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US is taming the inflation but globally it’s just starting

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i wonder if this is the beginning of a divergence between the US and other countries, or just a lag in reporting for the UK.

as an anecdote, canada’s inflation dipped in july just like inflation in the US… will be interesting to watch the next few months unfold.

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Once India crosses the 10% CPI threshold (likely soon), over 3 billion people will be living in double digit inflation across the world. And those are the "official" numbers. The Fiat affinity scam is absolutely devastating to the poor and middle class.

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Bread and milk prices soar
The people will let out a roar
When it comes to money, we don't need more,
Fixed supply is better, especially for the poor

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Germans might be ducked. But island monkeys shot in their own feet even harder.

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Did UK shutdown their power plants like Germany did? It appears both Germany and UK remain energy exporters right now:

France exported 16.4 terawatt-hours of power in the first half of the year, almost half the 30.9 terawatt-hours it exported during the same period last year, according to EnAppSys data. France’s nuclear reactors were operating at 50% of capacity on Wednesday, same level as Tuesday, according to Bloomberg calculations using data from grid operator RTE.

Both Germany and the UK increased net exports of power during the same period, mostly responding to the demand from France. Power prices in Germany and France have surged to records in recent days. The UK has identified a reduction in exports from France as a key driver of security of supply this winter.
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Will any brit ask any questions? Nope, of course not. We blame Russia

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Let them eat cake.

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Milk!
In the Netherlands I've noticed my supermarket has problems stocking their dairy products. I've never seen this before. Maybe it's still due to some farmer blockades. Otherwise issues too here. Higher prices if shortages remain.

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