JUST IN | Inflation hits new 13-year high

[rvZA]

Yeah Nah, dude! McDs and KFC are mostly situated in the poorer income neighborhoods in US cities and it's heading the same way in the UK. They wouldn't be there if that wasn't where most of their sales were.

Wrong. There are many poor communities in various states that do not have them locally.

 

[Wut]

Wrong. There are many poor communities in various states that do not have them locally.

Show me a poor city neighborhood without a McDs or KFC in the US.

 

[ToxicBunny]

Show me a poor city neighborhood without a McDs or KFC in the US.

Anything outside of Beverly Hills is a poor city neighbourhood according to ChickenLittle over there.

 

[rvZA]

Show me a poor city neighborhood without a McDs or KFC in the US.

There are plenty. In fact, more poor areas that does not have. There are even some States that does not have MacDonalds at all as they favour local businesses and you need to cross state lines if you want to buy a Macdonalds.

 

[Wut]

There are plenty. In fact, more poor areas that does not have. There are even some States that does not have MacDonalds at all as they favour local businesses and you need to cross state lines if you want to buy a Macdonalds.

Vermont? It's not exactly a poor state now is it? So still no examples of a poor city neigborhood in the US without a McD or KFC?

They've done studies on this and it's been proven that low-income neighborhoods had a high prevalence of access to fast-food and high obesity rates.

Neighborhood Disparities in Access to Healthy Foods and Their Effects on Environmental Justice

Environmental justice is concerned with an equitable distribution of environmental burdens. These burdens comprise immediate health hazards as well as subtle inequities, such as limited access to healthy foods.We reviewed the literature on neighborhood ...

www.ncbi.nlm.nih.gov

2–4 The higher prevalence of obesity among low-income and minority populations has been related to their limited access to healthy foods5–18 and to a higher density of fast-food outlets and convenience stores where they live.9,19–21 These environmental barriers to healthy living represent a significant challenge to ethnic minorities and underserved populations and violate the principle of fair treatment.

 

[me_]

But its actually still mostly a universal belief, so the South African government is just following the general trend. They and other governments have even sometimes admitted it doesn't have any direct impact, but they all still believe in the inflation expectation myth.

South Africa (and most of the world) are effectively a price-taker for interest rates. It's not usually that there is excessive demand in the South African market, however if South Africa doesn't follow global trends (the US), the capital invested in South Africa will take flight causing a devaluation on the currency which will lead to inflation as it costs more to import products. That inflation in turn leads to more wage pressure as people are finding their money is not going as far anymore. Companies that rely on imports start to struggle as customers can't afford as much.

It's not all bad news though - South African exports would improve as they cost less for international buyers so they are more competitive on the global market, but benefits would be limited as South Africa primarily exports commodities (resources and agricultural products) rather than manufactured goods.

 

[surface]

Interesting how opposite our experiences are then. There's actually US expats living in SA vlogging about the experience of moving here.

None as well travelled and knowledgeable as his majesty. Just sit back and enjoy the stories.

 

[zerocool2009]

Don't worry guys, increase the repo rate, that fights inflation...

0.75% up in Sept!