I was only just talking about what seemed like the good old 80s, when money seemed to ooze out of everywhere, they seemed good times but of course, when it all corrected, it came as a hammer blow. We could be headed there again.
Its all so interwoven, everyone wants more money to cope with the pressures but that just adds to the pressure longer term. I believe there is a big element of 'profiteering' under the shadow of inflation and yet as some businesses increase wages to retain or attract the right people, that cost has to be passed on. My grandaughter (16) is earning nearly £13 hr part time (it is a responsible job tbf), she's happy, who wouldnt be but that cost has to go somewhere.
Given China has hopefully stopped much of the ghost city building, i'd have hoped raw materials would slip in demand and therefor price. the building trade in this country appears to be chock a block with work, again, driving up demand, i'm sure its similar in many countries.
Seems to me, the only recourse for many people is to pull their horns in and sit it out, that will reduce demand and eventually, prices may fall.
It all needs a big correction, so much demand, it has to fall before much happens.
