GBA Presents: THE GREEN MARKET

China is urging families to stock up on food as supply challenges multiply



By Laura He and Yong Xiong, CNN Business

Updated 8:07 AM ET, Tue November 2, 2021

video_pinned_white_bg.jpg

210928161523-screengrab-china-power-outage-exlarge-169.jpg

210928161523-screengrab-china-power-outage-small-169.jpg

Christmas trees may be hard to come by this year
China's energy crunch is hitting factories hard


China's cryptocurrency crackdown intensifies
Hong Kong/Seoul (CNN Business)China is telling families to stock up on food and other daily essentials as bad weather, energy shortages and Covid-19 restrictions threaten to disrupt supplies.

The country's Ministry of Commerce late Monday issued a notice directing local governments to encourage people to stockpile "daily necessities," including vegetables, oils and poultry, in order to "meet the needs of daily life and emergencies."
The agency also urged local authorities to make sure that people have an "adequate supply" of essentials this winter into next spring. And it told those authorities to keep prices stable — a source of anxiety in recent weeks, as the cost of vegetables has surged throughout China because of unusually heavy rainfall that has hurt crops.
China has stressed the importance of shoring up food and other daily supplies in the past — including in September, ahead of a major weeklong holiday period. But those statements are usually very obviously intended for local authorities to read, and rarely capture the attention of everyday citizens. The inclusion of language in this statement that mentions families, though, appears to be putting people on edge.
 
China completely falling apart is probably not priced in this market.

Everyone is now double ordering all supplies. When they get their front end they will cancel their 2nd order. This happened back in the 1980's -
 
Stoney!
DPZ reports on Thursday.
I'm gonna take it out of granny's shorts for a $24 win. $507----> $483
Replacing it with IWM @ 222.75 (short)[/QUOTE]


iShares Russell 2000 ETF (IWM)- Be careful with this Van! because small caps are preferred in the final melt up. I am beginning to raise cash tomorrow with the goal of 10%. Just got my new email for HF. (I've been frozen in transit) -- you might roll these over? I've heard that phrase; roll em' out? Just sound confident and say something like that
NYSEArca - Nasdaq Real Time Price. Currency in USD

238.64+4.19 (+1.79%)
At close: 4:00PM EDT
238.78+0.14 (+0.06%)
After hours:04:42PM EDT
 
Back
Top