The best concept to remember is this too will be over in 2 – 6 hours. Sometimes it ok, but other times it seems like a hell to wait out. Most long-term chronic consumers have had this phenomenon happen more than once. With the fresh entry of edibles into the marketplace in Canada, this situation can be easily compounded. As we enter a time of the year were there is more festive cheer going around, this possibility is pretty real. The 1970’s song “ One Toke Over the Line” written and performed by American folk-rock duo Brewer & Shipley is still echoing through the minds of researchers and consumer of cannabis. "Economist Nouriel Roubini, known for his gloomy-yet-accurate forecast of the 2008 financial crash-a prediction he made at a time of peak market exuberance-warned in a recent op-ed that the global supply chain crisis combined with high debt ratios and ultra-loose monetary and fiscal policies threaten to turn the “mild stagflation” of recent months into a full-blown stagflationary crisis.An extract from a Wild Rose College’s online course: Cannabis: An Introduction for Healthcare provider, starting mid-January 2020. "New York Federal Reserve Bank President John Williams said Monday that consumer expectations for what the rate of inflation will be several years down the road remain “well-anchored” around the Fed’s 2 percent objective, though he said there are upside risks and a “great deal of uncertainty” around the inflationary outlook. Still, they acknowledge there’s a risk that price pressures will be stickier than previously anticipated. "While Fed officials have expressed concern about price pressures, they predict that the high rate of inflation is a transitory phenomenon. In April of this year, core PCE was 3.1 percent, rising to 3.5 percent by May and 3.6 percent in June and July, the latest months of available data from the Commerce Department. "Core personal consumption expenditures (PCE) inflation, which excludes the volatile categories of food and fuel and is the Fed’s preferred gauge for price growth, has risen sharply in recent months, well above the central bank’s 2 percent target. "Surging prices have been a headline theme amid the economic recovery, rising faster than wages and eroding the purchasing power of Americans.
… Inflation is high and well above target and yet there appears to be slack in the labor market,” Federal Reserve Chair Jerome Powell said at a European Central Bank forum, with his remarks appearing to point to a stagflationary dynamic.
“This is not the situation that we have faced for a very long time and it is one in which there is a tension between our two objectives. "While Fed officials have maintained that the current bout of inflation is temporary and will abate once supply chain dislocations abate, they have increasingly started to acknowledge that inflation has been stickier than previously thought.
"Roach took aim at the Fed’s easy money policies, arguing they were excessive, particularly in the face of persistent inflationary pressures. “We were sort of one supply chain glitch away from stagflation,” Roach said, adding, “That seems to be playing out, unfortunately.” "In the interview, Roach spoke of supply chain bottlenecks shifting from one part of the supply chain to another rather than easing, a situation he called “strikingly reminiscent of what we saw in the early 1970s” and one that “suggests that inflation will stay at these elevated levels for longer than we thought.” "His remarks came as gasoline stations were running dry in Britain, power costs were surging in the European Union ahead of winter, and amid rising prices for oil, natural gas, and coal. 29 interview that the energy price spike is inflicting major damage to struggling supply chains and that he believes the United States is “one supply chain glitch” away from a 70s-era bout of stagflation. "The former Morgan Stanley Asia chairman told CNBC in a Sept.
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