mollwollfumble said:
Are prices going to drop again?
Or are these price hikes permanent?
Everything is going to get more expensive, and stay more expensive.
The world is entering into a period of de-globalisation. Decoupling from China started a couple of years ago under the Trump Administration. The trade war between the US and China, and the US bans on the export of certain high tech goods to China and on the operations of some Chinese companies has sent many multinationals scrambling to leave China. The made in China and sold in the USA model is being broken down, especially for high tech goods. Much blame rests with the CCP and their propensity for being cunts.
Then Covid came along a stuffed things up even more. Certain industries (tourism) collapsed, some where so overwhelmed with a sudden surge in demand from all the stay home/work from home people that they couldn’t keep up (building products, timber, furniture).
Then there is the chip shortage. Several other reasons contribute to that on top of the US blocking sales of technical equipment to China. Everything uses chips these days.
Then there is war in Ukraine.
Then there is a big collapse going on in China as a result of their delayed Covid wave and their strict adherence to Zero-Covid. They don’t have vaccines that work so they are stuffed either way. The Chinese housing market was looking shaky already, and now seems to be in free-fall. It is going to be a hard landing in China. But at the moment they are struggling to export anything anyway with all their lockdowns of whole cities, factories are shut, delivery drivers can’t enter or leave the cities to deliver goods. Supply chains out of China are collapsing.