Is hyperinflation a real possibility?

Birdnuts

This gov is very quick to blame outside forces for the situation - but their own gross mismanagement via developer led energy and housing policies are some of the biggest factors at play that are driving inflation across the economy.

Jonnyc135

https://www.boards.ie/discussion/comment/119632308#Comment_119632308

Western Central banks and their monetary polices have a huge role to play in all of this inflation. The old definition in the 70s of inflation was a rapid expansion to the money supply. Now the new hot shots running the central banks at the minute have used money printing and low interest rates to solve every problem since then, and instead of solving the issues it kicks the can down the road, increases government debt and worse of all inflates asset prices that only make wealth divides greater. Greater wealth divides great civil unrest and radicalism which we are seeing all over the western world today, even funking socialist Sweeden is turning right wing.

They have failed us all, and the sad thing is there is no easy way to solve this bar making it worse. So when this recession comes instead of doing the right thing, they will do the easy thing and lower interest rates again, print more money, inflate asset prices and create more inflation.

Pinsnbushings

Just about finished a shed myself, started last November dons the tank with concrete at 80 euro a metre, and thought it was a crazy price and was a total egit for doing it..finished the ancillary concrete about 3 weeks ago and it was 100 a metre. Got a letter last week saying all cement based products are going up 8 percent as of 1st October.

Way I see it if you need a shed build it, think long term and just forget about value for for money in today's terms because its non existent

https://www.boards.ie/discussion/comment/119631538#Comment_119631538

You missed all the Eamon Ryans on the forum all year, with the talk of feeding less, using less or no fertiliser. If the cost's in a business are intolerable then it has to change or fold. A lot of farmers are wedded to high input systems which aren't the only option. I doubt you'd take your own advice.

SuperTortoise

Was listening to an interview just before the plowing started last Tuesday morning where it was said farming inflation is running at 40%, it was one of the farming bodies rep that said it.

A lad i know sold cattle at the mart last week ( this year's calf's) and averaged 3.10/kg, i sold year old's last spring for that money and they were reared on meal and fertiliser that did'nt go up 400% and 100%.

What would year old cattle want to be making in the marts next spring?