Si1 Posted January 31, 2018 Share Posted January 31, 2018 Oh fun http://www.telegraph.co.uk/business/2018/01/30/mark-carney-calls-meritless-rpi-measure-axed/ Quote Link to comment Share on other sites More sharing options...
winkie Posted January 31, 2018 Share Posted January 31, 2018 Whatever index works out to be more convenient to produce the best and cheapest overall outcome. Statistics damned lies and statistics....... Quote Link to comment Share on other sites More sharing options...
Craig_ Posted January 31, 2018 Share Posted January 31, 2018 To be fair, he is correct in saying there should be one measure of inflation. I just suspect they'll choose the wrong one. Quote Link to comment Share on other sites More sharing options...
Gigantic Purple Slug Posted January 31, 2018 Share Posted January 31, 2018 He's got about a year in the job hasn't he ? That's a great time to push through a load of really unpopular stuff so the next person starts with a clean slate. Quote Link to comment Share on other sites More sharing options...
winkie Posted January 31, 2018 Share Posted January 31, 2018 It was on the cards they would do away with RPI which includes a degree of housing costs, some pensions still also linked..... https://en.m.wikipedia.org/wiki/Consumer_Price_Index_(United_Kingdom) Quote Link to comment Share on other sites More sharing options...
jiltedjen Posted January 31, 2018 Share Posted January 31, 2018 maybe he sees inflation taking off in every day items while houses fall, so he can change it to include more housing costs to mask the real inflation. Either that or with interest rates going up the UK is close to a HPC (and thus partial collapse) leading to sterling being trashed and huge inflation. god knows his motives. always was shocking that the average house price was not included, and weighted for its value. Who gives a toss if your food shopping goes up £100 a year when the average house is up £35,000 or who cares if tale cassettes are getting cheaper, or holidays? what about rent? house prices? The biggest single expenses Quote Link to comment Share on other sites More sharing options...
BorrowToLeech Posted January 31, 2018 Share Posted January 31, 2018 (edited) Very simple max(rpi, HPI) Done. If the BOE wants to hire me as a part time consultant, I can be contacted through this site. Edited January 31, 2018 by BuyToLeech Quote Link to comment Share on other sites More sharing options...
Freki Posted January 31, 2018 Share Posted January 31, 2018 Add a basket of asset prices to measure inflation. We will see how grim the picture is actually Quote Link to comment Share on other sites More sharing options...
Giraffe Posted January 31, 2018 Share Posted January 31, 2018 Timing is everything. It's quite clear they want to switch to CPIH as the only measure as the housing bubble starts to deflate. That should allow them to screw the proles for another 10 years. Quote Link to comment Share on other sites More sharing options...
winkie Posted January 31, 2018 Share Posted January 31, 2018 Confirmed then.....change the official inflation index as and when suits. Quote Link to comment Share on other sites More sharing options...
Si1 Posted January 31, 2018 Author Share Posted January 31, 2018 2 hours ago, Giraffe said: Timing is everything. It's quite clear they want to switch to CPIH as the only measure as the housing bubble starts to deflate. That should allow them to screw the proles for another 10 years. This Quote Link to comment Share on other sites More sharing options...
Si1 Posted January 31, 2018 Author Share Posted January 31, 2018 Indeed. They want to inflate the debts away without admitting to it. Quote Link to comment Share on other sites More sharing options...
longgone Posted January 31, 2018 Share Posted January 31, 2018 too many mirrors and not enough smoke evidently Quote Link to comment Share on other sites More sharing options...
Errol Posted January 31, 2018 Share Posted January 31, 2018 (edited) Isn't Carney's time in the BoE post up in Summer 2018 anyway? So presumably he will be leaving? Edited January 31, 2018 by Errol Quote Link to comment Share on other sites More sharing options...
ccc Posted January 31, 2018 Share Posted January 31, 2018 5 minutes ago, Errol said: Isn't Carney's time in the BoE post up in Summer 2018 anyway? So presumably he will be leaving? Cost us a good few Millon in salary, benefits and pensions. The return ? Plastic notes. Lots of fan charts. Vigilance that knows no bounds. I'm rather picky but I think that's a pretty poor return. Quote Link to comment Share on other sites More sharing options...
crashmonitor Posted January 31, 2018 Share Posted January 31, 2018 Cpi base Jan 1988 134.3/61.9 =+117% Rpi base Jan 1988 278.1/103.3= +169% Quite a difference. Quote Link to comment Share on other sites More sharing options...
zugzwang Posted January 31, 2018 Share Posted January 31, 2018 Worried about inflation, Mr Carney? Then jack the rates, you bloody fool. Jack the rates! Quote Link to comment Share on other sites More sharing options...
Si1 Posted January 31, 2018 Author Share Posted January 31, 2018 56 minutes ago, zugzwang said: Worried about inflation, Mr Carney? Then jack the rates, you bloody fool. Jack the rates! I don't think he actually is worried about inflation. Quote Link to comment Share on other sites More sharing options...
macca13 Posted January 31, 2018 Share Posted January 31, 2018 2 hours ago, Si1 said: I don't think he actually is worried about inflation. It only effects the poor.. Quote Link to comment Share on other sites More sharing options...
Quicken Posted February 1, 2018 Share Posted February 1, 2018 Time to roll out the HPC Money for Nothing Quote Link to comment Share on other sites More sharing options...
Wayward Posted February 1, 2018 Share Posted February 1, 2018 On 31/01/2018 at 2:33 PM, ccc said: Cost us a good few Millon in salary, benefits and pensions. The return ? Plastic notes. Lots of fan charts. Vigilance that knows no bounds. I'm rather picky but I think that's a pretty poor return. Don't forget the photo and publicity stunts...worth every penny Quote Link to comment Share on other sites More sharing options...
zugzwang Posted February 1, 2018 Share Posted February 1, 2018 18 minutes ago, Wayward said: Don't forget the photo and publicity stunts...worth every penny Or 0.01p, after inflation. 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.