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- เผยแพร่เมื่อ 20 มี.ค. 2022
- Even before the war, inflation was rising at the fastest rate in decades for many countries. That's also been the case here in Germany. New data out Monday showed producer prices surged by a record 26% in February. Energy costs have exploded since that data was gathered last month, setting the stage for even higher inflation going forward, or worse, stagflation. Some economists fear businesses will face a spiral of price hikes and lower economic growth.
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#Inflation #EconomicGrowth #Stagflation
This war is only making things tougher for the average Joe, prices going crazy globally and standard of living drastically dropping, I am literally scared for the future of the economy at this point. Everyone needs to brace themselves and get financially prepared for what's coming.
I have been saying this all along, the best bet for anyone with a brain is to get in on a passive income stream while you still can, doesn't matter which one it is just get on it and stay committed, things are getting dicey and the sad part it loads of people wont notice how bad it is till its too late. Be your own retirement plan
@@mitchel8329
that's actually quite impressive, I could use some Info on your FA, I am looking to make a change on my finances this year as well
@@mitchel8329 The crazy part is that those advisors are probably outperforming the market and raising good returns but some are charging fees over fees drain your portfolio. Is this the case with yours too?
@@mitchel8329 I will give this a look, thanks a bunch for sharing.
My local supermarket have started selling their meat joints and steaks in hard plastic security tagged casings here……l kid you not. These are dicey times we live in.
Here in Canada, we are already in stagflation but the government refuses to admit it. Prices are up by 5.6% and We can expect as high as 6%. The response has been to stop buying, stop driving, work from home,. Simple things like a morning coffee are now made at home instead of going to Starbucks and spending $4. Foodbank use has doubled in the last twelve months.
Im living in Vancouver,BC. Cost of bag of chips ( cheetos, doritos, etc) is 5$ before tax on average. 😞😞😞
@@Jasuta123 I'm on ODSP social support for disability and I live exclusively on the foodbank shopping for all my food. It's been this way since the pandemic started. The government thinks this is adequate and hasn't increased disability rates since it took office in 2019. Prices, in general, have soared 10% in that time. A haircut went from $10 to $25 in my area for places like first choice haircutters.
@@Jasuta123 you shouldn't be eating chips anyway, lol. Kidding. Ya i noticed that too, when i was at the gas station looked over and saw the price of a bag of chips at $5.59 (before tax).
Same in oz.... red meat is now a luxury and cooking oil has more than doubled. If u are not stockin* up better do it now
I would never go to Starbucks and pay $4 for a coffe even in good times
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I THINK SHE IS THE BEST BROKER EVERYONE SHOULD BE PROUD OFF
Yes I'm also a living testimony of expert mrs ava.
Crypto currency and NFTs will outsmart the banking system in the nearest future serving as a global fiat. Already making over 85% money online with her.
@@mavelldenis307 Often times we just look for what to invest in and usually encounter this problem it's either the money is too huge for he/she have to invest or it could required more than expected. Cheers!!
@@kevinbrian9332 People are scared of investing because of the high rate of scammers.
@@Vivian-vp9ft I'm from Indiana i have been an investor with ava in cryptocurrency for over 4years now.
In hindsight, using a railway is far more effective for long distances, but low diesel has made it possible to drive with trucks all over Europe. Time to rethink rails role.
good point
Totally agree. I think it's time to expand rail networks big time. Also invest heavily in solar and wind, maybe consider running nuclear plants a little bit longer in Germany. That would give the european economy some relief as well as make the infrastructure more resilient to many kinds of global events.
We need an economic crisis to come to this conclusion?
Waterways are even cheaper mode of transportation. Before railways, they used to dig channels.
@@peter-klausnikolaus4823 Germany needs to rethink it's fear of nuclear generally. There's much safer reactors now, and with modular reactors the cost is lower too.
What happens is that people get mad
Yeah. You know what happens next?
Nothing.
@Petro Petrovich hey look it's Mr. Potatohead.
People always say "at least inflation inflates away your debts". That's only if your income rises commensurately.
Savings would reduce at the same pace, so one can't fund debt if income remains still.
Not for the government
that's only true if you don't have saving or u put all your savings on cash.
It does at the moment but surely interest rates follow. Borrow on fixed rates now.
what income
Of course energy producers cannot lower their record profits to help the world. Investors have to be kept happy and they are the only ones that matter in the entire world.
lol.....lower profits ?????? come on !!!!!!!
When supply is limited, reducing the price will simply lead to blackouts. Either that, or strict rationing is required.
A windfall tax is a much better idea. High prices up front still reduce demand and drive the economy to alternatives. A windfall tax can be returned to the lowest income bracket so that those who can't afford can. You can't rebate more than a small part of the population otherwise demand is only further increased on limited supply. You need high prices to change economic behaviour. That works in countries that have producers headquartered in them or producers operating in them.
I’m so grateful to have DW news. I’m in the US and no longer trust any of our media. I don’t speak German, so this English news available from Germany is precious to me. I also watch Canadian news channels.
It is better than CNN, even the worthless BCC from UK may be better than CNN, but this one is not that far
I think it's a good thing to look at foreign media as well regardless of the place where you live.
@@dalogan7290 you need to get a water purifier with activated carbon. Too much lead in your water. The British Chamber of Commerce are not known for making programmes.
YOU can try to Al Jazeera,French News,BBC,for example as well.Gretings.
@@tomekjaglinski2123 lol Al Jazeera used to be good, but is now fully pro-Arab, pro-OIC and was already funded and controlled by Qatar monarchy..
Its ok it only effects the poorer people
Not really.
It surely doesn't affect the politicians of the EU that brought that mess upon us.
@@relaxingsounds6168 well....it does.
They still eat food at inflated prices and heat ther mansions at Inflated prices..so
.yea...It does also affect the rich
@@iainduncan0303 True, but it will not take tong before they vote to increase their own salaries. Also, a lot of their expenses are covered directly from the EU.
When prices of an essential good increases other goods also their prices increases...transmission companies ( which majority of these companies form USA..) gains more benefits during these crisis)...it's not increase in production countries, in the world especially in Europe countries inflation bad effectiveness mixed with Ukraine-Russian war
@@dalton6108 there are differences between ordinary citizens of USA.. & weapon producer companies _ oil & gas companies exporters .( my love- respectful 🙏. For US citizens..surprised of US technology, science evolution and progression) don't mixed between ordinary citizens & specific company's whose they gains huge amounts of benefits which colored by innocence victims blood & tears in UKRAINE 🇺🇦..also I excoraite Russian aggressions against Ukraine 🇺🇦, ( its war between USA & Russia 🇷🇺..)
1:41 inflation
1:58 stagflation
2:18 Oil embargo 1973
Who had stagflation in April for disaster bingo 2022?
2nd term of Jimmy Carter
"out of control' is relative; a lot of service (i.e: ESSENTIAL) workers are barely going to be able to commute to work or cover rent and food increases....meanwhile, nothing could be better for the 1%
A recession is coming. Oil futures are down.
I'd say inflation is bad for the 1% as well. It's just that their assets inflate usually to compensate for it. But they may not with equity markets acting the way they are.
@@andrewmccoll1582 the difference is the 1 percent talks about loss of assests, the rest loss of food, warmth or housing.
@@andrewmccoll1582 sound ''really'' bad.
@@andrewmccoll1582 Historically the 1% get richer with high inflation.
That opening was like a news scene in a disaster movie.
if producers don't take most of price hike within there organization like cutting back on execs salary and dividends then stagflation is a certain. If people can't buy what will you sell?
They will still sell, price will rise as people need stuff but cant afford, then... crime will rise, government will try to control price but still everything will hit the people at the bottom of the chain
Profit margin for groceries suppliers is actually very thin, around 5-10%. This is not Apple who can make 70% profit margin on iPhone.
@@rrsharizam guess we doomed then
This is a sharing crises. Ppl don’t know how to share anymore. It’s just gimmie gimmie gimmie take take take.
What about major economies like brazil, indonesia, india, china, japan, Australia etc.?
Brazil, Indonesia, Australia and other natural resources (mining, oil, food…) countries should do well since those things are more necessities that will rise in prices as inflation stays high.
China is expected to grow 5% this year
And Russia.
China, Indonesia, Japan, Brazil are doing fine. India and australia not so much.
They don't care. The most important part is that they want every country to be a part of the war that's not theirs.
Same as always in many countries. USA has been doing the stagflation dance since Ronald Reagan. Living standards going down for decades. The rich get richer and the poor get poorer. Nothing trickling down except debt and homelessness. 21st century oligarchs are getting better and better at cashing in on conflict, no matter how many dead bodies they leave behind.
In fact.... War is how they the MIC and bankers channeling the tax money to their pocket.
Well, USSR collapsed. And since there is no competing system anymore, there is no strong incentive to improve living standards of workers in US. Middle class is a relic of Cold War.
You don't know what you are talking about - during Reagan real GDP (which accounts for inflation) was going up 3-4% average yearly, same with under Clinton, only during J. Bush the US economy started to drop to 2% real GDP per year and all the QE and government programs mainly did benefit the stock market and the rich. With that being said, it's completely false to claim any of this was "stagnation" - 3-4% GDP growth is good growth rate for developed country, 2% - not so much.
Finally talking about serious issue .
stop the traders pushing up the price!!!!! Lots of paper buying and selling without actually having any oil in hands.
Lol at financially illiterate people
Didn't the barrel price droped quite significantly already? Why are then the gas prices stil high?
In a side note record profits for the oil and gas companies!
No sanctions, no crisis. Simple reason
If you think about the energy economy of the 1970s at the beginning versus the end you can see a major transformation - more efficient cars, lots of nuclear energy got built, etc. Maybe the 2020s will see a similar shift to energy sources that don’t have such wild swings or geopolitical risks.
SO, Germany will buy Russian oil and trade more with China.. China is biggest market for Mercedes and BMW... Then make a video blaming other democracies like India on how bad they are...
2008 will look like a teaser for the real movie...
Oil price in India is increased 7-8% after Ukraine- Russia war.
Sunflower oil bcm costly.
Other commadities are as usual,
Vegetables are too economical.
Fruit prices are more in Malls & less in traditional Carts.
Feb is BEfore THE WAR starts.....
Venezuela will be coming online this year.
Iran too will come online.
By November, oil will be well below $100.
First Venezuela need to invest on broken down oil refineries and extractor with money they dont have. Then get back qualified workforce and then work on their corruption system. By the time they do that few will have passed already....and there might be be need for their oil in great quantities anymore.
What I don’t understand is why the US an oil producing country pays $6 a gallon at the pump but in China an oil importing nation is paying $5 a gallon at the pump.
Revolutions incoming 🔥
High inflation in Europe and US maybe (also due to money-printing), but not in Asian countries lol.
Money printing is main reason for inflation before war. Western economies are going down because of corona virus epidemics, and war is a good excuse.
Meanwhile Denmark have so much excess offshore wind generation they plan on having a 4-6 Gw hydrolysis capacity by 2030.
We have plenty of energy. The problem is that energy is set globally. Nevertheless, the USA has really dramatically increased its share of renewables in the past half decade or so. Well, China has the same problem, though...
Record prices, Record profits, hmm whats wrong with this picture? No Regulations, now there's something to protest
People did not expose sanctions
People need to reduce overconsumption; don't purchase unnecessary goods. US corporations have been price gouging; look @ their profit margin.
Europe got hit on both energy and wheat. Economic outlook is terrible.
Stagflation =Purchase Gold & Commodities
Oil prices follow futures and futures are down. Investors are predicting a pretty solid recession.
@@TheBandit7613 but supposedly commodities (and gold) does better in stagflation.
@@johnl.7754 I don't think this is going to be stagflation. Oil futures are down and (last time I looked) gold was down.
Both oil and gold markets are manipulated.
But I'm still smelling a healthy recession.
I'm going back to 2007 for this. Oil prices climbed fast. Most people by gas to so what they have to do, go to work, ect. People are back to buying big pickups ect. Filling those tanks just went from $70 to $180.
They'll stop going out to eat, ect. Spending is going down except for necessities. That's what happened in 07 & 08.
I think investors are thinking the same thing.
Recession.
@@TheBandit7613 So what are you invested in? I have some high dividend stocks and gold/commodities. From what the Fed has been doing I don’t think that he will raise interest rates too high because too high debt levels by government and companies so will allow inflation remain higher then before.
if the rich aren't getting richer the average person will feel it
take public transportation, walk ride your bike, boycott gasoline unless really necessary .
I am afraid, this is only the beginning!
low and middle class suffer, to answer your question.. the class war continues.
So our economy didn't work after all...
Self inflicted wounds
nothing a war won't fix
This is what happens when you shut down your economies. Time to pay the bill.
Yes, exhilarating isn't it....!!
The coming recession will cancel out inflation. Oil futures are dropping as investors know a recession is all but imminent.
With (almost) any economic questions, the answer is:
the rich get richer and the poor get poorer.
Record profits - share buy-backs - huge dividends - vast CEO pay. I see some room for maneovre.
All the printed money settles out in the rich, who buy assets, mortgage those assets at 0% interest, and buy more assets.
All because of one adamant.
They can increase interest rates... ofcourse they wont
It's already happening in Thailand.
you know how their junta government fix it ?
I don’t agree with the war but wasn’t price rising happening before it even started?
+1
Fix it. Stop assigning blame and FIX IT!
Going outta business sales
what a gorgeous anchor
Answer: REVOLUTION!!!
Canada could help but we have bad reputation for green energy and other country from EU can be jalous and start to fight against.
interesting
$300 a barrel 😂🤫
Only barter is the currency which is Righteous
It's called Stagflation.
They can. Stagflation is due to energy is expensive. They need to build more energy generation, like renewables and nuclear.
This is all by design. Turn off fossil fuels is the goal, high prices is what it looks like.
@@stapleman007 Tbh buying foreign oil and gas is not really desirable. Loads of cash leaving to dictatorships hurting European economies. Better to be energy self sufficient
under these conditions.... THE GROTESQUELY WEALTHY ACCUMULATE + CELEBRATE!!!
bring back the gold standard
It happens when money are directed away from smart and competent people.
You can put tons of money in education. If there is not enough motivation that comes from better opportunities and perspectives it is for nothing.
Innovation in europe is too low. Engineers, programmers, medics, scientists with experience should have at least 20k eur per month, they should do the real money but it is not the case. The big money are done by those who own buildings and bring zero inovation => stagnatiooon
Can someone tell me it is war or sanction that causes the inflation?
more directly sanctions, also uncertainty about sanctions (countries stopped buying from russia from fear of themselves being later sanctioned or the deals not getting through dur to new sanctions, etc)
Artificially low interest rates are the cause of the economic problems.
please choose focus Ukraine vs Russia or Europe vs the energy crisis?
Stop the sanction please
Welcome to the 1970s, the era of stagflation
Yeah... when years ago we said "giving so much credit to everybody, it's not ok". Now you all gona see why. People never learn, some people are going to get really rich. The others are going to blame the system and forget their reckless spending of credit cards.
well. at least a drop in GDP means a drop in carbon emissions. unfortunately -3.2% wouldn't nearly be enough to keep our paris commitments.
I think we have more things to worry about than Global Warming
@@garrysmith1029 IKR
😂😂😂 no because now Germany along with many European countries have started using their coal power plants 🤦😂😂😂😂 so it will only increase more so....goodluck with that
I think mass murders and massacares also means long time drop in carbon emissions,
@@mounishvishnujai5318 Greta will cwy hahaha
In Houston we paying 3.89$per gallon it was 4$ like 3 days ago
Cheaper then where I'm at it's $3.999
Well it’s $5-$6 in California
Oil prices follow futures and futures are down. Investors are predicting a pretty solid recession.
@@Kalle_Anka it'll go much higher once those reserves run out and winter comes back around.
And it was $2 before the wet sock puppet collected 81 million ballots by any means necessary.
keine Dating-Politik zu Hause
Who wouldve tought that all that money printing would have consequences
Yes, $$$ have gone up, the problem is once we’re on renewables and war is over, prices won’t go down
Just like self-scanners were supposed to lower prices in grocery stores, but didn’t. Weird huh
Soon, you will find people start panic buying of food and stealing of Gas....internal crime rate will also rise...when one gets poorer and poorer , it forces them to resort to crime to survive.....when Germany remove Russian oil and Qatar pull out from the Gas and Oil deal, then it will be disastrous
Maybe not so lucky, with sanctions against Russia ??
Maybe in 2024 but for 2023 was the other way.
「目標を指定してお金が必要」、
Global issue but no one concern about it because just common people suffer...
The problem is not prices growing its the currency inflating, state borrowing and spending causes this and you voted for it. Yes some raw materials have increased, like oil, but even in this case the State created dependency on Russian oil, you voted for this too.
Shipping companies paid eye watering Bonuses to its workers; 10 to 40 months worth .
Its soo skewed the principle of capitalism..
Lmao
5 months later: US in recession, EU grows
Maybe in 2024 but for 2023 was the other way.
"Inflation is not completely out of control," because after 14 years of near 0% interest rates and with real estate prices still skyrocketing, soon the homeless population will increase 10-fold; and homelessness leads to joblessness, and no income leads to non-existent consumer demand, and since consumer spending is what usually lifts the economy out of a slump, we are undoubtedly headed for the worst stagflation ever on earth. The only thing that can save the world now is a return to a metal-standard to back the currency, which in turn leads to more stable interest rate environments. When there are no throttles on interest rates and no restrictions on price-gouging throat holds, as currently dominates the world economy, people will soon be starving on the streets and dying of exposure and dehydration brought on by unaffordable and unavailable water and food. Good Samaritans abound, but only moralism will save the world.
Inflation is not all that high, in the grand scheme of things. It is higher than what we are used to in this country. But still, it is not hyperinflation. There have already been rate hikes. BTW, during the Trump Administration, interest rates were quite noticeably higher than 0%. In fact, they were typically around 2%. That's not high, but it is not "near 0%" either. Yes, real estate prices are skyrocketing in many places, but there has been way too little construction for prolonged periods because of horrendous zoning regulations among other things. Vacancy rates are quite low. Nevertheless, interest rates should help. Metal standards are pretty useless. Demand fluctuates so wildly, and many of these metals aren't even all that useful anyway.
Even with an inflation rate of 5.1%, Europe is still the richest part of the world.
Europe are poor of natural resources. Thats you keep downplaying food and call themselves 1st world for manufacturing
Lol...
EU is the biggest loser in this russia Ukraine crisis.
And USA is the winner.. thats the price for playing along with the american game
Same was said for COVID... 🌎 Fought back...
😂😂😂
Rich gets richer and poor get poorer. That is what happens.
It's ok will have nothing we are happy..we want you happy too....
Lol
😥😓
Where are the stats from Africa?????
Thus we see the downside of global capitalism. Basic necessities like housing, food and energy are commodities that fluctuate based on investors, the market, or any change anywhere in the world. The average person deals with the fallout and the corporate execs just make more $$$. Maybe we should find a way to make certain things protected from market fluctuations for the sake of everyone? Maybe not make literally everything a part of the endless cycle of greed and desire for endless profit in an unsustainable system that demands infinite growth? Necessities really need to be more stable and accessible. I know. Totally wishful thinking.
East Germany was tried already. Declaring something a human right doesn't make it immune to scarcity.
This would be true regardless of the system, from feudalism to communism to capitalism. Economics, the scarcity of resources, and the tradeoffs/decisions we must make regarding limited resources - none of that changes.
@@wlee9888 are you genuinely oblivious to the impact of technology and global economy?
What happens when there's an abundance of resources do corporations become less greedy? Or what happens when prices fall during a recession?
As opposed to Communism, where there is no growth to begin with.
Lessons from 1970s forgotten. Conservation barely mentioned anymore just more production of energy. Europe has made more progress on reducing energy waste and developing alternatives. Let Russia, Saudi Arabia drink their own oil.
Answer to the question : war starts
it's the same when you corner an animal .. the end
Maybe Humans should have supported other Humans rather than creating religious delusions?
Germany, with strong industry and not heavily dependent on service sector, is better positioned for stagnation compared to nations that rely on service sector. They may expect demands for rebuilding infrastructures in east Ukraine after the war be stabilized. Again, Russia is the winner; the industry will go into hyper growth for rebuilding west Ukraine. People in Ukraine may think what options they have for the future.
Goodbye euro, goodbye EU. Now we will all see and feel why the concept doesn't work. Countries need to have their own currencies so they can devalue their own currency, become more self sufficient, at best buy local, and drastically reduce imports. This would reduce fuel consumption, reduce pollution, and reduce inflation. This does not fit to the green agenda or the World Economic Forum's vision. Good!! A better vision is to split up the EU, and countries CO-OPERATE with each other because of genuine good will, not because they get fined if they don't do what they are told. That's the great reset we need!!