Stock market crash/slump ?
China Evergrande Misses Two More Dollar Bond Interest Payments, Debt Woes Continue
this is more than a Chinese Corporation , the contagion could hit nations , super funds and international banks ( and housing bubbles )
i would suggest Australia is broke as well if anyone pushed us for payment of all the war machines we are buying ( including the coming drones , nuclear subs F-35 fighters and goodness knows what else
and you forgot the UK and Japan as well
keep watch on the debt to GDP figures i suspect some are just more broke than others ( pun intended )
Daily Digest 10/12 — IMF Trims View on Growth Rebound; High Food Prices are Here to Stay…
Indonesia Sept trade surplus likely narrowed amid strong exports and imports: Reuters poll
Chicken boss warns shoppers face price hikes in 'different world'
Brits Experience Food Shortages And Rising Energy Prices
A woman walks past empty shelves in London. (Photo by Chris J Ratcliffe/Getty Images )
Food prices are set to rise 10 per cent thanks to uncontrollable inflation, the boss of Britain’s biggest chicken firm has warned.
Ranjit Boparan, founder of 2 Sisters Food Group, told The Telegraph that consumers were facing a “great food reset,” amid supply chain disruptions.
Food companies will have no choice but to pass costs on to shoppers, he added.
“Food is too cheap, there’s no point avoiding the issue. In relative terms, a chicken today is cheaper to buy than it was 20 years ago,” Boparan said.
He said it was not right that “a whole chicken costs less than a pint of beer,” and said it was a “different world from now on,” with increased grocery bills.
The government issued some 5,000 emergency visas for HGV drivers for overseas workers to plug shortages that have caused delivery issues for supermarkets.
Government Accelerates HGV Driver Training To Ease Haulier Shortage
Exclusive: Chronic HGV driver shortage to persist as successful tests plummet
However, bosses said this wasn’t enough to address the shortfall as well as concerns the scheme will not recruit many drivers in time for Christmas.
Boparan added: “Three months ago I was vocal about the Government needing to help with labour issues. I’ve now come to the conclusion that in reality it can’t fix all the problems, nor can it control inflation.
“Less labour means less choice, core ranges, empty shelves and wage inflation, and this isn’t going to change.”
Farms that supply poultry firms have experienced cost increases of up to 20 per cent for feed, wood shavings and disinfectant, against a backdrop of rising energy costs, the founder said.
china property market confidence set to crush lower.......no asian students filling australian universities.... unit/ appartment vacancies in australian capital cities set to rise.......university revenue set to fall....student type accomodation set to fall....low skill labour costs set to skyrocket.....harvest labour costs rising set to flow into fresh food prices......governments around the world will find out only too soon they were not smart enough for maintaining a strong economy and tax revenues set to fall, taxes set to rise, small businesses set to fail, big businesses set to gain greater market share, majors set to negotiate favourable outcomes in the view of "protecting consumers".........its alllllllllll over red rover.......
Will The Fed Admit They Are Wrong About Transitory Inflation?
of course the inflation is transitory , it will most likely go very much higher into hyper-inflation