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irishone
15 Oct 21 14:42
Joined:
Date Joined: 22 Sep 06
| Topic/replies: 47,339 | Blogger: irishone's blog
Likely to hit Britain worse !

The British disease of the 1970s is back, and there's no cure is in sight

When in a dark place, people don't want to hear that it is all about to get darker still; they want hope and optimism. That's what Boris Johnson specialises in. The Prime Minister is the living embodiment of the old stock market saying that it is better to travel hopefully than to arrive. The problem faced by the ever sunny Boris is that the destination is already looming into sight, and it doesn't look good. In the clinically calculated world of financial markets, the expectation is that inflation as measured by the Retail Price Index will hit 7 per cent by next April, a level not seen since the late 1980s. The disease that dogged the UK economy through much of the previous two decades – high inflation – shows unnerving signs of returning. Ministers these days prefer to set their watch by the slightly less alarming Consumer Prices Index, but even this is rising fast. RPI, moreover, is still the measure used to determine rail fares, interest on student loans, the coupon on inflation-linked Government debt, and a wide range of similarly linked government contracts.
Pause Switch to Standard View The Inflation tsunami
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Report clouded leopard October 15, 2021 3:00 PM BST
Transitory they said

Only a few weeks ago

Utter utter lies



Inflation like this will rip your face clean off if not correctly positioned
Report clouded leopard October 15, 2021 3:08 PM BST
Bitcoin 60 k whoooosh
Report Petraco October 15, 2021 3:19 PM BST
As someone who lived through the inflation of the seventies, when personal debt was still frowned upon by most, heaven help the modern generation... Plain
Report clouded leopard October 15, 2021 3:41 PM BST
Heaven won't help them

Only UBI

This time is different.
Report Giuseppe October 15, 2021 4:05 PM BST
give us some btc mates por favor
Report truehoncho October 15, 2021 4:32 PM BST
It was an American disease not a British one. We just got a lot of the symptoms.
Report Johnny The Guesser October 15, 2021 4:44 PM BST
At least we have cheap food.
We can always ditch our big TVs, two cars , satellite subscriptions, multiple holidays abroad , posh meals out , beer and **** etc.
Plenty of wiggle room there for most.
Report truehoncho October 15, 2021 4:46 PM BST
Can I get your TV please Johnny.
Report Johnny The Guesser October 15, 2021 4:46 PM BST
You'll need a big van.
Report rothko October 15, 2021 5:10 PM BST
will be interesting to see what happens to interest rates as the inflation seems to be being caused by supply rather than demand issues
Report BARROWBOY October 15, 2021 5:32 PM BST
0.1 to 0.25 next meeting,nothing to get too excited about at the mo.
Report diabolicalliability October 15, 2021 5:37 PM BST
I remember 15%Cry
Report casemoney October 15, 2021 5:38 PM BST
heaven help the modern generation.

A lot of the 2.5 k a month Zoomers will have cleared a lot of Debt , all ready to go again .
Report truehoncho October 15, 2021 5:43 PM BST
I went to University in the early 90s. My tuition was free and I got about £3k a year grant. When I left my first job was £22k pa. Now they pay everything leave with debts of up to £30k (maybe more) and the starting graduate wage where I work is £18k. How can that be right?
Report clouded leopard October 15, 2021 5:52 PM BST
Johnny The Guesser15 Oct 21 15:44Joined: 15 Apr 02 | Topic/replies: 2,695 | Blogger: Johnny The Guesser's blog
At least we have cheap food.
We can always ditch our big TVs, two cars , satellite subscriptions, multiple holidays abroad , posh meals out , beer and **** etc.
Plenty of wiggle room there for most.


Cheap food ?

Food inflation is easily 10-15%

We can always ditch our big TVs, two cars , satellite subscriptions, multiple holidays abroad , posh meals out , beer and **** etc.


That lot is being ditched for you



Remember , you'll own nothing and you'll be happy



Inflation runs rampant
Hyperinflation + higher taxes will kill everyone's wealth


and what if fiat currency does actually die ? All the others in history have

what's your house worth then ?

How you gonna price that exactly ?
and what will you sell it for ?


Not out of the question

Time will tell
Report Giuseppe October 15, 2021 6:30 PM BST
can i have one of your cars jonny is the tax paid
Report Giuseppe October 15, 2021 6:30 PM BST
it's not a rover is it?
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