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Capitalism: Inflation on valuable things
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  • In 1934, on the initiative of I.V. Stalin, it was decided to reduce retail prices by 35% compared to 1933. From 10/01/1935 prices for bread, flour, grain, pasta, cereals, rice, as well as for confectionery were reduced. In November, prices for meat were reduced by 35%.
    In 1937, prices for industrial consumer goods were reduced in the general trade network by 5-15%, in department stores - by 10-15%. In 1947 bread, flour and cereals fell in price by 10%. In 1948, Moskvich cars became more affordable by 10%. Motorcycles and bicycles have fallen in price by 20%.
    On March 1, 1950, a loaf of bread fell in price by 30%. Beef and pork prices fell 24%. Butter fell in price by 30%.
    After the war, gasoline became cheaper in the USSR on a regular basis. In 1951, the price per liter fell by 20%.

    Capitalists hate all this... With all their guts.

  • Prices for copper foil, accounting for the largest proportion of PCB production costs, have been rising significantly along with the galloping copper prices on the London Stock Exchange and a rapid surge in battery demand for consumer and automotive applications,

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  • New Cars

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  • Dell and HP, among the leading players in the global personal computer market, warn that laptop shortages may emerge in the coming months.

    The expected shortage in the global PC market is due to difficulties in the production of computer components, in particular, processors. HP says that the supply of computers and printers will be limited until at least the end of this year.

    Dell, in turn, notes that the observed picture will lead to higher prices for computers. The company warns that it may simply not be able to meet all orders for laptop shipments.

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  • Taiwanese PCB makers saw their combined first-quarter 2021 output value at their plants in Taiwan and China surge 26.7% on year to NT$173.4 billion (US$6.11 billion), a record high for the same quarter, according to statistics released by Taiwan Printed Circuit Association (TPCA).

  • According to Google Trends, searches for the word “inflation” hit the highest level since 2004 between May 9 and May 15. That’s as far back as the data goes.

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  • Prices of used vehicles sold at auctions around the US in May spiked by 4.6% from April, by 26% year-to-date, and by 45% from April 2019, according to the Used Vehicle Value Index released today by Manheim, the largest auto auction operator in the US and a unit of Cox Automotive.

  • Next chart looks dangerous for US economy

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  • Brazil's annual inflation rate was 8.1 percent last month, well above the central bank's target range of 2.25-5.25 percent.

    All resource colonies are now paying for US/EU and Japan monetary injections. And note -despite on big surges in resource prices salaries in colonies never follow them. All the extra money usually remain in the metropolies banks.

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  • A couple of weeks ago, Edgar Dworsky walked into a Stop & Shop grocery store in Somerville, Mass., like a detective entering a murder scene.

    He stepped into the cereal aisle, where he hoped to find the smoking gun. He scanned the shelves. Oh no, he thought. He was too late. The store had already replaced old General Mills cereal boxes — such as Cheerios and Cocoa Puffs — with newer ones. It was as though the suspect's fingerprints had been wiped clean.

    Then Dworsky headed toward the back of the store. Sure enough, old boxes of Cocoa Puffs and Apple Cinnamon Cheerios were stacked at the end of one of the aisles. He grabbed an old box of Cocoa Puffs and put it side by side with the new one. Aha! The tip he had received was right on the money. General Mills had downsized the contents of its "family size" boxes from 19.3 ounces to 18.1 ounces

    https://www.npr.org/sections/money/2021/07/06/1012409112/beware-of-shrinkflation-inflations-devious-cousin

  • Transport expenses

    In 2019, before the pandemic crisis, the cost of shipping a 40-foot container from China to Europe by sea ranged from $ 800 to $ 2,500. For the bulk of commodities such as textiles, pharmaceuticals or smartphones, ocean containers were clearly the best low-cost option for trade between Asia and Europe, despite the possibilities of railways. Today, with corona-related air travel declining by 50%, container ships are virtually the only long-haul option.

    Port-to-port spot rates, such as Shanghai, China's largest container port, to Los Angeles, have now skyrocketed from about $ 1,500 for a 40-foot container just before the WHO pandemic in early 2020 to $ 4,000 in September 2020 and to $ 9,631 for the week ending July 8, 2021, according to Drewry Supply Chain Advisors. This is more than 600% more than in early 2020, before the pandemic.

    It's not the worst yet. "We have heard reports of $ 15,000 from China to the West Coast and we know carriers are charging additional surcharges to give priority to late bookings over FAK [Freight All Kinds] regular shipments," Dr Drury said. From $ 1,500 to $ 15,000 in two years, that's a tenfold increase. And rates from Shanghai to Rotterdam also skyrocketed from less than $ 2,000 in early 2020 to over $ 12,000 in July, or 600%.

  • So this is one of the real mayor trouble economic world wide crisis.

    “The container crisis”. I’m exporting vegan meat like beyond meat and impossible burger products and the rise of containers is ruining several transactions for us.

  • Income dynamics

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  • Aluminum spot prices are up more than 30% on the London Metal Exchange this year. Buyers are paying an even higher premium over futures to obtain aluminum billets. Bloomberg shows in the chart below that combined price and premium for buyers in Europe now exceeds $3,750 a ton, the highest ever, taking out the highs in 2007-08.

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  • Invest in copper, will be the new oil sooner than later.