Joey Buttafueco Jr Posted July 24, 2008 Report Share Posted July 24, 2008 Expected -2.6% Quote Link to post Share on other sites
Timil Posted July 24, 2008 Report Share Posted July 24, 2008 Thats gotta hurt. Quote Link to post Share on other sites
Fully Detached Posted July 24, 2008 Report Share Posted July 24, 2008 1.6% of that was the donkey I bought from DYIV. Thats gotta hurt. Yep. Quote Link to post Share on other sites
Gel Posted July 24, 2008 Report Share Posted July 24, 2008 Boom! Quote Link to post Share on other sites
Objective Developer Posted July 24, 2008 Report Share Posted July 24, 2008 Hang on, won’t this put the pressure on the MPC to drop rates? Quote Link to post Share on other sites
OnlyMe Posted July 24, 2008 Report Share Posted July 24, 2008 Uncontrolled inflation is doing real damage now. The general population are beginning to realise how badly affected their income now and in the future, their savings and any future pensions are going to be hit if this carries on - or indeed they are already clobbered. Smearing the debt problem using an iffy money printing policy so everyone gets a dose of it is a very unsound move. Quote Link to post Share on other sites
PricedOutNative Posted July 24, 2008 Report Share Posted July 24, 2008 Wage inflation for construction workers does not exisit, soon that trend will be felt in other sectors... Uncontrolled inflation is doing real damage now.The general population are beginning to realise how badly affected their income now and in the future, their savings and any future pensions are going to be hit if this carries on - or indeed they are already clobbered. Smearing the debt problem using an iffy money printing policy so everyone gets a dose of it is a very unsound move. Quote Link to post Share on other sites
Jason Posted July 24, 2008 Report Share Posted July 24, 2008 BBC: http://news.bbc.co.uk/1/hi/business/7522994.stm Quote Link to post Share on other sites
Nationalist Posted July 24, 2008 Report Share Posted July 24, 2008 +3.6% in May; -3.9% in June! Can we believe anything the ONS comes out with? Needless to say there is heavy bleating for IR cuts in the MSM. But retail has lived off MEW for the last ten years - retail collapse is totally expected. Quote Link to post Share on other sites
frozen_out Posted July 24, 2008 Report Share Posted July 24, 2008 This is the clearest sign yet of what is really coming. Onced discretionary spending starts to seriously be reined in the job cuts aren't long to follow then it's a death spiral of decline for a good few years. Quote Link to post Share on other sites
Sheer Heart Attack Posted July 24, 2008 Report Share Posted July 24, 2008 According to Money Week, things are about to get even worse for beleagured businesses, especially those trading in overdraft or highly geared... And here in Britain, one of the key measures of money, 'adjusted M4', which covers loans to UK businesses, has actually shrunk by 3.5% over the three months to May, according to Bank of England stats . What's more, over the last four months, mortgage approvals have almost halved, said yesterday's BBA figures. There's always a bit of a time lag before this lot hits the high street. But when it does, as Vicki Redwood says, "the consequences of this squeeze on capital for the real economy could be devastating". In other words, the real credit crunch is about to begin. That means a brutally sharp recession, with much lower company profits and many more job losses. And your bank manager could be about to start getting extremely nasty. Shrinking sales, squeezed margins due to higher input costs, increasing government regulation and the banks now starting to take back their umbrellas because it's p*ssing down outside. I just wanted cheaper houses, not all this crap that goes with it. Quote Link to post Share on other sites
fluffy666 Posted July 24, 2008 Report Share Posted July 24, 2008 +3.6% in May; -3.9% in June! Can we believe anything the ONS comes out with? Needless to say there is heavy bleating for IR cuts in the MSM. But retail has lived off MEW for the last ten years - retail collapse is totally expected. May had 5 saturdays, June had 4. Last year it was the opposite way around, is that taken into account in the figures? Quote Link to post Share on other sites
Realistbear Posted July 24, 2008 Report Share Posted July 24, 2008 On time, just as expected. 6 Months after the crash is public knowledge and phase 2 begins--the spread to the wider economy. Expect massive increases in unemployment in the wake. Quote Link to post Share on other sites
Ash4781 Posted July 24, 2008 Report Share Posted July 24, 2008 Does the BOE look at ONS figures anymore? (other than CPI) Quote Link to post Share on other sites
Patfig Posted July 24, 2008 Report Share Posted July 24, 2008 Hang on, won’t this put the pressure on the MPC to drop rates? Won't dropping rates fuel inflation! Quote Link to post Share on other sites
Patfig Posted July 24, 2008 Report Share Posted July 24, 2008 According to Money Week, things are about to get even worse for beleagured businesses, especially those trading in overdraft or highly geared...And here in Britain, one of the key measures of money, 'adjusted M4', which covers loans to UK businesses, has actually shrunk by 3.5% over the three months to May, according to Bank of England stats . What's more, over the last four months, mortgage approvals have almost halved, said yesterday's BBA figures. There's always a bit of a time lag before this lot hits the high street. But when it does, as Vicki Redwood says, "the consequences of this squeeze on capital for the real economy could be devastating". In other words, the real credit crunch is about to begin. That means a brutally sharp recession, with much lower company profits and many more job losses. And your bank manager could be about to start getting extremely nasty. Shrinking sales, squeezed margins due to higher input costs, increasing government regulation and the banks now starting to take back their umbrellas because it's p*ssing down outside. I just wanted cheaper houses, not all this crap that goes with it. Be careful what you wish for you will definitely get it! Quote Link to post Share on other sites
clv101 Posted July 24, 2008 Report Share Posted July 24, 2008 +3.6% in May; -3.9% in June! Can we believe anything the ONS comes out with? Sure we can - and we can learn not to may much attention to noisy monthly figures. Quote Link to post Share on other sites
mrpleasant Posted July 24, 2008 Report Share Posted July 24, 2008 It's getting so bad now I'm beginning to think if we started a Sensible House Price Party we'd stand a real chance of getting in in 2010... Quote Link to post Share on other sites
The 4 Horsemen Posted July 24, 2008 Report Share Posted July 24, 2008 May had 5 saturdays, June had 4. Last year it was the opposite way around, is that taken into account in the figures? Very good point Quote Link to post Share on other sites
bobthe~ Posted July 24, 2008 Report Share Posted July 24, 2008 Very good point Indeed, but we could smooth those figures and take the 2 months together: End of April = 100 (to make it easier for me) End Of May was therefore 103.6 End of June was 99.56 Therefore a 0.44% drop over those 2 months Quote Link to post Share on other sites
Nicholas Cage Posted July 24, 2008 Report Share Posted July 24, 2008 (edited) Volume is down 2008 04 -0.13% 2008 05 4.17% 2008 06 -4.52% The last time it changed this much was 1991 1991 02 -2.74% 1991 03 6.20% 1991 04 -3.05% Lots of stuff is just like last time, retail volumes should stay stable now. Edit: Which means price not volume will decide the Retail sales in the next few months ?, I think Messing around learning Open Office, DEVSQ Source http://www.statistics.gov.uk/statbase/tsdataset.asp?vlnk=706&More=N&All=Y Edited July 24, 2008 by maxwell Quote Link to post Share on other sites
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