Why the Great Labor Arbitrage is Coming to an End…
Needless to say, with Chinese wages and costs rising rapidly and the arbitrage gap nearly closed, there is not a snowball’s chance in the hot place that the black line in the chart above will take another 40% dump lower. Not in a million years.
And that means, in turn, that the yawning gap in the above chart between goods deflation and services inflation will not recur. As it happens, the underlying services inflation is still in the +5% Y/Y range and will dominate the topline price level going forward far more heavily than it did during the aberrant era of 40% durables deflation.
Accordingly, the "lowflation" excuse for money printing is now deader than a doornail.
The fact is inflation isn’t and won’t be contained even at the Fed’s specious 2.00% target. And the last two decades have proved beyond a shadow of a doubt that aggressive money printing does not spur domestic investment and productivity, and therefore overall economic growth either.
https://internationalman.com/articles/david-stockman-on-why-the-great-labor-arbitrage-is-coming-to-an-end/
Here Here!!
OPEN LETTER: To the Prime Minister of the "New World Order"
TO: The Right Honourable Mark Carney, Prime Minister of Canada
FROM: Jennifer Elizabeth Telfer
I. The Banker in the PMO
You have famously stated on camera, "I'm a banker, not a career politician." That much is evident. Your leadership has treated Canada not as a sovereign nation of citizens, but as a balance sheet to be "optimized" for global investors. You are a technician for a vision that seeks to dismantle national independence in favor of the "variable geometry" of global power you promoted at Davos 2026.
II. The Death of the Trades & The "Build Canada" Scam
As someone who has worked in the trades for over 15 years, I see the "holes" in your Build Communities Strong Fund. You talk about "supercharging" homebuilding, but your policies are crushing the people who actually do the work:
The Productivity Trap: You demand 500,000 homes a year while your "hidden" fuel taxes and inflation make it impossible for ...
Someone finally put the truth in print in a Red Deer obituary. She was 71.
" Six years ago. Val’s health began to be compromised. She battled every day to reverse the vaccine injury after long battle in excruciating pain."
