Janet Yellen is right!
No further comment, you can believe what sheet you like
China will give America the final.punch it needs.
Both also right?
No recession means high inflation still at high side.
Inflation is high and will continue to get high yoy
Have you wondered how a bowl of mee pok costs $2.50 eight years ago now cost $4.50?
Even during recession, that bowl of mee pok will still increase in price yoy
Only thing is less people can afford it and less attractive to be selling mee pok during a recession
as less people buy it
But the price will still increase yoy
Once increased, the price never comes down
minus inflation already is recession liao. yellen is a kum gong like those hwz mods.
(31-10-2022, 06:49 PM)Sentinel Wrote: [ -> ]Inflation is high and will continue to get high yoy
Have you wondered how a bowl of mee pok costs $2.50 eight years ago now cost $4.50?
Even during recession, that bowl of mee pok will still increase in price yoy
Only thing is less people can afford it and less attractive to be selling mee pok during a recession
as less people buy it
But the price will still increase yoy
Once increased, the price never comes down
In China the price will go up and down. In Singapore, dunno why can only go up. Not sustainable.
(31-10-2022, 06:56 PM)sogo Wrote: [ -> ]minus inflation already is recession liao. yellen is a kum gong like those hwz mods.
She got to project positive image for her boss' economic policy for the comin election.
(31-10-2022, 06:59 PM)winbig Wrote: [ -> ]In China the price will go up and down. In Singapore, dunno why can only go up. Not sustainable.
It will go up and down because China has a huge hinterland of migrants who go to the city and if the price does not go down, they will all return to their villages and grow their own food
Same for India and Thailand and Vietnam and likely Indonesia and Malaysia too
This is natural, but in SG, everyone knows that PAP treat SG as SG Inc and so even a hawker when gets a license to operate a stall, takes it as an iron-rice bowl ticket to be a millionaire, that entitlement mentality
Everything is a business and profits must keep on going up, because the wives likes LV and Prada and Kate Spade and the men likes to keep mistresses and go to MBS
Be patience!
High inflation will only keep going up.
Their mortgage loan already 7%.
Their junk bonds are not attractive anymore.
Yellen and Paulson also denied there is an inflation in the first half of this year claiming the rise of consumer prices are temporary.
They refused to raise interest rates until finally they raise interest rate by 0.75% every month.
They just pretend to be blind to the figures.
.
Thank you for sharing the news article
(31-10-2022, 06:59 PM)cityhantam Wrote: [ -> ]She got to project positive image for her boss' economic policy for the comin election.
got ppl vote for sleepy joe then american is almost as kum gong as sinkies liao.