Aug 01, 2022
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Although Japan's inflation rate was only 2% in April, it was the highest in seven years. In terms of individual items, due to the rise in crude oil prices, Japan's energy prices surged by 19.1% in April compared with the same month last year, among which gasoline prices soared 15.7%, electricity bills soared 21.0%; meal bills after deducting fresh food also rose 2.6% from the same month last year. Driven by the surge in energy and food prices, the energy self-sufficiency rate is almost 100%, and even the United States, which has recently exported to Europe for emergency, the consumer price index (CPI, the basis for calculating the inflation rate) in May also increased by 8.6% year-on-year. The increase was the highest since December 1981, with energy prices up 34.6% in a year and gasoline prices soaring nearly 50%. In terms of food, the price of eggs rose by 32.2%, beef, pork, poultry and fish rose by 14.2%, dairy products rose by 11.8%, and even whatsapp list the 30-year mortgage interest rate rose to 5.27% (3.11% in December last year). Overall, consensus is expected to see 9% soon in the near future, so U.S. economists generally predict that the Federal Reserve (Fed) may raise interest rates by 2 yards each at its June and July meetings. Suffering from inflation, and looking back at our own country, what warning signs can we get? How should the government respond? Don't underestimate China's determination and preparation to invade Taiwan by force First and foremost, Russia’s war of aggression against Ukraine has reached a stalemate, which has made democratic countries more united with a sense of crisis. Therefore, many people think that it is enough for China to learn from it and not dare to invade Taiwan lightly. But this view is not only a lack of understanding of the Chinese Communist Party, but also neglects that the aforementioned economic sanctions against Russia are not only not strictly enforced, and even in the energy sector, because of the inability to quickly cut off dependence on Russia, economic sanctions are difficult to Russia. Effective. Taking Germany, which has made great achievements in actively developing renewable energy (accounting for nearly 50%), as an example, it is still highly dependent on Russia's energy supply.