MY BOOK, “The Financial Jigsaw”, is published at my academic network. Scroll for full view: https://www.researchgate.net/publication/358117070_THE_FINANCIAL_JIGSAW_-_PART_1_-_4th_Edition_2020 Email for a free PDF at: peter@underco.co.uk
Watching the decline in fuel prices and thinking inflation has ended is dreaming - the decline is caused by demand destruction. But many necessities will see prices continue to rise for some time. Supply remains constrained because of worker shortage both from policy and low wages. The latter can only be resolved by higher prices, more inflation. Many workers are entering a cash economy to avoid the tax man further messing with prices.
All governments are stuck in their debt bubbles with the only way out by inflating (devaluing) currency.
Yes it's what I think too HH, but Mike Shedlock is ever optimistic and I try to post some good news now and then. You are so right about workers joining the black economy; I see it everywhere in our rural area where it is easier than in the cities.
Yes, agreed J and I have been trying to get some stats on this. In addition the NHS banned staff if they hadn't been vaxxed (and care homes too) and many left, but there are no data I can find on how many actually did leave never to return. This is suspicious in itself and implies a good reason to hide unacceptable news.
Watching the decline in fuel prices and thinking inflation has ended is dreaming - the decline is caused by demand destruction. But many necessities will see prices continue to rise for some time. Supply remains constrained because of worker shortage both from policy and low wages. The latter can only be resolved by higher prices, more inflation. Many workers are entering a cash economy to avoid the tax man further messing with prices.
All governments are stuck in their debt bubbles with the only way out by inflating (devaluing) currency.
Yes it's what I think too HH, but Mike Shedlock is ever optimistic and I try to post some good news now and then. You are so right about workers joining the black economy; I see it everywhere in our rural area where it is easier than in the cities.
Fascinating angle on "where have all the workers gone". This, and vax injuries/deaths may just explain it.
Yes, agreed J and I have been trying to get some stats on this. In addition the NHS banned staff if they hadn't been vaxxed (and care homes too) and many left, but there are no data I can find on how many actually did leave never to return. This is suspicious in itself and implies a good reason to hide unacceptable news.