with regular payments to be cashed in later when in person was allowed again. Tit for tat as it were.
Sex Workers Complain 'Sales' Are Down as Inflation Pounds Economy
- Thread starter Lenny59
- Start date
Times are tough because we have a PM that is clueless on how to run an economy
I'll only disagree with your statement because the tough times we're all experiencing are world wide and not exclusive to Canada and not caused by the PM. Maybe some of his policies are contributing factors but he's not causing the hard times...and not a supporter of the PM either.
Everyone's bitching about making ends meet and it's only because we've been riding an economic gravy train for years and no one expected it to end. Then inflation hit and if no one's ever lived through this type of inflation - and most haven't - it's a wake up call. What's happening isn't a political issue but an economic one that's being felt world wide.
LTO_3
Western governments, including our Liberal government, were complacent and irresponsible. The fact that MANY governments made the same mistake, doesn't let our own government off the hook.
I said the same about the Bank of Canada and their being about a year late to the punch in raising interest rates. I have less exposure to markets than the Bank of Canada should, and yet I could see the first view of inflation coming in late 2020, with it becoming assured in summer 2021. The combination of supply disruption, labor shortages, and financial aid created a perfect storm for inflation. And yet it still took the BoC an another 9 months to start combating it. Why? Because everyone else was walking in lockstep thinking the good times would never end.
The same is true of most Western governments. So superior in their thinking, smug in their confidence that the good times would keep on rolling. Of course it's a political issue. It's just more widespread than Canada.
100% accurate.
I saw the inflation coming as well around the same time you did and made adjustments accordingly.
This excuse the Liberals love to use of it being a "global problem" is definitely due to lockstep of the G7 and beyond.
Times are relatively bette here than most peer countries. Which country do you think has it over us?
I blame it more on the mostly conservative premiers who have been running the country in that time. They are responsible for education, housing, health which are all in crisis. The profiteering private sector is equally culpable.
Yes 100%.So this too is Trudeau's fault?
Covid is and was 99.5% survivable and therefore no need to close the borders, destroy the economy, lock people up, close small business in favour of big business, and most of all no need to print billions of dollars and devalue the currency causing rampant inflation.
Wrong on most counts and no one had any idea how bad it could get when it started and people were dying like crazy so shutting things down was the smart play. That didn't cause inflation. Government spending simp,y replaced the private spending that would have happened anyways. We did the same thing after 2008 on a smaller scale and inflation never budged. Inflation was all driven by supply issues such as shutting down factories, then restarting the economy which saw oil triple in price, plus the war in Ukraine and sanctions sending prices higher. Since the supply shock has been unwound inflation is back to normal even with high federal AND provincial deficits. One third of the last year's inflation is solely because the bank of Canada raised interest rates, not because of them printing money. Economics 101
You're living in the Matrix and don't even know it LOL. Still got your mask on?
You may want to loosen the tinfoil hat. It's cutting off you're brain's oxygen supply. I notice no actual contrary arguments. Must be nice to just invent reality on the flyYou're living in the Matrix and don't even know it LOL. Still got your mask on?
One thing everyone forgets, or doesn't recognize, is that after inflation has gone up and settled back down, prices do not go back to previous levels. If prices decreased, that would be negative inflation, or deflation. So, inflation is good again yet everyone is still screwed by (stable) higher prices.
