Injin Posted November 17, 2009 Share Posted November 17, 2009 Thats the truth of it. However the point of their forecasts is to generate an expectation of 2% inflation. Which is why they always predict more or less 2% inflation with some gesture towards uncertainty/reality. Yes, because inflation is all about psychology, not the mount of money there is. Quote Link to comment Share on other sites More sharing options...
Minos Posted November 17, 2009 Share Posted November 17, 2009 The BoE forecasting is always totally meaningless anyway - farcical. How all encompassing can their fan projections become??? They might as well randomly colour in every projection they ever produce with multicoloured crayons and then announce 'anything is possible mateys' The BoE exists simply to print money. The big stone building, marble floors, fancy graphs and unfathomable speeches only serve to disguise this fact. Quote Link to comment Share on other sites More sharing options...
FreeTrader Posted November 17, 2009 Share Posted November 17, 2009 The Citywire article I linked to last night (in post #14) with the Stewart Cowley Weimar quote appears to have been pulled. Izabella Kaminska highlighted the same Weimar quote in an Ft Alphaville piece this morning, and she included a link in to another Citywire article where the quote had been repeated, but this seems to have gone too. The quote is still there in this Citywire piece about today's inflation numbers. We'll see if it survives the day. Quote Link to comment Share on other sites More sharing options...
Deckard Posted November 17, 2009 Share Posted November 17, 2009 centrifuged silks edited - clue: 3 words. ???? You lost me there, I'm afraid. Care to clarify, while you keep embarassing yourself - instead of admitting you got it wrong? Well ??? are you going to explain your witty joke? Or have you decided to shut up and stop making a fool of yourself at last? Quote Link to comment Share on other sites More sharing options...
yellerkat Posted November 17, 2009 Share Posted November 17, 2009 centrifuged silks edited - clue: 3 words. Hmmm...3 words...anagram? Got it! Snickered Fig Slut. Quote Link to comment Share on other sites More sharing options...
Deckard Posted November 17, 2009 Share Posted November 17, 2009 Hmmm...3 words...anagram? Got it! Snickered Fig Slut. I always knew GOM was a nutter - but I didn't think he was a member of the Priory of Sion Quote Link to comment Share on other sites More sharing options...
yellerkat Posted November 17, 2009 Share Posted November 17, 2009 Double got it this time! Anagram Server Sterling is ******ed . Quote Link to comment Share on other sites More sharing options...
Deckard Posted November 17, 2009 Share Posted November 17, 2009 Double got it this time! Anagram Server Sterling is ******ed . Jeez, he is REALLY mental Hey, GOM - did you hear what I said? It appears you are still in denial... The truth is there for all to see - and there is nothing you can do about it. You were wrong wrong WRONG WRONG WRONG No amount of delusional ramblings on your part is going to change that Loud enough for you this time? Quote Link to comment Share on other sites More sharing options...
live in hope Posted November 17, 2009 Share Posted November 17, 2009 All of this seems to imply that it is all a problem here in the UK. So surely if people with any cash invest it all in foreign funds and markets they will protect their wealth from our currency collapse. Right. Quote Link to comment Share on other sites More sharing options...
Ash4781 Posted November 17, 2009 Share Posted November 17, 2009 Are they selling an inflation protection fund ? Quote Link to comment Share on other sites More sharing options...
live in hope Posted November 17, 2009 Share Posted November 17, 2009 Thats the point. Having not produced money like us , i assume most other countries wont have inflation like us. Will we be alone in this . Surely a chunk of foreign assets will retain value while all here is crashing. Quote Link to comment Share on other sites More sharing options...
grumpy-old-man-returns Posted November 17, 2009 Share Posted November 17, 2009 Double got it this time! Anagram Server Sterling is ******ed . well done yellerkat. Quote Link to comment Share on other sites More sharing options...
DTMark Posted November 17, 2009 Share Posted November 17, 2009 Thats the point. Having not produced money like us , i assume most other countries wont have inflation like us. Will we be alone in this . Surely a chunk of foreign assets will retain value while all here is crashing. Quite so. When this all kicked off, Brown went running round Europe trying to get everyone to adopt, er, stimulus measures. And he keeps saying the same: if we stop the stimulus measures now, the recovery will be lost. Sadly, by "we", he doesn't mean Europe. He actually just means us. But he pretends it's a Europe wide issue. Quote Link to comment Share on other sites More sharing options...
Zzzzzzzzzzzzzzzzzzzzzzzzzz Posted November 17, 2009 Author Share Posted November 17, 2009 (edited) I suppose there's a silver lining - Having hankered after Weimar's economic policies, the guys in charge may suddenly get a theng about German culture and London may start to rival Berlin for coolness! Here's hoping On the Citywire stories being pulled, I'll never forget Vince Cable telling me that he listened to Crosby's comments on the need not to regulate bank lending, etc., before meltdown kicked in. Crosby invited Vince to dinner to warn him off (in oh such a nice way) rocking the boat. Crosby argued that it was unpatriotic not to support the city and bank lending - and he did succeed in quietening Vince down for a bit if I remember rightly. Editors can be got at in a similar way. The powers that be pull rank when a story like this undermines official policy. Edited November 17, 2009 by gruffydd Quote Link to comment Share on other sites More sharing options...
grumpy-old-man-returns Posted November 17, 2009 Share Posted November 17, 2009 I suppose there's a silver lining - Having hankered after Weimar's economic policies, the powers that may suddenly get a general theng about German culture and London may start to rival Berlin for coolness! Here's hoping On the Citywire stories being pulled, I'll never forget Vince Cable telling me that he listened to Crosby's comments on the need not to regulate bank lending, etc., before meltdown kicked in. The powers that be pull rank when a story like this undermines official policy. Crosby argued that it was unpatriotic not to support the city and bank lending - and he did succeed quietening Vince down for a bit if I remember rightly. Editors can be got at in a similar way. Quote Link to comment Share on other sites More sharing options...
Zzzzzzzzzzzzzzzzzzzzzzzzzz Posted November 17, 2009 Author Share Posted November 17, 2009 Quote Link to comment Share on other sites More sharing options...
wren Posted November 17, 2009 Share Posted November 17, 2009 Perhaps the 2020s will be a repeat of the 1970s with rampant money inflation and an oil shock. The next oil price shock could be within 2 or 3 years maybe even next year. Notice that earlier this year oil crept up in price even during widespread global recession. This is why I expect the economic recovery which seems to be occuring in several countries will be temporary as energy prices will hit again causing recession. Quote Link to comment Share on other sites More sharing options...
porca misèria Posted November 17, 2009 Share Posted November 17, 2009 The next oil price shock could be within 2 or 3 years maybe even next year. Notice that earlier this year oil crept up in price even during widespread global recession. This is why I expect the economic recovery which seems to be occuring in several countries will be temporary as energy prices will hit again causing recession. Sounds like good news for businesses and countries less dependent on oil than us ... Quote Link to comment Share on other sites More sharing options...
Traktion Posted November 17, 2009 Share Posted November 17, 2009 (edited) The next oil price shock could be within 2 or 3 years maybe even next year. Notice that earlier this year oil crept up in price even during widespread global recession. This is why I expect the economic recovery which seems to be occuring in several countries will be temporary as energy prices will hit again causing recession. Agreed and devaluing our currency will not help fuel prices either. IMO, as soon as oil prices start going north, the idea of a global economy (as we know it) will become an outdated model. Once it is no longer cheap to ship goods, sourced from cheap labour, half way around the world, things will change permanently. It could be argued that it will bring the jobs home will be a good thing, but many luxuries we take for granted will become a fond memory over time. Maybe we will manage to adjust our energy usage downwards. Maybe we will waste less. Maybe it will just get a lot harder. However, maybe it will cease the endless pursuit of growth and the waste. Maybe it will even sign a return of people looking out for one another. I just hope it doesn't end in war... Edited November 17, 2009 by Traktion Quote Link to comment Share on other sites More sharing options...
Traktion Posted November 17, 2009 Share Posted November 17, 2009 (edited) Sounds like good news for businesses and countries less dependent on oil than us ... At least we're a relatively small, dense country. Those big, spread out countries may become expensive to get around. Edited November 17, 2009 by Traktion Quote Link to comment Share on other sites More sharing options...
HumanAction Posted November 17, 2009 Share Posted November 17, 2009 tedious. Do you have a B side? He was on the money and quite amusing with it. Quote Link to comment Share on other sites More sharing options...
Injin Posted November 17, 2009 Share Posted November 17, 2009 At least we're a relatively small, dense country. Those big, spread out countries may become expensive to get around. I think the US model of driving 140 miles for a burger might need looking at..... Quote Link to comment Share on other sites More sharing options...
Traktion Posted November 17, 2009 Share Posted November 17, 2009 (edited) I think the US model of driving 140 miles for a burger might need looking at..... Yup, I think Buffet may have the right idea on the train front in this respect. US suburban life may get a whole lot less attractive though! P.S. You have a typo in your sig - sortscar. Edited November 17, 2009 by Traktion Quote Link to comment Share on other sites More sharing options...
Zzzzzzzzzzzzzzzzzzzzzzzzzz Posted November 18, 2009 Author Share Posted November 18, 2009 Hey, I like burgers 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.