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21st April 2008, 07:29 PM
#1
Senior Member
Platinum Hubber
Phenomenal Rising of Prices - # of hungry ones exceed 1 bn!
Of late, it looks like this is one of the topics focussed in Indian media. Many reasons are cited - inflation, salary increases, traders' usual pathukkal gimmicks, on-line trading (speculative pricing being one aspect) and why, even the use of ethanol for fuel in NA. We also read about the helplessness of political powers and often attempts to divert the attention of the public from where really the problem lies. Some politicians even went on record to state that increase in prices won't hurt if there's corresponding increase in wages as well
What are the facts? Are prices escalating? If so, what are the reasons and whether it's good or bad for the country's economy? Where it will lead to?
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21st April 2008 07:29 PM
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21st April 2008, 09:47 PM
#2
Senior Member
Diamond Hubber
It seems this is a global crisis ...Here in singapore 5 kg rice pack reached 10 dollors ,it was 5.50 dollors just 2 months ago
பாசமலருக்கு அழாதவன் மனுஷனாடே ! - சுயம்புலிங்கம்
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21st April 2008, 10:14 PM
#3
Senior Member
Platinum Hubber
One of the main drivers of inflation should be the increase of gasoline prices. It has increased from 38$ a barrel in 2004 to 102$/ barrel in 2008
Guys like PR can throw in more light into the issue
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21st April 2008, 11:26 PM
#4
Senior Member
Platinum Hubber
Obviously, gas prices is one important reason (as not only absolute transportation costs go up but also the spiralling effect).
With demand for gas in U.S. lower than previous year, what are the reasons for gas price going up? Are the sources drying off?
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24th April 2008, 10:25 AM
#5
Senior Member
Platinum Hubber
http://www.thehindubusinessline.com/...2450170800.htm
True economic costs of a war
Although this news is not directly related to the topic it does have some relevance
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24th April 2008, 07:30 PM
#6
Senior Member
Platinum Hubber
Excellent link, ajithfederer! War results in cost increases, no doubt about it. I think historically, the third reich was a product of the huge depression that Germany faced post-WW I.
The economy today I think is more global with many corporations having worldwide operations and banks too having lot of international dependencies. This may mean price increases worldwide, even though few countries are directly involved in the wars.
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24th April 2008, 10:24 PM
#7
Senior Member
Diamond Hubber
one of the reason for high food price is chinese people eating meat and driving car naan sollala innikku kaalaiyil oru news channel sollittu irunthaanga
Anbe Sivam
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24th April 2008, 11:12 PM
#8
Senior Member
Platinum Hubber
Nandri
Originally Posted by
app_engine
Excellent link, ajithfederer! .
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24th April 2008, 11:33 PM
#9
Senior Member
Senior Hubber
Originally Posted by
ajithfederer
http://www.thehindubusinessline.com/2008/04/24/stories/2008042450170800.htm
True economic costs of a war
Although this news is not directly related to the topic it does have some relevance
I think the next president has quite a nice surprise in wait. Talk about change - from euphoria to panic
A main reason for increasing food prices is the large scale conversion of food producing farm lands to bio-fuel producing lands. Global Research has a nice article about it:
http://globalresearch.ca/index.php?context=va&aid=6407
"Why do we need filmmaking equipment?"
"Because, Marcel, my sweet, we're going to make a film. Just for the Nazis."
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25th April 2008, 06:47 AM
#10
Senior Member
Veteran Hubber
Originally Posted by
crazy
one of the reason for high food price is chinese people eating meat and driving car
naan sollala innikku kaalaiyil oru news channel sollittu irunthaanga
Nalla joke!!!... Developed countriesla wastage-a kuraichaale paadhi prechnai solve aagidum...
“The real contest is always between what you've done and what you're capable of doing. You measure yourself against yourself and nobody else.” - Geoffrey Gaberino
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