Normal
It will be interesting if we ever do get to that point where the price of Chinese good really begins to accelerate - not just a few dollars, but 5-10% as discussed above.. or beyond. This can surely only be the start.. As well all know - the cost of coal, and iron ore has skyrocketed in recent months. It must only be a matter of time before these raw goods prices have to be passed on in the finished product.The lowest common denominator for a long time has been cheap Chinese goods - driving out our own manufacturing industries, along with many others across the world. Most of these went years ago. There is not much to replace it.Whether it be a washing machine, clothes, or even just a basic item such a fork - people are so used to getting these basic items at bottom prices, it's been allowing them to spend money on larger ticket items such as property or new cars.Where does the RBA draws the line at interest rates? and when do things come back into equilibrium? People somehow think that inflation will one day suddenly come down, and so will interest rates - but it could be years until this point comes.
It will be interesting if we ever do get to that point where the price of Chinese good really begins to accelerate - not just a few dollars, but 5-10% as discussed above.. or beyond. This can surely only be the start.. As well all know - the cost of coal, and iron ore has skyrocketed in recent months. It must only be a matter of time before these raw goods prices have to be passed on in the finished product.
The lowest common denominator for a long time has been cheap Chinese goods - driving out our own manufacturing industries, along with many others across the world. Most of these went years ago. There is not much to replace it.
Whether it be a washing machine, clothes, or even just a basic item such a fork - people are so used to getting these basic items at bottom prices, it's been allowing them to spend money on larger ticket items such as property or new cars.
Where does the RBA draws the line at interest rates? and when do things come back into equilibrium? People somehow think that inflation will one day suddenly come down, and so will interest rates - but it could be years until this point comes.
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