'It could be devastating': Deutsche Bank warns 5% inflation may get WORSE as prices rise at quickest rate since 2008 Great Recession and Republicans blame soaring cost of living on huge Democrat stimulus programs Overall consumer prices rose 0.6% in May, totaling 5% over the prior 12 months and blowing past expectations It is the fastest rate inflation has risen since August 2008 during the Great Recession Core inflation, excluding food and energy, was up 3.8% for the year in fastest increase since 1992 Republicans blame freewheeling Fed monetary policy and Democrats' massive federal spending Shortages in labor and commodities, and surging consumer demand are also considered factors General Mills, Coca-Cola and Hormel all expect to raise prices as the cost of raw goods rises Chipotle is jacking up menu prices 4% to offset higher wages as it tries to attract workers Fed chairman insists the inflation effect is temporary and will dissipate later this year By KEITH GRIFFITH FOR DAILYMAIL.COM and WIRES
We are told the Financial reset is to occur in 2025 , no explanation given for that specific timeframe . From what I've read China GDP should equal US on that year .
We all know Chinese are buying all the physical Gold they can get hold of . It wouldn't surprise me if they then peg their currency to Gold . They already have a consumer market of ~20% of the Global population . Western nations will be forced to raise their base rates with corresponding effects . Biden' splurge is not helping the Dollar now , never mind 4 yrs down the line
RE: RE : Please - once and for all02 May 2021 11:48
It's rather pointless paying a premium for volatile assets that are susceptible to the Economic cycle .If the profit margin is too generous , folk will seek to undercut you . My opinion is Lloy are doing right in entering BTL market , not great margins , but steady .