Todd_is_God Posted May 24, 2023 Share Posted May 24, 2023 1 hour ago, Wee Bully said: It is nowhere near starting to fall off a cliff. Yet another bollocks prediction. What, in your mind, does "starting to fall off a cliff" look like? You're coming across as utterly raging that something I said months ago would start happening from the end of April looks like it is indeed starting to happen. Why so bitter? 0 Quote Link to comment Share on other sites More sharing options...
Suspect Device Posted June 21, 2023 Share Posted June 21, 2023 (edited) Inflation not coming down as expected (consensus was 8.4%) in UK but falling in most of Europe with the exception of the Netherlands. Expect another interest rate rise tomorrow. Just a matter of will it be 0.25% or 0.5% I guess. Hope no-one is needing to re-mortgage in the near future. And @Weebully and @Todd_is_God can resume their wee tiff. So that'll be fun. Edited June 21, 2023 by Suspect Device 1 Quote Link to comment Share on other sites More sharing options...
Billy Jean King Posted June 21, 2023 Share Posted June 21, 2023 4 hours ago, Suspect Device said: Inflation not coming down as expected (consensus was 8.4%) in UK but falling in most of Europe with the exception of the Netherlands. Expect another interest rate rise tomorrow. Just a matter of will it be 0.25% or 0.5% I guess. Hope no-one is needing to re-mortgage in the near future. And @Weebully and @Todd_is_God can resume their wee tiff. So that'll be fun. Pretty convenient inflation failing to budge just days before yet another (planned / baked in) interest rate rise. These Charlatans don't have a clue but when you take into account they are nigh all millionaires then it's clear to see why as it's utterly meaningless and irrelevant to them on a personal basis. 2 Quote Link to comment Share on other sites More sharing options...
Granny Danger Posted June 21, 2023 Share Posted June 21, 2023 (edited) 6 hours ago, Suspect Device said: Inflation not coming down as expected (consensus was 8.4%) in UK but falling in most of Europe with the exception of the Netherlands. Expect another interest rate rise tomorrow. Just a matter of will it be 0.25% or 0.5% I guess. Hope no-one is needing to re-mortgage in the near future. And @Weebully and @Todd_is_God can resume their wee tiff. So that'll be fun. Where’s Spain? Spoiler No South West of France or East of Portugal answers please. Spoiler Or north of Africa. Edited June 21, 2023 by Granny Danger 0 Quote Link to comment Share on other sites More sharing options...
Suspect Device Posted June 21, 2023 Share Posted June 21, 2023 1 hour ago, Granny Danger said: Where’s Spain? Reveal hidden contents No South West of France or East of Portugal answers please. Reveal hidden contents Or north of Africa. Just south of France and East of Portugal. Ho fucking ho. Doing so well I couldn't even fit it in my snip. 0 Quote Link to comment Share on other sites More sharing options...
Billy Jean King Posted June 22, 2023 Share Posted June 22, 2023 What a time to be alive ! Clueless now no longer gets close. 0 Quote Link to comment Share on other sites More sharing options...
Leith Green Posted June 22, 2023 Share Posted June 22, 2023 27 minutes ago, Billy Jean King said: What a time to be alive ! Clueless now no longer gets close. James Cleverley was just on R4 (initially talking about Ukraine). He was asked about Sunaks "I will halve inflation this year" plan, and what levers he had to pull. He tried to talk about interest rates, but Justin Webb (correctly) interrupted him and said that the BoE is independent, and will do this anyway - and what are the specific measures outside this that Sunak will implement. Cue 3 or 4 minutes of silence, bluster, clueless soundbites - it was utterly embarrassing and makes you realise that these p***ks have absolutely no idea. 1 Quote Link to comment Share on other sites More sharing options...
Bairnardo Posted June 22, 2023 Share Posted June 22, 2023 1 minute ago, Leith Green said: James Cleverley was just on R4 (initially talking about Ukraine). He was asked about Sunaks "I will halve inflation this year" plan, and what levers he had to pull. He tried to talk about interest rates, but Justin Webb (correctly) interrupted him and said that the BoE is independent, and will do this anyway - and what are the specific measures outside this that Sunak will implement. Cue 3 or 4 minutes of silence, bluster, clueless soundbites - it was utterly embarrassing and makes you realise that these p***ks have absolutely no idea. But will they stop the boats? 3 Quote Link to comment Share on other sites More sharing options...
DeeTillEhDeh Posted June 22, 2023 Share Posted June 22, 2023 (edited) It's pretty clear that interest rates aren't working because it's profiteering that's driving inflation. Edited June 22, 2023 by DeeTillEhDeh 2 Quote Link to comment Share on other sites More sharing options...
Billy Jean King Posted June 22, 2023 Share Posted June 22, 2023 1 hour ago, Leith Green said: James Cleverley was just on R4 (initially talking about Ukraine). He was asked about Sunaks "I will halve inflation this year" plan, and what levers he had to pull. He tried to talk about interest rates, but Justin Webb (correctly) interrupted him and said that the BoE is independent, and will do this anyway - and what are the specific measures outside this that Sunak will implement. Cue 3 or 4 minutes of silence, bluster, clueless soundbites - it was utterly embarrassing and makes you realise that these p***ks have absolutely no idea. 0 Quote Link to comment Share on other sites More sharing options...
StellarHibee Posted June 22, 2023 Share Posted June 22, 2023 2 hours ago, Billy Jean King said: What a time to be alive ! Clueless now no longer gets close. I like how they're still pretending that we're not in a recession already. 0 Quote Link to comment Share on other sites More sharing options...
BFTD Posted June 22, 2023 Share Posted June 22, 2023 7 minutes ago, StellarHibee said: I like how they're still pretending that we're not in a recession already. I liked the stories about how the pandemic could drive us back into austerity, as if public bodies hadn't still been under the same incremental spending reductions they'd faced for the prior decade. 1 Quote Link to comment Share on other sites More sharing options...
Paco Posted June 22, 2023 Author Share Posted June 22, 2023 Martin Lewis is punting a theory which is bound to have at least some bearing on reality - if the problem is too much money available, broadly a third of the country has a mortgage and a third outright own their home. Interest rate rises are basically a reallocation of that money, taking money away from mortgage-holders and putting it into the pockets of those who outright own via interest rates. The traditional method of interest rate rises are therefore doing absolutely nothing to even slow inflation let alone solve it - no doubt we can see that’s definitely true. We should end up in a situation where the headline rate falls by the end of the year, with limited successful intervention, simply because it’s comparing like-for-like with absolute madness. But that was the theory post-April too as energy bills originally went wild in April 22 and it didn’t play out at all. Wholesale costs of energy, construction costs, fuel and wholesale food prices are now all but back where they were pre Russia invading Ukraine. In the main this is starting to look like a uniquely British problem. 0 Quote Link to comment Share on other sites More sharing options...
Alert Mongoose Posted June 22, 2023 Share Posted June 22, 2023 2 hours ago, Paco said: starting to look like a uniquely Brexit problem. FTFY 2 Quote Link to comment Share on other sites More sharing options...
Suspect Device Posted July 19, 2023 Share Posted July 19, 2023 Good news for a change. Hopefully this will continue in a downward direction but avoid a (technical) recession. 0 Quote Link to comment Share on other sites More sharing options...
Leith Green Posted July 19, 2023 Share Posted July 19, 2023 1 hour ago, Suspect Device said: Good news for a change To be pedantic.....................slightly less bad news 4 Quote Link to comment Share on other sites More sharing options...
Dunfermline Don Posted July 20, 2023 Share Posted July 20, 2023 It seems that some people don’t fully understand what inflation is and can’t differentiate between a drop in the rate of inflation and deflation! 0 Quote Link to comment Share on other sites More sharing options...
maicoman Posted July 20, 2023 Share Posted July 20, 2023 You know things are getting bad when someone goes in to the caring sharing Co-op and lifts a couple of loafs and a carton of milk and does a runner without paying for it - Aye in Kilmacolm! 0 Quote Link to comment Share on other sites More sharing options...
Billy Jean King Posted July 20, 2023 Share Posted July 20, 2023 3 hours ago, Dunfermline Don said: It seems that some people don’t fully understand what inflation is and can’t differentiate between a drop in the rate of inflation and deflation! That's new level stupidity. 0 Quote Link to comment Share on other sites More sharing options...
btb Posted July 30, 2023 Share Posted July 30, 2023 (edited) Not for everyone, another example of the unacceptable face of capitalism - grifters gonna grift. Quote Lush paid managers £5m in bonuses after taking £5m in state support Edited July 30, 2023 by btb 0 Quote Link to comment Share on other sites More sharing options...
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