The inexorable rise in prices of EVERYTHING .

[kiwi pom]

Container from China was £1800 couple of yrs ago been told £14000 now!!!

Some factories around here cutting production as they can't get empty containers to put their product in.

 

[Devil's advocate]

So who has lent all this money that has been borrowed , and where does it come from .
The world's goverments borrow trillions , where from .
Are the banks still gearing their lending and actually lending far more than they actually have in deposits.?
Are we all living in one giant south sea bubble . Which will eventually burst .

Yes the borrowing is a kind of IOU, there is more borrowed than there are lenders..

 

[Y Fan Wen]

Wouldn't know about cash or savings, never had any or any desire to have any, I would rather own a piece of land, whether you go insolvent depends on the level of borrowings and how they are structured along with the management skills you have to ride out a tough patch.

There's many a thriving business come to grief on the rocks of cash flow.

 

[Sid]

Container from China was £1800 couple of yrs ago been told £14000 now!!!

Piece on Radio 2 I heard a bit of other day about how cheap Chinese crap wasn't avaliable anymore as containers made it took expensive.

Always look on the bright side of life

 

[tullah]

Banks can't get off the merrygoround either. If they call in their bad loans asset prices crash. So catch 22.

 

[midlandslad]

Some things are going down.... BPS payments.

 

[stewart]

There's many a thriving business come to grief on the rocks of cash flow.

And even more that have never got anywhere due to being frightened to borrow.

 

[glasshouse]

I suspect interest rates will rise sooner or later to prevent a complete collapse in the value of our currency against the Yen and resultant inability to buy / import anything.

You are away ahead of the curve withstockpiles of machinery and spares

 

[Dave645]

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

I think it’s world wide, so it’s the world wide lock downs cutting production, and then the pent up demand that created, the problem is people put projects on hold, production of items dropped as the pandemic hit when national lock downs started, but that didn’t stop the underlying demand for commodities, it just reduced the stock the world carries normally so shortages started, then we start hitting lead times as while items are normally in stock they are not, so shipping times add to wait times. This is where local beats imported.

 

[stewart]

Piece on Radio 2 I heard a bit of other day about how cheap Chinese crap wasn't avaliable anymore as containers made it took expensive.

Always look on the bright side of life

Wait until they build the railway from Chinas to Europe, no need for containers then.

 

[Banana Bar]

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

Yes

 

[Aspiring Peasants]

I've thought since 2008 when quantitive easing (a smart name for printing money) happened that this had to lead to inflation. I think it already has to a certain extent because the inflation calculator (CPI) has been kept low by cheap imports of consumer goods from China.

With recent events the inflationary pressures are even greater. But, the only way Governments can reduce the real value of debt is to allow inflation. Think of the number of times you hear people say they bought a house 25 years ago and it was a struggle but now it looks ridiculously cheap. That is due to inflation.

The problem Governments have is to allow a level of inflation but not let it get out of control as in the 1970s. The 2 means of achieving this are interest rates and taxation. Because the economy is to some extent a giant ponzi scheme rather than based on real assets they dare not raise interest rates much unless forced (which is unlikely because much of the west is in the same boat). This leaves taxation as the main tool. This will have to rise but it will be stealthy

 

[solo]

Got 6 bags of cement yesterday morning. That's what I wanted, no hint of a limit. Pallets and pallets of all the different brands.

I too bought 20 bags from a small local builders merchant. No problems with supply or quantity there, but when I quoted with travis Perkins they couldn’t supply that many bags in one go as it was being restricted.

 

[7610 super q]

They've all increased as well.

Yeah. Almost to mid 1980's levels.

 

[primmiemoo]

Wait until they build the railway from Chinas to Europe, no need for containers then.

The old silk routes, only faster. How far on is the construction?

 

[cows sh#t me to tears]

Wait until they build the railway from Chinas to Europe, no need for containers then.

Why would that mean no containers? Would be like east coast of Aus to Perth SCT run their own trains. All double stacked containers.

Would be more likely no need for container ships...

 

[quattro]

Shortage of plastic bags is1 problem

But ready mix is getting hard to get and that’s all delivered in bulk,I personally think it’s manufactures bumping prices up because they can

 

[fgc325j]

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.

EVERY COUNTRY has run the printing presses since 2008, we are ALL digging ourselves into deeper holes. USA President has announced spending
plans for 6 trillion

 

[stewart]

The old silk routes, only faster. How far on is the construction?

It’s already in place.

China embraces rail to transport goods to Europe

Manufacturers turn to ‘steel camels’ in face of shipping container shortages, high costs and delays

www.google.co.nz

 

[stewart]

Why would that mean no containers? Would be like east coast of Aus to Perth SCT run their own trains. All double stacked containers.

Would be more likely no need for container ships...

Yes, you’re correct, no container ships.