...if you think cost of living issue is a domestic issue, think again.
...in free market economy, no Govt nor party can stop market forces from curbing rise in inflation, the only way to stop it is to force a recession, even then you could still have stagflation.
...the way to beat inflation is to curb spending on non-necessities and consume less, less demand drives prices lower.
...but how can inflation be beaten when the upper middle class benefit from higher stock prices continue to consume and perhaps consume even more, when those who don't benefit from asset price rises suffer disproportionately from rising prices.
...hence the spectre of the K economy.
Egg prices are outperforming your favorite technology stocks, now up +700% since January 2024.
