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Rising Inflation

Discussion in 'General Chat' started by worldir, May 2, 2008.

  1. #1
    Everything from food, basic neccessarity, transport, electric and water bills are rising rapidly.... seem like apart to shifting back to countryside (plant own vegetable, rear chicken etc) or take a second job in the city, life will be harder and tougher

    :mad: :mad: :mad:
     
    worldir, May 2, 2008 IP
  2. cchetanonline

    cchetanonline Banned

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    #2
    yeah
    Even in India Govn. is trying to lowered the Inflation
    and i think they are succeeding a bit
     
    cchetanonline, May 2, 2008 IP
  3. worldir

    worldir Peon

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    #3
    let pray HEDGE fund get out of commodities play and dont disturb the oil, wheat, rice future pricing

    :mad: :mad: :mad:
     
    worldir, May 6, 2008 IP
  4. rsrikanth05

    rsrikanth05 Well-Known Member

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    #4
    The Indain economy is rising. The dolllar is losing value.
    The cost of daily essentials is going up.
     
    rsrikanth05, May 6, 2008 IP
  5. bogart

    bogart Notable Member

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    #5
    Now you can buy American goods cheaper :D
     
    bogart, May 6, 2008 IP
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  6. ahkip

    ahkip Prominent Member

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    #6
    the price different for computer is huge. A 24" dell monitor cost $499 here selling $649 in hong kong. If the shipping is not that high i would have start a business selling dell computer to HK already
     
    ahkip, May 6, 2008 IP
  7. bangalore

    bangalore Peon

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    #7
    That’s global problem that each government has to deal with.
     
    bangalore, May 6, 2008 IP
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  8. sachin410

    sachin410 Illustrious Member

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    #8
    the root cause of inflation is that humans are consuming natural resources very fast.

    the countries/individuals controlling natural resources are growing richer with each passing day and all others are getting poorer.

    the producers know that it is a seller's market and they are pushing up prices.

    Thailand was mulling over a rice-cartel, similar to the oil-cartel OPEC. fortunately, it is not going to happen now, but in future it may be reality.

    all countries that are not self-sufficient in food or energy, should start worrying about their future....:D.
     
    sachin410, May 6, 2008 IP
  9. sabmark

    sabmark Peon

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    #9
    sabmark, May 6, 2008 IP
  10. rsrikanth05

    rsrikanth05 Well-Known Member

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    #10
    That is a big problem in BPO.
    We are still paid the same amount in USD, but due to the low value, it converts to something else.
     
    rsrikanth05, May 6, 2008 IP
  11. worldir

    worldir Peon

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    #11
    dollar is dropping fast and furious causing commodities and oil price to surge extremely high...

    :( :( :(
     
    worldir, May 7, 2008 IP
  12. chtdatweb

    chtdatweb Well-Known Member

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    #12
    I tell you something it is most deffinatly a worrying time, at the moment the UK is getting through but if they announce that unemployment has risen were in big trouble!
     
    chtdatweb, May 7, 2008 IP
  13. bogart

    bogart Notable Member

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    #13
    Inflation is going to get worse. Oil is now at $122.
     
    bogart, May 7, 2008 IP
  14. sachin410

    sachin410 Illustrious Member

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    #14
    dollar drop is only a minor factor...

    crude oil has doubled since 2007 began...

    US$ has just fallen from 1.31 per Euro to 1.55 per Euro in the same period.

    It is pure case of sellers withholding supply to ramp up prices.

    Sellers know that now Asian biggies like India and China are competing with the west for oil demand.

    The Asian demand is steadily going up and thus the suppliers want a better price for their oil.

    Same is the case with food and other minerals like iron ore, coal etc.

    Other factors like liquidity injection by central banks and diversion of funds from equities to commodities are, also responsible for this inflation.
     
    sachin410, May 7, 2008 IP
  15. worldir

    worldir Peon

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    #15
    seem like the World population expect more price increase from food items based on supply and demand factors as mentioned by Jim Rogers

    :eek: :eek: :eek:
     
    worldir, May 9, 2008 IP
  16. wisdomtool

    wisdomtool Moderator Staff

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    #16
    American goods? American goods are now Made in China :)

     
    wisdomtool, May 9, 2008 IP
  17. w3bmaster

    w3bmaster Notable Member

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    #17
    Hope the fall of the $ won't go very low becouse this is bad news ...
     
    w3bmaster, May 9, 2008 IP
  18. atoztoa

    atoztoa Well-Known Member

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    #18
    I heard the news that Oil touched $125 per barrel mark on NYME :eek:
     
    atoztoa, May 9, 2008 IP
  19. web_hunk

    web_hunk Peon

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    #19
    I completely agree!

    And if one shifts to countryside, life would be more peaceful! :)
     
    web_hunk, May 9, 2008 IP
  20. makelanguages

    makelanguages Peon

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    #20
    this is scary, once oil goes up everything goes up.. this is not good, i hope they raise the minimum wage for the workers
     
    makelanguages, May 9, 2008 IP