Here
and
Now

opinions

Inflation is spiking around the world – not just in U.S.

22 Comments
By Christopher Decker

The requested article has expired, and is no longer available. Any related articles, and user comments are shown below.

© The Conversation

©2022 GPlusMedia Inc.

22 Comments
Login to comment

Inflation is spiking around the world – not just in U.S.

Duh.

3 ( +3 / -0 )

You can see the phrase “largely wealthy” there, right? It’s amazing what you can find out if you actually read the article.

Don’t get him started. I’ve heard enough about black crime and Democrats for one day.

3 ( +3 / -0 )

This autumn/winter the UK will be in a recession. Major problems ahead. Britain has the highest inflation rate in the G7.

2 ( +2 / -0 )

There are places with much worse inflation than either Japan or the US.

Yeah? Where as a first world nation?

Some examples in the article handily provided above your comment.

UK, Spain, Turkey, Brazil, Argentina. Are they s-hole countries?

1 ( +1 / -0 )

Yeah? Where as a first world nation?

Rates averaged 9.65% in the 38 largely wealthy countries that belong to the Organization for Economic Cooperation and Development through May 2022

You can see the phrase “largely wealthy” there, right? It’s amazing what you can find out if you actually read the article.

1 ( +1 / -0 )

Yes, but no… we know there’s inflation around the globe

You weren’t admitting it two posts ago.

1 ( +1 / -0 )

Duh.

I agree, but if your media exposure is self-limited you could be forgiven for thinking otherwise. Some people on this site, for instance, seem to think inflation is a purely Japanese problem.

0 ( +1 / -1 )

My advice is spend all your money before it becomes worthless.

0 ( +1 / -1 )

The higher cost of transportation is a common thread. Shipping by sea has risen up to 10 times. There is no oil shortage, but global oil companies gouged out record profits over the past six months.

0 ( +0 / -0 )

Global oil companies have made massive profits and need to be taken to the cleaners with a wealth tax.

0 ( +1 / -1 )

But imagine where the US will be at the end of 2022.

That’s you and bass’ problem. Well, the main one.

Always dreaming about a future that never comes. That’s a surefire recipe for bitterness and a never ending cycle of “well, just you wait until (November)”

Focus on what’s happening now before the rug gets pulled from under your feet, again.

0 ( +1 / -1 )

There are places with much worse inflation than either Japan or the US.

-1 ( +1 / -2 )

There are places with much worse inflation than either Japan or the US.

Yeah? Where as a first world nation?

-1 ( +1 / -2 )

UK, Spain, Turkey, Brazil, Argentina. Are they s-hole countries?

Depends.

-1 ( +1 / -2 )

It’s very simply the consequence out of those demography based unintentional and the intentional (green economy, energy transition concepts for the climate change agenda) global de-industrialisation or in harsher words , a suffocating of capitalism which is always and everywhere only working based on growth at all costs, not on putting the brakes and downgrading. It’s easy to understand, everyone wants to make the same money or more, get the same wages for less work and working hours and less sold products, get paid like before for less produced products and less fulfilled services, get the same or rising payments and interest rents from stock exchange or other investments, bonds, shares etc. Therefore the now artificially strangled economies have to deliver the same or more profits, which is only possible by massively raising the prices for the same or less economic activity as it had been before.

-2 ( +0 / -2 )

How will the world respond? Who knows? But for the west, more sanctions? More wars?

-2 ( +0 / -2 )

The 9.1% increase in U.S. consumer prices in the 12 months ending in June 2022, the highest in four decades, has prompted many sobering headlines.

The UK economy is spiraling out of control and its inflation rte is expected to hit 15% by the end of the year.

China's inflation rate stands at 2.5%.

-2 ( +1 / -3 )

The 9.1% increase in U.S. consumer prices in the 12 months ending in June 2022, the highest in four decades, has prompted many sobering headlines.

The UK economy is spiraling out of control and its inflation rte is expected to hit 15% by the end of the year.

Hopefully bass will see this. Thank you for your educational input.

China's inflation rate stands at 2.5%.

I wasn’t going to quote this but realized that taking quotes out of context or cutting them short mid sentence is a loser’s trick. So, here you are. Thanks again!

-2 ( +0 / -2 )

Thank you truckers! All Biden’s fault! /s

-3 ( +0 / -3 )

Bob FosseAug. 6  11:41 pm JST

The UK economy is spiraling out of control and its inflation rte is expected to hit 15% by the end of the year.

Hopefully bass will see this. Thank you for your educational input.

Why? Doesn't change anything. He asked:

Where as a first world nation?

-3 ( +1 / -4 )

Hopefully bass will see this.

I did.

China's inflation rate stands at 2.5%.

I wasn’t going to quote this but realized that taking quotes out of context or cutting them short mid sentence is a loser’s trick. So, here you are. Thanks again!

To equate China’s economy to the US in terms of the average Chinese citizen is just laughable on average the Chinese make 63% less than the average US citizen, more money is withdrawn and the Chinese have less freedom, choices and extreme government intervention. Naw, that’s quite alright.

-3 ( +1 / -4 )

You can see the phrase “largely wealthy” there, right? It’s amazing what you can find out if you actually read the article.

Yes, but no, you’re off and we know there’s inflation around the globe, but since poo runs downhill and when America sneezes everyone catches a cold.

https://www.theguardian.com/business/2022/jul/16/the-uss-selfish-war-on-inflation-will-tip-the-world-into-recession

This column, though, is not about the US. It is concerned with the terrible impact on Britain and countries across the world of America’s selfish disregard when it decides to tackle high inflation with higher borrowing costs. Britain is already feeling the effects of the Fed’s pledge to tackle inflation until it is “defeated”, come what may.

Higher interest rates in the US make it a more attractive place for investors to store their money. To take full advantage, investors must sell their own currency and buy dollars, sending the price of dollars rocketing higher.

Makes perfect sense.

-4 ( +0 / -4 )

Login to leave a comment

Facebook users

Use your Facebook account to login or register with JapanToday. By doing so, you will also receive an email inviting you to receive our news alerts.

Facebook Connect

Login with your JapanToday account

User registration

Articles, Offers & Useful Resources

A mix of what's trending on our other sites