29-12-2023, 10:27 AM
(29-12-2023, 08:22 AM)webinarian Wrote: SgFett can only copy the western propaganda to help spreading them. You read latest development or not?
With M East now Houthis Movement attacking shipping lines in Red Sea, Suez Canal is almost not usable.
1. Will US inflation shoots up? Can US keep the promise of cutting interest next year? Chinese products will be higher for delivery as containers for shipment will be in short supply as they are trapped in western countries with no return to China for new shipments.
2. EU will be in shortage of oil and gas, with cold winter, will price shoot up and cost of living going up?
3. China will continue to get oil from M East thru rail. China is in GDP growth of more than 5 to 5.5%.
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Cheap Chinese products help keep Biden's inflation down.
With ships not passing Red Sea and Suez Canal, cost and inflation will be up and US may have difficulty to lower interests next year.
Br prepared.
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