"The government expects workers to shoulder the burden – while price spikes mean huge windfalls for some companies."

"A mentality that explains a lot about the economy, electoral politics, and human nature"

The article tells of a family in an enviable financial position just a few years ago, when real estate prices were soaring. They had a good income and their mountain of debt was easily managed as long as the value of the real estate backing _...Read More_

>"Pressure is piling up on Riksbank Governor Stefan Ingves to unwind the central bank’s ultra-loose policy as Sweden’s tight labor market and rising energy prices starts to translate into broader inflation."

What a mess the lira is in. They are now asking people to give them their gold too! I'm not sure I'd be giving up my gold. "Turkey’s minister of treasury and finance, Nureddin Nebati, also announced a step to encourage people to bring gold _...Read More_

>"Reaching for the tax-cutting playbook won’t solve Britain’s problems – the current crisis was a decade in the making before Covid"

Thanks for posting It's becoming clear there is a tangible rise in the cost of living in the UK developing and is likely to worsen over the coming months.

Stockton is out with preliminary results on its guaranteed-income program. Cash helps. It doesn't hurt the labor market. And it alleviates some of the toxic stress and anxiety lower-income families experience day in and day out.

"BoE monetary policy chief Ben Broadbent says pressures will include rise in energy price cap"

"American households are carrying record amounts of debt as home and auto prices surge, Covid infections continue to fall and people get out their credit cards again."

"Michele Bullock says high level of debt could pose risks to economy in event of shock to household incomes or sharp decline in housing prices"

"Government would rather protect households than prop up struggling companies, says industry source"

>"Berkshire Hathaway's Cort says shipments have been months behind schedule amid delays at ports and competition for products."

"Chinese households are borrowing to the hilt to invest in the country’s economic recovery, but growing debt is eating up disposal income that could otherwise be used to buy goods and services."

"House prices have been stronger than most had expected at the start of the pandemic, but can they continue rising?"