Inflation Is Now at Levels Not Seen for 30-40 Years

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#443: Inflation Is Now at Levels Not Seen for 30-40 Years

In this video:
00:27 – Massive Inflation rates around the world
01:21 – Are you going backwards?
01:46 – What can you do about this?
02:42 – Most people only buy Crypto’s
03:15 – Weekly Indices trades hit their profit target
03:36 – Do you wish to know more about Prop firms?
05:44 – Trade with Blueberry Markets

Around the world we’re now experienced inflation levels that we’ve not seen for the past 30 to 40 years. What does that mean for you? Let’s talk about that a more right now.

Hey, traders, Andrew Mitchem here at the Forex Trading Coach with video and podcast number 443.

Massive Inflation rates around the world

Now you may have seen a very hot topic around the world right now, many economies is in inflation and how high it has got. In the US, they’ve just announced that their inflation rates has reached 7%. That’s the highest seen over there since 1982. Here in New Zealand 6.3% is the level economists are talking about. That’s also the highest that we’ve seen since the mid 1980s. Over in Canada, 4.8%, throughout the Euro Zone, 5%. In the UK 5.4%. So very high inflation rates. What does that mean? Well, obviously the cost of living is going up massively.

It’s something that has been predicted for the last year or two. And it’s here right now. You’ve noticed things like food, fuel, housing, all the expensive things in your life are going up faster and faster and faster.

Are you going backwards?

So if you are on wages, what does that mean? Well, wages for a lot of people are pretty static, fairly constant. So it means that if you’re in the US and inflation’s gone up 7%, and your wage has not gone up 7%, you’ve effectively gone backwards from this time last year. It’s costing you more of your wage to buy the same thing effectively, you’re heading backwards.

What can you do about this?

And what can you do about that? Well there’s different investment methods and obviously cryptos, and