Wednesday, Mar 11, 2009
Inflation lurking just off shore.. The big downturn is yet to come
Gamespot UK: Nintendo UK raises Wii wholesale price
Quantative easing, huge national debts, and the housing bubble have all contributeded to the destruction of the pound, this will lead to the a sharp rise in everything imported to the uk and therefore Inflation. If house prices are dropping with Mortgages at 1%, just think what will happen when we have interest rates of 12, 13,14,15%
Posted by neillark @ 09:12 PM (905 views) Add Comment
9 Comments
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1. crunchy said...
Average 6/7% interest rates with rock bottom house prices is a winning combination. How did the bulls get conned with the oppersite?
The sooner it happens the better.
2. stillthinking said...
If interest rates rise then so will sterling.
3. bellwether said...
Also if imports were to become ever more expensive then we would tend towards producing and exporting more, scant comfort from the heyday of the past decade perhaps
4. debtfree said...
Economic confidence has nothing to do with currency. It is the confidence in the currency that causes inflation.
5. debtfree said...
Who gives a f**k about nintendo anway ?
Its not like thet are a necessary habit, unlike sky.com for most (im virgin by the way).
6. debtfree said...
es, an m 'Y' key screwed
7. Jayk said...
Nintendo have raised prices not because Sterling is too low but because the Yen is too high.
8. a saver said...
Must say I am noticing the opposite of deflation -my rent is up, gas and electricity still up a lot and food is way more expensive than last year.
9. crunchy said...
Why allow deflation when you can lie about low inflation and idiots are buying the bull? : (
HYPER-INFLATION the route to future DEPRESSION.