Does Anyone Believe The Official Inflation Numbers?
(spencerfernando.com)
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The stock market is only doing well because every other place to store money has basically zero return. A high interest savings account at RBC is 0.05%. A basic 1 year non redeemable GIC is 0.15%.
Food is getting out of hand. 6 hamburger buns was 3.49 today. A litre of milk is over 2 now.
Everyone is feeling it but everyone is in denial about it.
And housing is out of control as it is the only area where the government can influence demand on a massive scale. Bringing in more buyers then new housing is built.
I’m kind of looking of buying right now. I have what I thought I would need when I set my goal last year, but this year it’s looking like I need another year of savings.
With the way things are going a large yard where I can grow vegetables is looking to be necessary.