zugzwang Posted August 8, 2016 Share Posted August 8, 2016 What make you so confident about coming inflation? Look to Japan, they are trying to get one for more than 20 years. $10 trillion in negative yield govt bonds worldwide implies a deflationary outcome as far as the eye can see. Quote Link to comment Share on other sites More sharing options...
Guest Posted August 8, 2016 Share Posted August 8, 2016 There's been massive inflation in housing costs over the last twenty years that's not counted, and a lot of hidden shrinkflation that they just fiddle the figures to obscure. After all, if the inflation stats were to rise, they might have to raise rates... I have a small amount of money in index-linked certificates too, but I'm not expecting them to do me any good. The official inflation rate will be kept well below the reality. Quote Link to comment Share on other sites More sharing options...
LiveinHope Posted August 8, 2016 Share Posted August 8, 2016 (edited) There's been massive inflation in housing costs over the last twenty years that's not counted, and a lot of hidden shrinkflation that they just fiddle the figures to obscure. After all, if the inflation stats were to rise, they might have to raise rates... I have a small amount of money in index-linked certificates too, but I'm not expecting them to do me any good. The official inflation rate will be kept well below the reality. Inflation stats will be jiggled to keep on top of the public sector pensions liability that is linked to cpi - if for nothing else. Pensions won't be worth anything near what people expected. There was no index-linked rise last year because cpi was -ve in the month the indexation is calculated. The CPI basket will change and change again. Edited August 8, 2016 by LiveinHope Quote Link to comment Share on other sites More sharing options...
kzb Posted August 8, 2016 Share Posted August 8, 2016 As an aside, the high inflation rates in the early 1970's were a direct result of our joining the Common Market (as it was called then). Basic foodstuffs that were previously thought of as cheap foods for the poor (like cheese) went through the roof. The unions took the blame though. The BoE should've said everything is running along fine thank you, keep calm and carry on, and we won't be changing anything. That would've given the markets confidence. Instead they have used Brexit as an excuse to hand over billions to their banker chums once again. Quote Link to comment Share on other sites More sharing options...
billybong Posted August 8, 2016 Share Posted August 8, 2016 (edited) ^ Pain or gain? Winners and losers from Dr Carney's crisis medicine - and how to thrive in the ultra low interest economy Otherwise known as the quack. Amazing that the quack is still in his job as governor with all the inept one sided guff he was spouting before the Brexit vote and ridiculously pretending to be independent. Edited August 8, 2016 by billybong Quote Link to comment Share on other sites More sharing options...
hi5lo5 Posted August 8, 2016 Share Posted August 8, 2016 http://uk.businessinsider.com/mark-carney-seen-at-wilderness-festival-wearing-glitter-2016-8 Quote Link to comment Share on other sites More sharing options...
spyguy Posted August 8, 2016 Share Posted August 8, 2016 What make you so confident about coming inflation? Look to Japan, they are trying to get one for more than 20 years. The Pounds falling. The Yen seems to rise whatever. Quote Link to comment Share on other sites More sharing options...
Tempus Posted August 8, 2016 Share Posted August 8, 2016 http://uk.businessinsider.com/mark-carney-seen-at-wilderness-festival-wearing-glitter-2016-8 His job is one big jolly with the ruling classes. Stuff the impact on the rest of the UK, he knows who he is looking out for. Quote Link to comment Share on other sites More sharing options...
LiveinHope Posted August 8, 2016 Share Posted August 8, 2016 http://uk.businessinsider.com/mark-carney-seen-at-wilderness-festival-wearing-glitter-2016-8 What a pr1ck Quote Link to comment Share on other sites More sharing options...
zugzwang Posted August 8, 2016 Share Posted August 8, 2016 (edited) While the peasants starved Marie Antoinette and friends used to dress up as shepherdesses and milk real cows in a fake rustic village in the grounds of Versailles. Edited August 8, 2016 by zugzwang Quote Link to comment Share on other sites More sharing options...
knock out johnny Posted August 8, 2016 Share Posted August 8, 2016 (edited) Good to see the banks passing the interest rate cut onto customers - and First Direct ahead of the curve (such great forward thinking) Savers to suffer as First Direct cuts rates further than Bank of England https://www.theguardian.com/money/2016/aug/08/savers-suffer-first-direct-cuts-rates-further-bank-of-england Edited August 8, 2016 by knock out johnny Quote Link to comment Share on other sites More sharing options...
AvoidDebt Posted August 16, 2016 Share Posted August 16, 2016 When the Bank cut interest rates from 0.5pc to a record low 0.25pc in August to make lending cheaper, Mr Carney insisted the effect of lower rates effect should be felt immediately in the economy. But over the past week major lenders including Halifax, Tesco and Nationwide have adjusted the price of a number of popular tracker mortgages upwards, making them more expensive for buyers. Experts said banks were "sneakily" upping rates to boost their own profit margins, at the expense of consumers. http://www.telegraph.co.uk/news/2016/08/16/first-time-buyers-punished-as-uks-biggest-lenders-sneakily-raise/ Quote Link to comment Share on other sites More sharing options...
btd1981 Posted August 16, 2016 Share Posted August 16, 2016 How can they seriously talk about first time buyers and then a 400k mortgage in the same paragraph? I mean, really??? Is my medication running low or something? Also, as much as I love that rates have been increased, it's a tenuous definition of 'tracker' to increase rates on the back of a base rate cut. How do they justify that? Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.