It has to be satire.

I wouldn’t undercut yourself so much - they have more experience but every situation is different. Inflation in July was largely due to increased mortgage payments (2.4% if you exclude mortgage increases from rate increases). So when the only knob they have can also cause a bigger issue, it’s fair to criticize that they are just going with the flow and praying. If you jump from 0.25 to 5 in such a short time frame, you just worsened inflation on mortgages while improving everything else to the point where it might all cancel out.

They are absolutely flying by the seat of their pants and throwing the average worker under the bus.

Interest rates don’t unilaterally fix inflation though, which the BoC is either too stupid to admit or too reckless to care.

Raising interest rates won’t fix inflation driven by gas prices.

You’re not entirely wrong on productive assets, but what are they? Stocks? Progress has basically all but stalled in most areas. The new trend is rent-seeking and the market is totally stuck sideways. There is nowhere for money to grow and nowhere to hedge it against inflation. Cryptocurrency is even performing poorly. At least property entitles you to a real thing - land. I’m way more keen on stocks but they’re performing like shit.

Yeah, this seems low. Unless almost nobody has mortgage debt. Because, surprise, most can’t get into the market. So that would be pure student loans and credit card.

The banks have shockingly bad technology and staffing these days, so I’m halfway between thinking the numbers are doctored, or they just have no idea how to pull the data.

They seem hell-bent on tearing us down at this rate and it’s becoming very hard to not take it personally. Not sure what the endgame is, but I really don’t care what happens to the older generations at this point. I’m very fortunate to have had pretty well paying jobs overall and saved like an absolute mother fucker and eventually got a small ass condo in a desirable area - I’m renewing my mortgage and I have to put down $50K to just keep the same monthly payment. But I won’t give them any more interest than I have to - they can get fucked.

Then they felt it necessary to lay a bunch of us off on top of it to add insult to injury.

To anyone else with less, I seriously don’t know how you put up with this shit. I can barely stand it with what I have - it’s still a far cry from where we want to be.