Wednesday, Aug 04, 2010
And how about a fix for inflation King
Yahoo: Next warning of 'cooling demand' hits retail shares
Looking ahead the retail said higher cotton prices and the January VAT rise will push up the cost of clothing next spring, possibly by up to 8pc.
Posted by mark @ 10:15 AM (862 views) Add Comment
8 Comments
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1. mr g said...
"Looking ahead the retail said higher cotton prices and the January VAT rise will push up the cost of clothing next spring, possibly by up to 8pc."
Other fibre prices as well, now approaching a 10 year high.
2. This comment has been removed as it was found to be in breach of our Blog Policies.
3. mark said...
monty032 clearly you don't understand houseprices and economies
4. mark said...
retail is a good indicator of how the public are thinking, as well as inflation, these two things have an effect on houseprices, if people start to cut back then there is a reason, hmm wonder why go on monty032 tell me seen as you are soo clever.
5. timmy t said...
It's a valid point. An earlier post talks about IR's going up sooner than people think, but if you read the article that is based on the presumption that the economy makes a strong recovery. Articles like this suggest that ain't happening just yet.
6. Crunchy said...
The possible embarrasment of raising rates then having to lower them again shortly after must be weighing on Kings mind.
Such is his confidence in the 'numerous' figures he has at hand.
One cannot serve two very different masters and expect to move forward.
7. jack c said...
I'm reading more and more about a double-dip recession. "Cazenove’s Tim Russell is currently short high-beta stocks on his UK Absolute Target fund, predicting solid returns if his double-dip predictions are accurate".
SOURCE www.ftadviser.com/InvestmentAdviser/Investments/Region/UK/News/article/20100802/a3fd7372-9958-11df-a786-00144f2af8e8/Cazenove-bets-on-double-dip-prediction.jsp
8. clockslinger said...
Interest rates are not going up. As is posted elsewhere on this site, the new ortodoxy is the reverse of bond vigilantes holding governments to account for deficits and forcing rates up. That was never going to happen. In the UK it was just a story for the masses promulgated widely Murdochland to ensure the party of the rich managed to get enough votes. That there was an audience on HPC waiting to hear and hoping to hear higher interest rates would lead to property price falls is really terrible, but it doesn't mean it is likely to happen.
What actually happens next is that the Etonians give the banks some more cash (amidst a lot of hand wringing and rhetoric from that disgrace Cameron, well publicised by the sycophantic talking heads on CBBC primetime "news" and News At Ten). Then there will in all liklihood be a yet further tranche of your money again thrown in the same direction. All the pain of "savings" to facilitate such largesse will be bourne by the public sector, public infastructure and what remains of the welfare system. All this has been well flagged up...let's not forget that this autumn spending cuts are only the first of four years of planned cuts. These Tory gifts to their city chums will not only be entirely justified by their ideological position but also be with the money from what was at best your tax and your welfare system, or quite probably from savings made by cutting your job and destroying your future. All will be in order to achieve the ultimate aim...to "get the economy moving again"! You'll shortly be forgiven for sticking your fingers down your throat when you hear that phrase, which is simply a euphamism for getting house prices rising, the only "economy" left in the UK being predicated upon shopping and housing with leveraged income.
What did anyone expect after voting in a Tory government, a party recommended to you by "the leaders of this country" (aka King Phillip Green of M&S). Now, something tells me there is a man who might not really have my best interests at heart!