Friday, Feb 20, 2009
So much for deflation
BBC: U.S. Jan CPI rose 0.3 percent
Confounding analysts' predictions, US inflation actually rose in January. Deflationistas have been left feeling... deflated.
I guess slashing interest rates to zero and printing money isn't the best way to avoid inflation after all.
Posted by little professor @ 09:10 PM (848 views) Add Comment
8 Comments
- If you do not have an admin password leave the password field blank.
- If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
1. voiceofreason said...
Question is, do the politicos want inflation ?
Have they done their voter calcs on number with huge debts versus those without ?
2. japanese uncle said...
Today I found Rowes honey is sold at 2.09 in the local Tesco. What's intolerably cheeky is the size of the jar was stealthly reduced from 454 ml to 400ml, yet the price was increased from 1.69 at Jan/07 to 2.09. Inflation by stealth. I have decided to ditch Rowes for ASDA brand which costs no more than 1.50 for 454ml. How many thousands of consumers will follow my path, I wonder.
3. flintster1994 said...
Japanese uncle,
I shop in exactly the same manner!
Today in Morrisons, I went to buy some of morrisons own brand washing up liquid. When I got to the isle, I noticed a middle aged woman examining the same liquid that I was there for. When I approached though she immediately looked embaressed and started looking at the fairy liquid brand. However once I picked up a couple of Morrisons own brand stuff and moved away, I looked back. Guess what she was choosing.
Unfortunately the British still attach some sort of stigma to being less than flush.
Times are changing indeed.
Through hardship comes humility. Well here's hoping anyway.
Power is so yesterday, bring on the ethics!
4. japanese uncle said...
flintster994
I wonder why a middle aged woman (not a teenager!) should be embarrassed to be seen in such situation. At middle age, one still cannot get rid of sheer vanity. Such is the power of bubble economy in which people tend to regard how much a person makes and spends as the final criterion of his/her worth as a human being. Being poor is nothing to be ashamed of. It's nothing compared with being incapable of thinking on your own.
Having said that many of the so called economy items sold in super markets, such as sausage, bacon, tomato, are proven to be inferior in terms of quality/nutrition. Cheap and nasty does not make sense. ASDA honey will be scrutinized from now. I might opt for LIDL honey which is equivalent to ASDA in terms of price.
5. hpwatcher said...
I think prices in the UK, in particular food prices, as going up really fast at the moment....
6. flintster1994 said...
Way off topic,
But does anyone fancy swapping car fixing knowledge for cookng/foraging knowledge?
I will obviously pay for all parts required.
Just a thought.
I live in Stirlingshire if that's any help.
7. hpwatcher said...
Way off topic,
But does anyone fancy swapping car fixing knowledge for cookng/foraging knowledge?
I will obviously pay for all parts required.
Just a thought.
I live in Stirlingshire if that's any help.
Got any gold?
8. goweresque said...
I've already started my barter trading. I supply logs to a friend, and she cooks food for me and freezes it, which I can then microwave at leisure. I'm handy with a chainsaw, and hate cooking, her the converse, a great trade!
As for the economy products in the supermarkets, it depends. The non food stuff - no problem - washing powder, cleaning materials etc. But the food items, well you need to go on a case by case basis. Some things are OK, but some can be shockingly bad. I bought some ASDA boiling bacon once - the economy stuff was as tough as old boots. But the Sainsburys cheap version was fine. You just have to experiment.