Its time to buy Posted March 4, 2008 Share Posted March 4, 2008 *High houseprices *Increasing cost of borrowing *Early retirement unlikely *Soaring energy and food costs *Rising taxes *Savings eroded daily Yes - if you dont have wealthy parents, no assets, not a footballer, celebrity, or an entrepreneur and on average wage; working making someone else richer... Expect to get poorer. We go from bubble to the next, thats how to stay ahead - you must participate in the latest trend or inflation is going to slowly wipe you out..... Its not fair for the average man whos had to put up with high house prices and now soaring living costs? Sorry no deflation..... we're back to the 70s again. Roaring, soaring inflation. Thats what the asset rich want, thats what the asset rich get. Get your money out of houses, get in to agriculture, oil, mining and energy. People and companies will make a lot of money on the back of this - these are your next millionaires and billionaires. Wage inflation will come from these sectors from increased profits...eventually... but not until the average man on the street has fallen a rung lower in wealth. Ride the wave, get ready for the next.... Quote Link to comment Share on other sites More sharing options...
HomeSeeking Posted March 4, 2008 Share Posted March 4, 2008 Every day the average man gets closer to joining the biggest growing group in the world. The poor. When the Chancellor makes his speech next week remember that when he says "growth" he means the gap between the rich and the poor is getting bigger. Quote Link to comment Share on other sites More sharing options...
godless Posted March 4, 2008 Share Posted March 4, 2008 Very true, luckily I do have a small amount of asset wealth but nowhere near being able to buy a home at these prices. But I need only a couple more months to fully protect myself against most of the problems I envisage will occur. I believe stagflation is now a very strong possibility and depending on how much the gov interfere in the economics, deflation will occur in property, cars, non-essential goods and food, certain commodities and energy will rocket to the moon all on the back of low wage inflation Quote Link to comment Share on other sites More sharing options...
Its time to buy Posted March 4, 2008 Author Share Posted March 4, 2008 Wage inflation will come from these sectors from increased profits...eventually... but not until the average man on the street has fallen a rung lower in wealth. They will give you wage inflation - just enough to keep you in the "game", so the rich at the top are kept that way... Basta*ds!!!! Quote Link to comment Share on other sites More sharing options...
godless Posted March 4, 2008 Share Posted March 4, 2008 Thats why I prefer to create my own wage inflation I'd rather be poor and free than poor and a slave Quote Link to comment Share on other sites More sharing options...
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