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I agree with what you said even tho in jest LOL. And I'd even like to continue > and that milk has never been cheaper I am not sure about Milk but food prices
by Imustaskforhelp 8mo ago
I agree with what you said even tho in jest LOL. And I'd even like to continue
> and that milk has never been cheaper
I am not sure about Milk but food prices are going to be on the rise because fertilizer and energy are two key components and we are seeing energy prices rise but also, most fertilizer is made from LPG and other components within Middle east imported by rest of the world and Middle east is key supplier of Fertilizers.
So in a way, Food prices across the world are gonna rise due to this war as well and I think that Milk prices are also atleast dependent on the costs of food given to the dairy industry. So chances of that increasing very much directly being impacted by this war as well! I just wanted to point this out too.
Both Food and Energy crisis due to the Iran war are likely the most important factor in baseline inflation (iirc) and so baseline inflation is gonna be on the rise too which I am hearing from some people that this can increase interest rates as it puts even more inflatory pressure on the Fed's which can lead to a financial crisis.
Energy/Food crisis in 2007 lead to Inflation and then Interest rates hike which caused the housing bubble to burst.
And let's just say that the nature of American stock markets right now is on incredibly shakier grounds as well similar to 2007 and feels "bubbly"