Why inflation is going to be a lot more persistent than people believe

[Sparktrader]

2 hours ago, placnx said:

There is an effect of climate change causing inflation because of droughts and shortfall in harvests, but also in finance banks are loath to finance fossil fuel projects, so now the supply of petroleum and natural gas is limited. The lack of follow on investment in existing fields is now compounded with the disruption of Russian supplies.

Policies caused the problem not cc. Bigger droughts happened in the past.

 

Just like covid policies cost billions not the virus.

 

Humans have always made bad decisions based on fear.

 

 

[Stocky]

35 minutes ago, Sparktrader said:

Not allowed to move 3bn people. Thing called immigration.

Yeah right!

 

That didn't go so well in Europe with refugees from Syria and Libya did it. But you're forgetting internal migration, projections for the USA have some 90 to 150 million people needing to relocate because of sea rise or drought by 2050.

 

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Edited August 23, 2022 by Stocky