A very real problem now. Tyres, roofing sheets, steel, cement, some chemicals, electrical fittings. It’s a mess.Prices rising is one thing, not being able to get things at all is another.
Builders yard was rationing builders to one bag of cement per day last week.
It is sort of one and the same thing. People have been paid furlough using printed money but haven’t created anything to represent that money so the limited goods that are available just become dearer in monetary terms.Do you not think that much of the recent inflation is caused by shortages of food, materials and much kit caused by transport issues after January (the B word) and also shortages caused by many industries having fewer people on the shop floor (the C word) No supply, strong demand, prices rise - simple econmomics
Additionally now the C word is on the wane many people are unlocking their bank accounts and spend, spend, spending because of the feel good factor. There's a lot of pent up demand - and cash
HK
Well........not everything......milk.......beef.........lamb............grain....
All ready looking forward to Mondays offeringAnyway, here endeth my predictions of doom for Sunday night
They've all increased as well.Well........not everything......milk.......beef.........lamb............grain....
If the Government hadn't paid furlough there would have been rioting on the streets as the Proletariat went hungry.Conversely if the government hadn’t paid furlough. prices wouldn’t be rising now as there would be less spending power and demand.
They have simply printed too much money.
Cash was always a waste of time and those with it are producing nothing, spend it all or borrow as much as you can to increase your asset base.Its a ridiculous situation, the country has printed /borrowed a crazy amount of money, encouraged borrowing on a vast scale as well as not giving a stuff about actually producing /manufacturing anything, will they now realise we are wholly reliant on china for a huge range of products .
In Lincolnshire they are putting in an underground cable to bring power in from i think Norway.
Any one who has any cash and not over borrowed , are they going to get creamed to save the rest .
What should savers like Dr wazzock do , hang on and wait to pick up the pieces and buy when all around are jumping of tall buildings or will his savings devalue to such an extent he cant afford anything ..
Is cash worth having , or just invest in assets ,but at what cost ?
We are heading for some difficult times indeed.