@Hapankaali@lemmy.world
member since 17 Sep 2023 17:08
comments
- on Trump working on deal to buy potash from Belarus for lower price than Canada in c/europe@feddit.org · 3d ago
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on DSP clears Wolverine's motorcycle section without player input in c/games@lemmy.world · 5d ago
“Waiter, there’s a huge turd in my soup.”
-“So what? Enough tasty soups out there.”
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on Far-right leader Wilders calls for “Nexit” and U.S.-style ICE for mass deportation in c/europe@feddit.org · 6d ago
In fact, Wilders’ own election manifesto calls for his deportation: it urges the ethnic cleansing of those with a non-western migration background. This includes Wilders, whose mother was from Indonesia.
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on German GDP growth revised upwards, defying Iran war turmoil in c/europe@feddit.org · 27 Aug 2026
People who own real estate are automatically hedged against housing inflation since their property increases in value.
What they choose to do with that increase in value is up to them.
And please do not airquote affordability crisis because our homeless population has doubled in the last 3-4 years. It’s now over 15K in Toronto alone.
Somehow I doubt any increase in the homeless population is due to home-owners not being able to afford their housing.
Fixing homelessness is trivial and, once again, a fiscal problem and not a monetary one.
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on German GDP growth revised upwards, defying Iran war turmoil in c/europe@feddit.org · 26 Aug 2026
Housing is part of the CPI in Canada, not sure where you got the idea that it isn’t.
Insofar as there is an “affordability crisis” in Canada, its cause is fiscal, not monetary.
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on German GDP growth revised upwards, defying Iran war turmoil in c/europe@feddit.org · 26 Aug 2026
I didn’t say it was “so far” disconnected. As a major component of the CPI, housing inflation substantially influences the total inflation figure.
That said, there’s nothing stopping you from looking up inflation figures for housing specifically if you think those figures are more informative. Those figures are tracked and published, and you can find them with a modicum of detective work. However, that won’t tell you what the overall inflation figure tells you, i.e., the depreciation of money.
Keep in mind though that even this figure might not correspond to your personal experience, as it’s a figure for Canada as a whole, and not specifically for any particular rapidly growing urban centre.
The problem with the housing market (not just in Canada) is that there is a lot of upwards pressure on prices from 9%-ers who can easily afford anything. This is a taxation, not inflation problem.
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on German GDP growth revised upwards, defying Iran war turmoil in c/europe@feddit.org · 26 Aug 2026
Well okay, if the inflation is X it doesn’t mean that every single commodity became X more expensive. It’s an average.
Real estate typically appreciates at a rate higher than inflation, partially because land is finite, and partially because taxes haven’t increased at the rate productivity has (so there is more money available to spend on housing).
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on German GDP growth revised upwards, defying Iran war turmoil in c/europe@feddit.org · 26 Aug 2026
Good enough for what? The official inflation numbers say prices have doubled in the past 30 years or so, which fits decently with my subjective assessment. Any small discrepancies between the “true” inflation numbers and the official figures are irrelevant to consumers, and any large discrepancies are paranoid conspiracy thinking.
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on German GDP growth revised upwards, defying Iran war turmoil in c/europe@feddit.org · 25 Aug 2026
GDP most assuredly does not measure “all” goods and services in an economy. I gave you an example that isn’t measured by GDP in the very post you responded to.
GDP is a rough estimate of the market value of a certain part of the goods and services produced in an economy. Those aspects that are not directly traded for money, or have indirect effects, are disregarded. This includes but is not limited to leisure time, child-rearing in families, and pollution, among many other examples.
The official inflation figure is strongly affected by the B2B sector. The cost of B2B transactions is passed onto the consumer in the final price. For example, an oil refinery (a business) buys oil from another business. The petrol that is sold to consumers will be more expensive if this oil is also more expensive.
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on German GDP growth revised upwards, defying Iran war turmoil in c/europe@feddit.org · 25 Aug 2026
I’m not sure what you mean. There’s plenty of the economy that isn’t factored into GDP, but that’s particularly those aspects that don’t have a market price and thus aren’t directly relevant to inflation.
If, for example, the quality of teachers is reduced by 50%, then the price of the same amount of teaching has effectively doubled. But unless their salary is also affected (which is not obvious), how would you actually notice this in the inflation or GDP figures?
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on German GDP growth revised upwards, defying Iran war turmoil in c/europe@feddit.org · 25 Aug 2026
GDP growth is generally corrected for inflation (but not for population growth).
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on German GDP growth revised upwards, defying Iran war turmoil in c/europe@feddit.org · 25 Aug 2026
Inflation in Germany is at 2.8%, which is not far from the 2% ECB target. Doesn’t seem bad at all, especially considering a significant chunk of it is due to temporary fluctuations in the oil market, and the prevalence of collective labour agreements makes sure few workers are significantly affected.
The employment rate stands at 77.2%, among the highest in the world, albeit slightly down from 2025. For example, in the US it’s 72% (Q2 2024) and in France 70% (Q3 2025). Only three countries for which OECD data was measured recorded a rate of over 80%: Iceland, Netherlands and Malta.
There are some issues in the German economy, especially undertaxation of top earners, and the associated lack of investment in infrastructure and education, but inflation and the job market are currently fairly healthy and not a cause for immediate concern.
Lukashenko is one of several dictators in Europe. The others include Putin (obviously), the Pope, Hans-Adam II of Liechtenstein, and a few edge cases with near-dictatorial powers: Vučić in Serbia, Albert II of Monaco and Zelenskyy in Ukraine, who, although understandably given the circumstances, suspended elections and remains in power indefinitely.