[YummyKing]

Lunch provided in schools continues to shrink shockingly in world's richest country! 

https://youtu.be/xEN-ABzLsMs
.

You are a sick bastard

[cityhantam]

The average American is more concerned by price hikes at home than arming the Azov Battalion.  .

[cityhantam]

Crippling sanctions on Russia could hit global economy

[cityhantam]

经济危机来了！超过08年的烈度！大宗商品暴涨通货膨胀高烧的背后，是现代货币体系的重大危机、美元的信任度降至历史最低、俄罗斯海外资产被没收中国的海外资产危险了

[cityhantam]

Duterte tells Pinoys to take train amid surging fuel prices -


https://www.bworldonline.com/duterte-tel...el-prices/

[[[ForeverAlone]]]

Petrol price back in high note

[cityhantam]

Fed policymakers call for bigger rate hikes to fight inflation

https://www.reuters.com/world/us/fed-pol...022-03-22/

[cityhantam]

[singlon]

worse than stagflation strinkflation
higher price smaller amt

[cityhantam]

https://www.guancha.cn/tengtai/2022_03_2...87_s.shtml

40年未见的全球大通胀来袭，中美经济大分化？

【导读】 近日美联储正式开启加息步伐，对全球市场究竟释出什么信号？这一轮通胀是否有长期化趋势，全球正在进入一个超级通胀周期吗？

中国作为制造业大国，受原材料上涨影响有多大？目前中国PPI走高、但CPI比较温和，未来会传导到CPI吗？

近期，国内资本市场和中概股的剧烈波动引发市场关注，国务院金融委3月16日的会议对中国经济和资本市场将起到怎样指引作用？

针对年初国际国内经济形势的变动，观察者网采访了知名经济学者、万博新经济研究院院长滕泰。



..

[Galilo_l]

https://sg.finance.yahoo.com/news/with-i...45814.html

[watchfirst9]

https://sg.finance.yahoo.com/news/with-i...45814.html

Buying power will shrink globally. 

Fewer chances of success using old ways of doing things.
But basic must be there as it becomes more critical.

[cityhantam]

Surging fuel and food prices send eurozone inflation to new high of 7.5%

Record rate for bloc increases pressure on European Central Bank to raise interest rates

https://www.ft.com/content/6fc23069-6184...0c83d29349


https://www.channelnewsasia.com/business...rd-2601861

Ukraine war pushes eurozone inflation to new record

Spiralling energy bills and disruptions caused by the war in Ukraine caused consumer prices in the eurozone to surge by a new record of 7.5 per cent, EU statistics agency Eurostat said Friday (Apr 1).

Last month's rise marked a further acceleration in inflation from February, which at 5.9 per cent year-on-year was already a eurozone record, it said.

The surge has been fuelled by a 44.7-per cent hike in energy prices over the year as Europe found itself caught in an oil and gas crunch due to tensions with Russia over its invasion of Ukraine.

European Central Bank (ECB) president Christine Lagarde warned Wednesday that a prolonged Ukraine conflict will keep energy prices and the cost of living spiralling, blighting a post-COVID recovery. ......

"The question is whether the worst is behind us now and that seems doubtful," said Bert Colijn of ING bank.

"The ECB is running out of painless options to battle current economic problems, so we expect it to tread carefully," he added.

[cityhantam]

https://fortune.com/2022/03/10/what-is-s...il-prices/

What is stagflation? Fears are rising that the U.S. economy is headed for a 1970s-style death spiral

Consumer inflation jumped nearly 8% in February over last year—the sharpest spike since 1982, the Labor Department reported Thursday, citing a report that didn't include the oil and gas-price surges following Russia's invasion of Ukraine.

[cityhantam]

https://www.livemint.com/opinion/online-...74486.html

The global economy has suffered two negative supply-side shocks, first from covid and then from Russia’s invasion of Ukraine. War disruptions have come with higher inflation as its short-term effects on supply and commodity prices have combined with the consequences of excessive monetary and fiscal stimulus across advanced economies. Putting aside the war’s profound geopolitical ramifications, the immediate economic impact has come in the form of higher energy, food and industrial metal prices. Together with supply-chain disruptions, this has worsened the stagflationary conditions that emerged during the pandemic.

[cityhantam]

台灣好基友立陶宛可能經濟停滯，歐洲經濟危險信號已經發出

[revealer]

What do you think?  Already started in Hong Kong, and China will be next then followed by the other countries.  That is why some analysts think that it is good now for countries to maintain some inflation rate hike rather than suppressing the inflation rate.  China has been doing just that when it reduced interest rates to stimulate the economy.. it is just that it might be too late to stop it.  Usually,  stagflation will come after every war.

Hong Kong (CNN Business)A Chinese central official has warned that stagflation could weigh on an already struggling economy next year. It's the latest sign that the government may be thinking about taking some aggressive steps to address slowing growth, including its first lending rate cut since early 2020.

Liu Shijin, a member of the People's Bank of China's monetary policy committee, told an online forum on Sunday that the world's second largest economy may have to deal with "quasi-stagflation" the rest of this year and into 2022, if demand continues to struggle and the cost of goods leaving Chinese factories stays high.
https://edition.cnn.com/2021/11/22/econo...index.html

[revealer]

https://www.cnbc.com/2021/11/01/china-ec...mists.html

[revealer]

China's GDP growth is falling together with manufacturing production, signifying some difficult times ahead.


source: tradingeconomics.com

[revealer]

On the other hand, the US is slightly better but still not as rosy as 10 years before.  However,  it is less likely than China to get into trouble in the future because the US  is the World's top oil-producing country and only has 400 million mouths to feed


source: tradingeconomics.com

[revealer]

Just look at the household debts in various major countries,  you will know which country will first get into trouble.  Although China as a country has a reasonable debt level, don't forget,    it has 1.4 billion mouths to feed.
For information,  there are World bank data.

Chart from:  https://skyjuiceiswater.blogspot.com/202...oblem.html

[cityhantam]

https://abcnews.go.com/International/wir...5-83756777

Spanish inflation up 9.8% in March, biggest rise since 1985

MADRID -- Inflation in Spain hit a 37-year high in March, rising to 9.8% over the past year as consumer prices have soared worldwide.

[revealer]

I pick the US manufacturing production to compare just want to have an equal comparison. But the US is more a services base country. Hereis where it stands


source: tradingeconomics.com

[cityhantam]

https://www.theedgemarkets.com/article/m...ion-threat

Be pragmatic, not dogmatic, about the stagflation threat

The Bank of England (BoE) raised interest rates for the first time in more than three years in December. Going further, Norway’s central bank doubled its policy rate on the same day.

Anticipating interest rate rises in the US and under pressure from financial markets, central banks in some emerging market and developing economies (EMDEs) — such as Brazil, Russia and Mexico — began raising policy interest rates after inflation warning bells went off in mid-2021. Indonesia and South Africa jumped on the bandwagon in January this year....

With inflation surging after the Ukraine incursion, the Bank of Canada doubled its key rate on March 2 — its first increase since October 2018.

[cityhantam]

https://www.bangkokpost.com/business/228...ai-economy

SCB sees stagflation for Thai economy

Thailand's economy has gone into stagflation because of a fragile recovery and surging price hikes, says an economist at the Economic Intelligence Center (EIC), a research unit under Siam Commercial Bank (SCB).

The EIC downgraded its 2022 economic growth forecast for Thailand to 2.7% from 3.2%. The revision was attributed to the Russia-Ukraine war, which sent energy and commodity prices soaring.

Thailand's annual average headline inflation rate is expected to jump to a 14-year high of 4.9% this year, rising significantly from a previous forecast of 1.6%, said Yunyong Thaicharoen, SCB's chief wholesale banking officer and an economist at the EIC.

[revealer]

Shanghai is the only city/province  in China that has some excess on the balance sheet in the 1st half of 2021.



In 2022,  with Shanghai getting into Covid lockdown,  looks like it is very unlikely for China's cities to get a good financial balance on their balance sheet.  Good luck to them

https://finance.sina.com.cn/china/gncj/2...0204.shtml

[cityhantam]

China's GDP growth is falling together with manufacturing production, signifying some difficult times ahead.

https://www.cnbc.com/2022/04/01/citi-rai...owth-.html

[cityhantam]

https://english.news.cn/20220331/6a87579...41d/c.html

Economic Watch: Global consumers financially squeezed as Ukraine crisis continues

The Russia-Ukraine conflict has sent commodity prices through the roof over the past month, forcing global consumers to pay more for various goods from energy to food.

[cityhantam]

https://finance.yahoo.com/news/ray-dalio...35874.html

Ray Dalio: 'We're going to have a period of stagflation'
.

[cityhantam]

https://www.todayonline.com/world/ukrain...al-1868706

protests in Peru as inflation anger goes global

Food, housing, energy and fuel inflation has surged over 11per cent in the past year, according to Peru's national statistics agency. Food oil and sugar have spiked even faster, rising 50per cent and 35per cent respectively.