Re: What's the consequence of severe inflation in TG and survival strategy

maomi

I believe that HTers have discussed about inflation and inflation-proof investment strategy etc a few months ago. I am hoping to re-initiate this discussion as I felt that severe inflation is ongoing in TG as per phone conversation with mom. Below is the list of phenomenon that she observed in Chengdu:

1) The phone conversation with her was actually started by her warning, saying " based on a expert panel discussion on ??TV international channel, the average people were warned that the global inflation is coming"  
2) Consumer price increases in terms of days. Daily grocery shopping was about over hundred dollar per day back in Dec, 2009 when I visited China. Nowadays, a thousand dollar won't last long for grocery shopping. She told me that people were rushing to buy and stock vegetable cooking oil etc.
3) Broad salary increases; There was significant salary increases in government job, nowadays, even labor work can yield over hundred dollar salary per day. My mom, as a retired teacher, only makes slightly above 2000 RMB per month. Therefore, her income increases is not as fast as inflation. Even with expected salary increases in the near future, I would expect her salary will only be enough to sustain a basic living, with majority of income going to food.
4) Panic buy of houses, even my mom wanted to buy another apartment now...

I have science background, and by no means an expert in Financial or economics, I am hoping that average Chinese people like my mom can survive this crisis. Your discussion and advice is highly appreciated.

Below is the video lecture on severe inflation in russia.
http://truckertomwp.mevio.com/?p=573

joep

I believe that HTers have discussed about inflation and inflation-proof investment strategy etc a fe ...
maomi 发表于 2010-11-7 16:13

severe inflation is a great thing!

DayDayUp

回复 2# joep


    Tell us why severe inflation is a great thing?

joep

回复  joep


    Tell us why severe inflation is a great thing?
DayDayUp 发表于 2010-11-7 18:12

    for those with lots of debts.