Pork Hyperinflation Sends Chinese Consumer Prices Soaring Most In 7 Years

Source: https://www.zerohedge.com/economics/pork-hyperinflation-sends-chinese-consumer-prices-soaring-most-7-years
Published: Nov 9, 2019
Author: Tyler Durden
Post Date: 2019-11-09 16:18:45 by Horse
Views: 148

Here's why the PBOC is trapped and is unable to do anything to stimulate the Chinese, or global, economy.

Poster Comment:

China sold what pork they had stored in freezers to keep prices from rising too high during a national holiday. There is a world wide food shortage developing as we go into a period of Global Cooling. During the Maunder Minimum wheat prices rose 400% in the UK.

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#1: ghostdogtxn    To: Horse (#0)

ghostdogtxn posted on 2019-11-09 16:34:02   Reply   Private Reply

#2: BTP Holdings    To: ghostdogtxn (#1)

China’s pork shortage had to do with some kind of swine plague, didn’t it? Pretty dang convenient for the US that China just happens to be in desperate need of something we are trying to sell. Especially with a trade war going on.

I bet pork commands premium prices over there now. And if we are able to sell more pork to the Chinese prices here will also increase. The way things stand at the moment, pork is still relatively inexpensive compared to beef. ;)

BTP Holdings posted on 2019-11-09 19:50:20   Reply   Private Reply

#3: Lod    To: Horse (#0)

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Lod posted on 2019-11-09 21:56:18   Reply   Private Reply

#4: Horse    To: BTP Holdings (#2)

Horse posted on 2019-11-10 03:45:29   Reply   Private Reply