Global inflation leader board

7th Aug '23 by Paul Hill

6 comments 502 reads

As the football season kicked off this weekend, where do countries stand on the global #inflation leader board (see below chart)?

Here the key drivers appear to be :

1) Energy & food self sufficiency (US)
2) Labour market tightness (UK & US)
3) Services demand (US & UK)
4) Fiscal/government profligacy, fiscal policy and QE (Turkey, Venezuela & Sweden)
5) Covid isolation/lockdowns continued longer than anticipated (China)
6) Strong currency (Swiss Franc)

Unfortunately the UK seems to be in serious danger of relegation.

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Paul Hill

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Stocks owned : EQLS, AGFX, Pfizer, Bristol Myers, Roche, WATR, VCT, MBH, ASTO, IOM, TR25, ESYS, ELCO, IHC, Paypal & AOM Elsewhere, I'm also paid by Vox Markets (as a contractor) to interview interview fund managers, capital market experts & companies (re EQLS, VRCI, BELL, FIN, AVG, AVCT, LLAI, VLG, FADL, SUP, ELCO, LORD , MPAC & ONC). I believe all these stocks are clients of Vox.Lastly my 24 year HIT RATE is only 62%. Meaning 38% of the time I lose money (ie often wrong) - albeit my winners are (on average) 1.5x larger than my losers. Please Do Your Own Research. more »

6 comments

Saxonboy57

7th Aug '23

Who would have thought that paying people not to work and printing money would have this result?

Alphaflight

7th Aug '23

The UK is ranked as the 10th largest economy but I don't think we will stay in 10th position for long due.

Meanwhile, what isn't widely known (despite the IMF admitting this last week):

"...Russia has just overtaken Germany to become the fifth wealthiest economy in the world and the largest in Europe, worth $5.3 trillion."

Source

SCI20

7th Aug '23

It would be interesting to include on the chart the level of Covid funding by each country. For example Indonesia provided zero Covid help to businesses and individuals.

William K

9th Aug '23

You took the words out of my mouth! The irony is that the people who worked through the Pandemic (public services, food industry etc) are now paying higher taxes to pay for those who did not work through the Pandemic. The second irony is that higher personal taxation usually leads to lower government tax revenue because is stifles business.

Paul Hill

9th Aug '23

In comparison to the UK's CPI of 7.9%, China appears to be at risk of spiralling into a full deflationary cycle.

Today reporting July CPI of -0.3% & PPI at -4.4% YoY.

Breakout Trader

9th Aug '23

A per capita metric would be interesting

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Global inflation leader board

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About the Author

Paul Hill

6 comments

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