Australian (ASX) Stock Market Forum

Inflation

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over9k said:
View attachment 143583

SUPPLY SIDE
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so who started that economic warfare ?? ( hint start researching circa 2014 )

and guess what , Russia still has plenty of gas left in the tank ( puns intended )

second hint the EU is NOT united ( you have the Basque regions and Cyprus as two stand-out examples , and you could add Northern Ireland as a bonus choice )
 
T
divs4ever said:
sorry the Russians have started grains ( and sunflower oil ) for rubles as well , might be back to French cuisine for the whole of Europe
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Yes interestingly there are already calls from the UN world food programme to ease sanctions on Russia in exchange for grain so that nations dependent on these exports don't starve (Middle East spring anyone?)
 
waterbottle said:
Yes interestingly there are already calls from the UN world food programme to ease sanctions on Russia in exchange for grain so that nations dependent on these exports don't starve (Middle East spring anyone?)
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Where did you see that?

The G7 are of a different opinion

G7 Statement on Global Food Security, Elmau, 28 June 2022

  1. We commit.....to global food security this year.
  2. We reiterate our urgent call upon Russia to, without condition, end its blockade of Ukrainian Black Sea ports, destruction of key port and transport infrastructure, grain silos and terminals, illegal appropriation by Russia of agricultural commodities and equipment in Ukraine and all other activities that further impede Ukrainian food production and exports. These can only be assessed as a geopolitically motivated attack on global food security. We will step up our efforts to help Ukraine to keep producing agricultural products in view of the next harvest season and commit to supporting Ukrainian farmers in gaining access to essential agricultural inputs and veterinary medicines. We are strongly supporting Ukraine in resuming its agricultural exports to world markets, as well as UN efforts to unlock a safe maritime corridor through the Black Sea. Additionally, we will step up our efforts to establish alternative routes building on the already implemented EU “Solidarity Lanes” initiative. Working with relevant agencies and partners we will collaborate to identify the provenance of grain imports, with the aim of identifying illegally seized Ukrainian products and deterring Russia from continuing its illegal seizures. We further call on Russia to lift its measures that hinder the export of Russian grain and fertilisers.
  3. We will continue to ensure that our sanctions packages are not targeting food and allow for the free flow of agricultural products, including from Russia, and the delivery of humanitarian assistance.
  4. We commit to sustainably increase the availability of agricultural products including through strengthening agricultural productivity particularly in the most affected countries to build their resilience and support domestic production. We will strive to address fertiliser shortages by supporting more efficient and targeted usage, temporarily increasing local and global production as appropriate, and promoting alternatives to inorganic fertiliser. As a short-term relief, we call on those partners with large food stockpiles as well as on the private sector to make food available without distorting the markets, including by supporting the World Food Programme´s purchase strategy. We call on all countries to avoid excessive stockpiling of food which can lead to further price increases. We will continue to address food loss and waste and the promotion of balanced and healthy diets. We support the initiative carried out by the International Fund for Agricultural Development (IFAD), in coordination with the African Union (AU), to design a strategic investment plan to accelerate development of value chains essential for Africa’s food resilience.
  5. We stand by our commitment to keep our food and agricultural markets open and call on all partners to avoid unjustified restrictive trade measures that increase market volatility and thus the risk of food insecurity. We welcome the Ministerial Declaration on the emergency response to food insecurity adopted at the 12th Ministerial Conference of the World Trade Organisation (WTO), and fully support its decision to exempt non-commercial humanitarian purchases of foodstuffs by the World Food Programme (WFP) from export prohibitions or restrictions. We commit to strengthen our support to the G20 Agricultural Market Information System (AMIS), including by providing additional financial resources as well as timely data and transparent information and ask all AMIS members to do so, too. We encourage AMIS to also monitor input markets more closely. We will fight against any speculative behaviour that endangers food security or access to nutritious food for vulnerable countries or populations.
  6. We will ensure that our response to the current challenges also strengthens the longterm resilience and sustainability of agriculture and food systems, in alignment with the Sustainable Development Goals, the Paris Agreement and Glasgow Pact, the Convention to Combat Desertification and the Convention on Biological Diversity, including via increasing our support to smallholder farmers. In this context, we support the crucial work of all relevant multilateral organisations, including the Rome-based agencies WFP, Food and Agriculture Organisation (FAO) and IFAD as well as the Committee on World Food Security (CFS), the WTO and international financial institutions. We welcome the planned actions for global food crisis response announced by the World Bank Group as well as the International Financial Insitution Action Plan to Address Food Insecurity. We commit to continued engagement with and support for the UN Food Systems Summit’s objectives, and encourage all partners to support or join the Zero Hunger Coalition. We support country- and region-led plans and solutions to address food insecurity, building on the work of the AU’s 2022 Year of Nutrition. We also commit to scaling up essential nutrition services in countries with the highest burden of malnutrition.
  7. We invite all partners – including governments, international organisations, global and regional initiatives, research institutions, civil society, the private sector and philanthropy – to unite with us in our endeavour to ensure global food security and to support the Global Alliance for Food Security.

reliefweb.int

G7 Statement on Global Food Security, Elmau, 28 June 2022 - World

News and Press Release in English on World and 1 other country about Food and Nutrition and Epidemic; published on 28 Jun 2022 by EU, Govt. Canada and 7count other organizations
reliefweb.int reliefweb.int
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2345235234532456.jpg

Accurate. Bounce in oil price and then a levelling out = bounce in interest rates before a levelling out and/or drop.

Remember that inflation is only compared to the year prior. 20% inflation in one year and then a levelling out would mean 0% the next year. Broken system but it is what it is.
 
waterbottle said:
T


Yes interestingly there are already calls from the UN world food programme to ease sanctions on Russia in exchange for grain so that nations dependent on these exports don't starve (Middle East spring anyone?)
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Russia has already had a meeting with an African delegation ( apparently cordial ) however Europe can now pay in rubles ( i still think they should offer a gold payment option )
 
AUD getting smashed. Euro markets dumping hard following PMI release. US markets shaping up to be heading in the same direction.

Corporate earnings aren't even out yet... ??

I'll be watching BTC action. Seems to be the leading the markets when risk gets dumped.
 
I'm noticing the word "strike" is starting to appear in the news rather often....

Oil and gas on strike in Norway: https://edition.cnn.com/2022/07/05/...rope-energy-crisis?utm_source=business_ribbon

Garbage collection in Adelaide: https://bigrigs.com.au/index.php/20...vers-to-strike-for-better-pay-and-scheduling/

Train strikes in Sydney: https://www.news.com.au/national/ns...d/news-story/bb0cfb3bc88f7ae59f9fa1d792e606eb

Train strikes in the UK recently too: https://www.bbc.com/news/business-61634959

Welcome to the 1970's :2twocents
 
Smurf1976 said:
I'm noticing the word "strike" is starting to appear in the news rather often....

Oil and gas on strike in Norway: https://edition.cnn.com/2022/07/05/...rope-energy-crisis?utm_source=business_ribbon

Garbage collection in Adelaide: https://bigrigs.com.au/index.php/20...vers-to-strike-for-better-pay-and-scheduling/

Train strikes in Sydney: https://www.news.com.au/national/ns...d/news-story/bb0cfb3bc88f7ae59f9fa1d792e606eb

Train strikes in the UK recently too: https://www.bbc.com/news/business-61634959

Welcome to the 1970's :2twocents
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Sad about what's coming, not your posting @Smurf1976.
And danish cheese will get dearesr.. Danemark now forcing its farms to close. I see that as another step into the Reset but it is to reduce nitrogen pollution...herds have to halve..if they say so...
Tell that to Sri Lankans
 

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