Price Inflation

gerhard dengler

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Feb 3, 2011
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USA, China, U.K, are all reporting higher price inflation

Inflation in China is heating up fast - Business Insider

https://www.rte.ie/news/business/2017/0214/852513-uk-inflation/

U.S. inflation expectations at highest level since 2015: NY Fed - One America News Network

If price inflation is a reality, then it means that the cost of goods and services will increase - and prices will increase for products and services imported in to Ireland from those regions.

There have been dire warnings about hyperinflation by many commentators in the last few years.
 


Karloff

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As economies like China who supplied the wealthier West with goods and services become developed and prosperous they demand more for what they sell. In capitalism everyone everywhere cannot be well off and developed with low prices, the job of mass producing cheaply things for export to the West has already been moved to other Asian countries like Vietnam as Chinese standard of living rises. Standard of living is a relative thing, it's not something for us in the West when globalisation levels everything off, we will understand that.
 

Happycamping

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As economies like China who supplied the wealthier West with goods and services become developed and prosperous they demand more for what they sell. In capitalism everyone everywhere cannot be well off and developed with low prices, the job of mass producing cheaply things for export to the West has already been moved to other Asian countries like Vietnam as Chinese standard of living rises. Standard of living is a relative thing, it's not something for us in the West when globalisation levels everything off, we will understand that.
Africa may be the final frontier for cheap goods. After that we will start to feel the squeeze. Many goods and services may be free by then helping to provide some bit of balance.
 

Karloff

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Africa may be the final frontier for cheap goods. After that we will start to feel the squeeze. Many goods and services may be free by then helping to provide some bit of balance.
My heart feels for Africa, a few decades ago a mostly unspoilt region of the Earth.

Maybe robotics/automisation/technology will save us, but we have been saying that for years. More containers should be in glass rather than plastic as we are also drowning in our own waste (and waste is also an economic thing, we dump it in the undeveloped regions - should the whole world level economically would we end up dumping it in Ireland as they do in Africa).

What glass (a natural substance) leaves us...



And plastic...

 

gleeful

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USA, China, U.K, are all reporting higher price inflation

Inflation in China is heating up fast - Business Insider

https://www.rte.ie/news/business/2017/0214/852513-uk-inflation/

U.S. inflation expectations at highest level since 2015: NY Fed - One America News Network

If price inflation is a reality, then it means that the cost of goods and services will increase - and prices will increase for products and services imported in to Ireland from those regions.

There have been dire warnings about hyperinflation by many commentators in the last few years.
They are talking about the return of sub-2% inflation. Thats good news.
 

storybud1

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Africa may be the final frontier for cheap goods. After that we will start to feel the squeeze. Many goods and services may be free by then helping to provide some bit of balance.
Made in Africa ? yeah, good luck with that, exports are,, Aids, Welfare/Healthcare tourism, Nigerian d1ckhead Princes looking to rest 10 million in your bank account in Ballyhaunis for a few days and ,, ehh, nothing else ,, the rest is just the stuff in the ground that has been dug up for the last 200 years, NASA and the Nobel Science guys ain't looking there for staff.

Stop reading sh1t in the papers, commerce is simply supply and demand, the rest is utter bullsh1ter PT Barnum / Richard Branson spoofers selling the dream?? Do not feed the dragon, do not listen to these clowns, they want you in debt sooo much they will try everything to get you.

Vanity of Vanities,

and there is nothing new under the sun ?

Just don't buy it, hence prices go down, buy it ! prices go up,, works everytime, its commerce,
 

jcdf

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USA, China, U.K, are all reporting higher price inflation

Inflation in China is heating up fast - Business Insider

https://www.rte.ie/news/business/2017/0214/852513-uk-inflation/

U.S. inflation expectations at highest level since 2015: NY Fed - One America News Network

If price inflation is a reality, then it means that the cost of goods and services will increase - and prices will increase for products and services imported in to Ireland from those regions.

There have been dire warnings about hyperinflation by many commentators in the last few years.
Hyperinflation does not occur on a global scale.
 

farnaby

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If price inflation is a reality, then it means that the cost of goods and services will increase - and prices will increase for products and services imported in to Ireland from those regions.

There have been dire warnings about hyperinflation by many commentators in the last few years.
The bigger concern from an Irish citizen's perspective will be interest rate rises to combat inflation. Those Celtic tiger mortgages haven't gone away you know - we'll be back in mortgage default crisis territory in no time.
 

gerhard dengler

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The bigger concern from an Irish citizen's perspective will be interest rate rises to combat inflation. Those Celtic tiger mortgages haven't gone away you know - we'll be back in mortgage default crisis territory in no time.
Exactly.

If inflation is set to increase then bank interest rate increases will follow.

The European Central Bank policy for interest rates is that if inflation exceeds 2%, bank interest rates should be increased so as to keep a lid on inflation. This means that bank interest rates may be set to increase where there is prolonged inflation.

If bank interest rates increase existing indebtedness becomes more expensive.
 
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UK has desired inflation for last couple of years as makes value of debt less once inflation bites.

UK wants 2-2.5% a year and will get it.
 


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