China coal/electricity shortage: Traffic lights turned off in power crunch. Factories closed…
China’s Coal Shortage Means Higher Prices for the World
www.bloomberg.com/news/articles/2021-09-28/china-s-coal-shortage-means-higher-prices-for-the-whole-world
www.scmp.com/video/china/3150423/power-crisis-china-leaves-highway-dark
m.facebook.com/watch/?v=864963327723554&_rdr
Hundreds of vehicles were left stuck on a highway in Northeastern China’s Liaoning province as traffic lights suddenly went offline following recent electricity-rationing measures. pic.twitter.com/Gc6qf5sQhb
— South China Morning Post (@SCMPNews) September 28, 2021
Related:
CHART OF THE DAY
Factories expectations of price received
Factories think inflation will probably go to da moon squeezing their margins… obviously transitory expectations pic.twitter.com/GpSlqIkOkW
— 🅰🅻🅴🆂🆂🅸🅾 (@AlessioUrban) September 29, 2021
UK >>Nearly 1.5million customers of nine collapsed energy firms could face paying up to hundreds of pounds MORE for their electricity and gas bills after being taken on by new providers t.co/lltUpkuQkD pic.twitter.com/Q2qjKrKaIy
— Tracy (𝕮𝖍𝖎) (@chigrl) September 29, 2021
If you're not watching cotton prices, you should be. Retailers and apparel brands are going to try to push through higher costs to consumers in another 9-mos, and they're gonna fail. $HBI bearish, in particular. pic.twitter.com/Ei5UY5q2Mn
— Brian McGough (@HedgeyeRetail) September 29, 2021
Inflation expectations in Germany have not reached the Weimar level yet but keep rising pic.twitter.com/2bEic2aNbW
— 🅰🅻🅴🆂🆂🅸🅾 (@AlessioUrban) September 29, 2021
DEVELOPED MARKET
STAGFLATION 👇👇👇 pic.twitter.com/rhKh0aAYT5— Win Smart, CFA (@WinfieldSmart) September 29, 2021
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World Food Costs at Risk of Soaring as China Faces Tough Harvest
China is set for a difficult harvest season as a severe energy crunch hurts the outlook for booming production, a development that risks triggering a renewed surge in world agriculture and food prices.
h/t ST. FLOYD OF FENTANYL