Post
Topic
Board Economics
Re: The Taste of an Economic Downturn
by
lionheart78
on 01/01/2023, 18:56:31 UTC
I wonder how ordinary people around the world felt the worsening economic situation in their respective countries. I know that although many are very much aware of the soaring inflation, nothing has changed much in their day to day lives. I can observe that in some families. They seem oblivious of how the prices of basic goods and services are rising in double digits.

It is quite frustrating and at the same time worrying.  As the sole earner of the family, I am worried that my salary isn't enough for our basic needs due to the price hike.  We used to be able to save some money but now even our savings had been touched because of this price increase.

Inflation is soaring and we will feel the consequences soon.
Using the moneyprinter very liberal always results in peoples hard earned money losing its value  Sad basicly people in power
take what they did not earn.

We already feel the consequences, the value of our money and its purchase power is already in a decline. 

Where do you live and what kind of giant secret recipe golden plated onions are those?

I also wonder where the price of onions is so high, and I guess it could be somewhere in Asia considering that the price for the Philippines (September 2022) shows $6.74 per kilo. It seems that for some reason the price of red onions in the Philippines is skyrocketing, and whether it's because they didn't produce enough or they have import problems is still unknown.

I also could'nt remove the possibility of some merchants hoarding the item to inflate its price.