WTF - let's create demand destruction while we have a supply chain crisis after 7 years of extreme QE Oil is already down 20% and everyone knows these shortages will become gluts - which prices will drop...I think these people are incompetent and clueless...what do you think?
@OogieBoogie That's a very good point. If anything, inflation hit's the poor the hardest. Rising interest makes sure they stay poor though and less money will be available for charity,
@fun4us2b inflation is making even the middle class poor now. And the poor are becoming many!
I live in a place which was reasonably lucky - out of the way so house prices and rent was reasonable. Now as the world is more connected , our house prices doubled in the last year ....as did rents . Now we have homeless people mass sleeping in our minor towns as well - a never before seen occurance !
Supermarket prices are rising due to both inflation and theft going up.
Its insane . The school that i work at is now providing free breakfasts and lunches to those that cant afford them . And this is Australia: first world countrt - The 'Lucky' Country .
A person now has to earn over $200 000, (minimum), a year to be able to hope to have both a family AND a home . And the average income is something like 70 or 80 grand a year for a full time job.
So how are single parents and part timers coping ?
Its nutz. People are being tipped over tje edge beyond having basic needs.😔