Inflation

Costs for businesses reach an all time high in the UK. Difficult to see anything but inflation rising for a good while yet.

Trump derangement syndrome TDS is real.

How is it that concrete can increase by over 100% in that space of time? Its not like the inputs have become that much more expensive have they?

Yes but price of fuel has not increased by nearly as much to warrant a 100%+ increase in concrete

I'm in office supplies, the price increases of paper products is absolutely bonkers. Bog standard copier paper we were buying wholesale for 11 a box in December is now tipping 19 euro a box and already we've been told it's going up again in July. We've never made anything on it 10-15% at best, but the cost of carrying it is getting ridiculous.

https://www.independent.ie/business/world/germany-takes-step-closer-to-gas-rationing-with-heightened-alert-41781649.html

Inflation is caused by many factors, increased cost of energy, transportation, supply chain problems, there's not much governments can do except increase the use of solar, wind green energy but it takes time to do this. 3rd world country's are being hit hard by increased cost of food, bread, wheat, basic food products .

interesting to note that places like spain are also having the same problems as here with no one willing to wait restaurant tables, hotels finding it impossible to get cleaning staff.. costs there rising significantly too..

looks like these private sector hospitality businesses (who may be stuck on pre-covid/ pre-inflation wages) will have to seriously raise hourly rates to attract workers ..

the problem is will the consumer be willing to pay for even more price rises on top of the huge increases in hotel/restaurant charges already seen..

one could also argue perhaps that pup payments to many young part-time workers were far too widespread and generous creating an unrealistic sense of free money for nothing which is now hard to stop after 2 years - its very hard to go back to hard work in the hospitality sector when previously getting 350 a week or similar for free..

not sure if businesses here like hotels, car rentals, restaurants etc need extra supports they are absolutely gouging the consumer at the moment .. time to let successful companies thrive and unviable shell entities come to a natural conclusion at this stage in the day perhaps..

..

...again its important to note, most of our rapid growth in debt has actually come from the private sector, in the form of credit, this ultimately lead to the 08 crash, and our institutional response has been to further (re)inflate these markets, by implementing polices such as qe. the majority of this money hasnt actually made it into the economy of the majority, only reinflating asset markets, further concentrating their ownership, i.e. accelerating wealth inequalities etc, these approaches and processes are now starting to catastrophically fail

the only true solutions left on the table is wide scale deficit spending, but to make sure this goes towards making a direct difference to peoples lives, infrastructure spending etc etc etc, if we dont do this soon, we could all end up in serious trouble very quickly!

the truly disturbing bit of this is, this is clearly obvious, yet our political systems, institutions etc, dont seem to be able to act on this quickly enough, and a lot of the time, keep defaulting to the wrong solutions, that are never gonna work!

yes, as credit busts nearly always result in sovereign wealth busts! point being, the financial causation of the crash was ultimately based in the private sector, but was forced into the public domain, and to add insult, we decided to double down with polices such as qe etc, and its now starting to fail! you cannot keep bailing out asset owning classes, while continually shafting non asset owning classes, as this will ultimately fail, and possible for all!

...and what have corporations being doing with the bulk of this new debt, further asset price inflation in the form of share buy backs!

...again, no we havent been doing deficit spending to death, we ve been doing private sector debt to death, and its now failing, possible collapsing!