something that actually matters or? the article itself sounds like trying to make a lot out of nothing, so do the redditors in the comments who appear to be huffing copium with every breath
something that actually matters or? the article itself sounds like trying to make a lot out of nothing, so do the redditors in the comments who appear to be huffing copium with every breath
The economic data, which is less important than human life, is probably bad. They've had 5226 covid deaths. China's reduced output is probably why the entire world has inflation now. Instead of blaming decades of deindustrialization in pursuit of profit, the world will blame its problems on China, as usual. No point in walking into that.
That and the global embargo on one of the world's biggest grain and energy producers because it invaded another of the world's largest grain producers.
I'm sure that didn't help, but I was always under the impression that it was mostly the incalculable sums of free money dumped into the economy to keep The Machine running during covid lockdowns?
Nah this is supply-driven. Otherwise raising interest rates would suck it all up.
I think supply chain issues are still a big reason but capitalists stopped using just in time manufacturing so there was never any inventory when demand for products shot back up.
I think the inflation rate would be a lot lower if there was no pandemic but everything else was the same, but it's probably impossible to predict how much lower with any accuracy.