Peter St Onge Podcast Ep 97 Weekly Roundup: What’s for Christmas? Food
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Dec 9, 2024 This week dives into the evolving shopping habits influenced by economic pressures, revealing younger generations' struggles. It explores international reactions from Canada and the EU to U.S. trade threats, highlighting America's leverage in negotiations. A critical look at Canada's economy under Trudeau shows rising inflation and declining GDP, compounded by regulatory burdens that stymie job growth. The conversation urges a reevaluation of regulatory policies to spark entrepreneurship and create jobs.
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Essential Spending
- Americans are prioritizing essential purchases like food and toiletries over luxury items.
- This shift reflects the increasing cost of living under the Biden administration.
Debt Accumulation
- Consumers are increasingly relying on financing options like "buy now, pay later" for purchases.
- This indicates a concerning trend of accumulating debt due to financial strain.
Tariff Threat
- Trump threatened tariffs on Mexico, Canada, and China to address border control and fentanyl trafficking.
- Mexico and Canada quickly responded, agreeing to cooperate on border security.