RE:RE:RE:RE:RE:It's different this time What inflation number are you looking at?
headline or core?
Remove the volatile components that represent inflation and you will find that it's still hovering around 4-5% on a forward basis. If gasoline/energy inches higher by years end then it gets a lot stickier than what mainstream media has you believe.
The base effect is what explains why Canada's inflation bottomed in June as I correctly predicted months earlier. The next time inflation bottoms is when the economy experiences a recession which will be the final nail in the coffin. I expect that at some point next year, the word deflation will be the new hot word and source of discussion on these boards.