As prices, wages and inflation soars, the market is pricing a rise in interest rates before Christmas. The Times reports that economists at Bank of America expect a modest 0.15 percentage point rise in December taking base rates up to .25%. Base lending rates have not increased since 2018 and in March 2020 during the pandemic the Bank of England slashed rates to an historical low of 0.1%. Central banks are between a rock and a hard place where they will be forced to raise rates to curb inflation but will pay billions more on their own borrowing. A rise of just 1% will cost the UK an additional £10 billion a year. The cost will be billions more for the US. 1.1 million job vacancies Job vacancies in the UK have reached a 20-year high, which will slow economic recovery. The ONS reports that the number of employees on payrolls showed another monthly increase, rising 207,000 to a record 29.2 million in September. The Institute for Employment Studies (IES) said labour shortages were "affecting the whole economy, and where likely between a quarter and a third is explained by lower migration". Tony Wilson, director of the IES, told the BBC there were now fewer unemployed people per vacancy than at any time in at least 40 years. This is down to fewer older people in work and more young people in education he said. The number of vacancies hit another record high of 1.1 million and average weekly earnings, including bonuses, are 7.2% higher than this time last year. Wage rises, which have reach 15-20% in some sectors, are normally followed by higher inflation and consumer prices for all. Business leaders want to be allowed to import the workers they need to fill labour shortages. However, the government wants an end to low-skilled and low-wage immigration. The energy crisis is threatening to shut down manufacturing production in the UK within days unless the government takes urgent action. Businesses want the government to protect them from huge increases in energy costs as well as reducing or removing ‘green tariffs’, which puts them at a disadvantage compared to countries like China. The UK is sitting on a gold mine of natural shale gas that the government will not exploit due to environmental concerns. The US takes advantage of its shale gas which is why prices are one sixth of UK gas. While China powers industry with coal fired stations, the UK refuses to reopen new coal mines in order to meet environmental targets which Asian competitors ignore. China’s debt and real estate bubble has not gone away, with Evergrande and Fantasia expected to default on more upcoming debt repayments. Stock Markets could fall 10%, the Bank Of England has warned Financial markets and stocks and shares could see a “sharp downturn” with lower expectation of an early economic recovery from the lockdown the Bank of England predicted this week.   How can you protect yourself and profit from a stock market or property crash?  Even if you do not directly invest in the stock market or property your pension fund manger may be doing so on your behalf. Check with your administrator or financial adviser. The answer is to learn about investing and become more financially aware.  Financial education is the key to building and keeping wealth. Never stop learning!  Keep watching or listening to my free podcasts on iTunes and subscribe to my YouTube channel for regular financial news and updates. If you would like to learn more about investing and managing your money, become a professional property investor, or would like tobe financially free without working any harder, watch this free on demand training. I will give a special free gift which can help you to immediately transform your finances when you attend the online training. Click on this link to watch the free training now https://bit.ly/3wLWqx2  Book now as spaces fill up fast... #interestrates #evergrande #chinacrisis #realestatebubble #property #stockmarketcrash #inflation #financialeducation #freetraining #evergrande #chinapropertybubble #bankofengland See omnystudio.com/listener for privacy information.

With everyone talking about the end of physical shopping, Amazon is opening shops! Morrisons supermarket UK chain is going through £7 billion takeover. Costo is booming, Aldi and Lidl are expanding. Asia’s richest man, Mukesh Ambani (worth $99 billion) is bringing 7-Eleven stores to India, one of the fastest growing economies in the world. Which is Britain’s cheapest supermarket? Many stores have suffered in the last year with famous names like Debenhams and Gap disappearing from our towns, but basics like food and other necessities seems to be thriving. Online retailing and home delivery are still increasing, but there is still room for physical stores. See omnystudio.com/listener for privacy information.

Financial markets and stocks and hares could see a “sharp downturn” if investors start to reconsider the prospects of economic recovery from the lockdown amid supply problems, rising prices and a spending squeeze, the Bank of England predicts. The UK’s central bank's financial policy committee (FPC) warned of a “correction”, defined as a drop of at least 10% in the price of a share from its most recent peak. The bank has seen signs of increased risk-taking at investment banks – the people who get paid huge sums to play with other people’s money at the stock market casino! Stock indexes around the world have hit record levels this year, from a crash in 2020, as investors bet on a strong economic bounce back from the pandemic. However, worrying levels of inflation have returned to the UK, US and Germany sparking fears that growth could be stunted in the face of supply chain bottlenecks, soaring wholesale natural gas prices and skills shortages. In the UK, millions of households and businesses are facing a long winter of discontent from a cut in benefits and state support combined with a surge in energy prices not seen since the 1970’s Arab oil crisis which sent economies across the globe into recession. The Bank is also concerned that higher borrowing during the public health emergency has likely put more businesses at risk. It said: "The increase in debt - though moderate in aggregate - has likely led to increases in the number and scale of more vulnerable businesses. "As the economy recovers and government support, including restrictions on winding up orders, falls away, business insolvencies are expected to increase from historically low levels." Around 1.7 million companies borrowed money under emergency loan schemes, like the bounce back loans, that were launched last year. Many of them were very small companies without high debt, but desperately needed of cash to avoid immediate collapse. Source Sky News. China’s debt and real estate bubble has not gone away, with Evergrande and Fantasia expected to default on more upcoming debt repayments. How can you protect yourself and profit from a stock market or property crash?  Even if you do not directly invest in the stock market or property your pension fund manger may be doing so on your behalf. If you would like to learn more about investing and managing your money, become a professional property investor, or would like tobe financially free without working any harder, watch this free on demand training. I will give a special free gift which can help you to immediately transform your finances when you attend the online training. Click on this link to watch the free training now https://bit.ly/3wLWqx2  Book now as spaces fill up fast... #evergrande #chinacrisis #realestatebubble #property #stockmarketcrash #inflation #financialeducation #freetraining #evergrande #chinapropertybubble #pension #drivershortage #bankofengland See omnystudio.com/listener for privacy information.

As a second property giant fails to pay debt interest investors fear a property collapse in China’s real estate bubble. On Monday, a Chinese developer of luxury apartments Fantasia missed a $315 million payments to lenders, sparking fears that financial strains in the country's overheated property sector are spreading beyond the troubled Evergrande’s troubles. The FT reports that Beijing’s crackdown on borrowing by property developers threatens to end China’s love affair with London property. The latest Chinese debt-ridden property company is Fantasia Holdings, a Shenzhen-based developer which missed repaying $206 million worth of bonds that matured Monday. In a statement to the HK stock exchange, the company said it is assessing "the potential impact on the financial condition and cash position of the group,". Trading in shares, down by 80% this year, were suspended. The property management unit of Country Garden, China's second largest developer by sales after Evergrande, reported that Fantasia had failed to repay a company loan of about 700 million yuan ($109 million). Fantasia had informed the company that it would probably "default on [its] external debts," to Country Garden Services, according to CNN. Other Business News Johnson Promises Wage Boost. In a speech to the Conservative Party Conference in Manchester, Prime Minister Boris Johnson wants to end the UK’s “low wage economy” fuelled by “uncontrolled immigration”.  Gas Prices Fall After Putin Boosts Production. UK wholesale gas prices dropped after hitting a record high after Russia announced a boost in supplies to Europe. Russia President Vladimir Putin calmed the market after gas prices had risen by 37% in 24 hours to trade at 400p per therm on Wednesday. The price fall will be welcome news to millions of British consumers facing record energy prices this winter. Consumer Price Rise Highest In 25 Years. Inflation fears as prices rise across the world, sparking fears of hyper-inflation caused by unprecedented money printing. Markets are predicting 6% inflation leading to ‘stagflation’. Facebook Restores Service After This Week’s Outage. How did the social media downtime affect you? How much time do you spend on social media? Some people admit to more than 10 hours a day screentime, which you can check on most smartphones. If you are just using social media for entertainment, could you use your time more effectively? Can you make money on social media? YES! We can all learn to not only how to use social media,  but also how to make money on social media… "Stop Wasting Time On Social Media And Start Making Money Instead" You can learn how to make money on social media from my mentor Paul O’Mahony, founder of the ReThink Academy, who has made millions online starting from nothing. In this FREE webclass you're going to see: How to​ use the time you're already spending on the internet to build a digital business in your spare time. How to​ get a product to sell if you don't have one already and... how to get it for nothing. The exact strategy​ "he used to make my first million and quit my job permanently without a big budget, or any experience with social media." You'll discover all this and more when you watch the webclass below. I'M READY TO WATCH THE FREE TRAINING NOW! WATCH THIS TRAINING IF: You own a business. You want to own a business without quitting your job yet. You are serious about building a profitable online business. You're tired of wasting time on social media and want to make money instead. "Stop Wasting Time On Social Media And Start Making Money Instead" (even if you lack time, resources, experience, or expertise). I'M READY TO WATCH THE FREE TRAINING NOW! CLICK HERE TO WATCH https://bit.ly/38rzLvZ Spots Fill Up Fast - Limited Seats Available! #socialmediamarketing #makemoneyonline #WhatsApp #Facebook #gasprices #chinaproperty #stockmarket #propertybubble #evergrande #fantasia #stagflation See omnystudio.com/listener for privacy information.