R + R Posted February 18, 2010 Share Posted February 18, 2010 http://newsvote.bbc.co.uk/1/hi/business/8521587.stm for those who may be unaware of precisely what this means put simply were fecked! well thats just my opinion thoughts PP increased dose of fiscal laxative? rock on! Quote Link to comment Share on other sites More sharing options...
azogar Posted February 18, 2010 Share Posted February 18, 2010 http://newsvote.bbc.co.uk/1/hi/business/8521587.stm for those who may be unaware of precisely what this means put simply were fecked! well thats just my opinion thoughts PP increased dose of fiscal laxative? rock on! £ fell aganst the $ today on this news - but it has been relatively stable against the euro have the tories got the bottle to swing the axe on publc spending - the imf may force their hand in the merry go round of currencies racing to the bottom, it's the euros turn in the spot-light i think that the euro may end up being the safest paper currency, but only if the piigs go to the slaughter house! this chart tells a story....... on another note, so many people i know are in debt up to their eyeballs, yet the lessons are not learned, when will the never never end?! Quote Link to comment Share on other sites More sharing options...
R + R Posted February 19, 2010 Share Posted February 19, 2010 £ fell aganst the $ today on this news - but it has been relatively stable against the euro have the tories got the bottle to swing the axe on publc spending - the imf may force their hand in the merry go round of currencies racing to the bottom, it's the euros turn in the spot-light i think that the euro may end up being the safest paper currency, but only if the piigs go to the slaughter house! this chart tells a story....... on another note, so many people i know are in debt up to their eyeballs, yet the lessons are not learned, when will the never never end?! £ only going one way and it aint up rock on! Quote Link to comment Share on other sites More sharing options...
azogar Posted February 19, 2010 Share Posted February 19, 2010 £ only going one way and it aint up rock on! maybe in the short term, but the vast majority of the damage has been done with the fall from $2+ to -$1.40. Once the merry go round of currency weakness turns from the euro back to the $, then the £ should strengthen again, but nowhere near to $2. Meanwhile the yuan will become stronger with talk already of re-valuation. The $index has a major hurdle at .84 ish but hey i don't trade currencies, not paper ones anyway Quote Link to comment Share on other sites More sharing options...
azogar Posted February 22, 2010 Share Posted February 22, 2010 please excuse some thread up-keeping on my behalf: Fed’s Bernanke to Assure Congress Higher Rates Not Imminent New York Fed President William Dudley indicated yesterday that policy makers need to focus now on maintaining growth rather than fighting inflation, citing a smaller-than-forecast increase in the consumer-price index for January reported by the Labor Department. Another measure of prices, which excludes energy and food, dropped for the first time since 1982. Global Crisis Leads I.M.F. Experts to Rethink Long-Held Ideas One paper has received particular attention for suggesting that central banks should set their target inflation rate much higher — at 4 percent, rather than the 2 percent that is the most widely held standard. As aggregate demand fell across the world in 2008, central banks, including the Federal Reserve, lowered short-term interest rates to nearly zero, where they have largely remained. Quote Link to comment Share on other sites More sharing options...
R + R Posted February 23, 2010 Share Posted February 23, 2010 more laxative and its europes fault! http://www.guardian.co.uk/business/2010/feb/23/mervyn-king-quantitative-easing-eurozone rock on! Quote Link to comment Share on other sites More sharing options...
azogar Posted February 23, 2010 Share Posted February 23, 2010 more laxative and its europes fault! http://www.guardian.co.uk/business/2010/feb/23/mervyn-king-quantitative-easing-eurozone rock on! first it started in america, now it's europes fault we're just such innocent victims Quote Link to comment Share on other sites More sharing options...
getdoon_weebobby Posted February 23, 2010 Share Posted February 23, 2010 Can we borrow Jean-Claude Trichet please?!. The best of it is IF we get an inflation problem its going to kill the housing market so go ahead Mervyn make my day and print away - I mean what did £200bn get us last time - a quarter of 0.1% growth - well done!! Quote Link to comment Share on other sites More sharing options...
R + R Posted March 1, 2010 Share Posted March 1, 2010 http://news.bbc.co.uk/1/hi/business/8543007.stm the £ going rock on! Quote Link to comment Share on other sites More sharing options...
R + R Posted March 1, 2010 Share Posted March 1, 2010 Can we borrow Jean-Claude Trichet please?!. The best of it is IF we get an inflation problem its going to kill the housing market so go ahead Mervyn make my day and print away - I mean what did £200bn get us last time - a quarter of 0.1% growth - well done!! ah them canny wee scots http://www.independent.ie/business/european/greece-now-uk-next-as-scots-ready-for-pound-plunge-2084526.html rock on! Quote Link to comment Share on other sites More sharing options...
getdoon_weebobby Posted March 17, 2010 Share Posted March 17, 2010 http://www.zerohedge.com/article/albert-edwards-predicts-deflation-followed-double-digit-inflation-governments-opt-default-an sits well with my take on where we are heading all through this crisis. i seriously believe this scenario is most likely , that we fight deflationary forces for a few years (say till 2014/15 perhaps) , then it becomes apparent that the debt mountains are unrepayable through tax rises and spending cuts , printing money is increasingly used to monetize debts and inflation rockets 2015+ with stockmarkets rocketing along with real assets / commodities etc , property will eventually follow on last. many will be nominally richer but most so much poorer in real terms. the fiat money not backed by gold experiment will of been a complete failure and probably the end result will be a new world currency linked to gold. Quote Link to comment Share on other sites More sharing options...
R + R Posted March 20, 2010 Share Posted March 20, 2010 a wee bit o inflation would be good for us! http://www.independent.co.uk/news/business/comment/david-prosser-time-to-raise-the-inflation-target-1923093.html then the aul interest rates would follow? rock on! Quote Link to comment Share on other sites More sharing options...
R + R Posted March 22, 2010 Share Posted March 22, 2010 seems we are wrong with the term inflation in the gospel according to the argies its just the reaccommadation of prices! sounds a bit fishy to me http://www.irishtimes.com/newspaper/breaking/2010/0322/breaking32.html rock on! Quote Link to comment Share on other sites More sharing options...
azogar Posted April 6, 2010 Share Posted April 6, 2010 http://news.yahoo.com/s/nm/20100406/bs_nm/us_usa_fed_minutes WASHINGTON, April 6 (Reuters) - The U.S. Federal Reserve could keep interest rates ultra-low for even longer than investors anticipate if the outlook worsens or inflation drops, minutes from the central bank's last meeting suggested.The minutes released on Tuesday showed lingering concern about the U.S. economy's prospects, with policymakers indicating they were in no hurry to raise interest rates. Officials believed their promise to keep rates low for "an extended period" would not unduly constrain the central bank if it felt the need to tighten monetary conditions. "The duration of the extended period prior to policy firming might last for quite some time and could even increase if the economic outlook worsened appreciably or if trend inflation appeared to be declining further," the minutes said. "Such forward guidance would not limit the (policy-setting) committee's ability to commence monetary policy tightening promptly," they said. Quote Link to comment Share on other sites More sharing options...
R + R Posted April 12, 2010 Share Posted April 12, 2010 more reaccommodating of prices? http://www.independent.ie/business/european/further-devaluation-of-pound-must-be-an-option-says-soros-2134209.html rock on! Quote Link to comment Share on other sites More sharing options...
azogar Posted April 12, 2010 Share Posted April 12, 2010 more reaccommodating of prices? http://www.independent.ie/business/european/further-devaluation-of-pound-must-be-an-option-says-soros-2134209.html rock on! hmm, treat soros opinon with caution, i guess his quietly buying the pound here not long ago soros said gold was the ultimate bubble and lo and behold a few weeks later guess what he was buying http://www.telegraph.co.uk/finance/personalfinance/investing/gold/7259161/George-Soros-buys-gold-despite-dubbing-it-ultimate-bubble.html Quote Link to comment Share on other sites More sharing options...
getdoon_weebobby Posted April 20, 2010 Share Posted April 20, 2010 (edited) cpi - 3.4% rpi - 4.4% CPI Feb10 = 112.9 CPI Mar10 = 113.5 RPI Feb10 = 219.2 RPI Mar10 = 220.7 CPI has increased by 0.53% in a month and RPI by 0.68% These if annualised would be annual increases of 6.5% and 8.5% respectively. QE is indirectly funding the budget deficit using printed money. The advantage for the government is that they can have their cake and eat it - they can keep taxes the same, keep the jobs, keep people on benefits, keep the banks bailed out, keep house prices high. And most importantly not lose too many votes. Indeed, only a forced buyer would hoover gilts up at current prices. Cue Bank of England and legally obligated Pension Funds. i have been expecting this upward traend. now should it continue going forward i await how the gilt market / govt / BoE react. Are they really going to try and inflate away the debt and will they get away with it ?? Edited April 20, 2010 by getdoon_weebobby Quote Link to comment Share on other sites More sharing options...
Malthus Posted April 20, 2010 Share Posted April 20, 2010 cpi - 3.4% rpi - 4.4% CPI Feb10 = 112.9 CPI Mar10 = 113.5 RPI Feb10 = 219.2 RPI Mar10 = 220.7 CPI has increased by 0.53% in a month and RPI by 0.68% These if annualised would be annual increases of 6.5% and 8.5% respectively. QE is indirectly funding the budget deficit using printed money. The advantage for the government is that they can have their cake and eat it - they can keep taxes the same, keep the jobs, keep people on benefits, keep the banks bailed out, keep house prices high. And most importantly not lose too many votes. Indeed, only a forced buyer would hoover gilts up at current prices. Cue Bank of England and legally obligated Pension Funds. i have been expecting this upward traend. now should it continue going forward i await how the gilt market / govt / BoE react. Are they really going to try and inflate away the debt and will they get away with it ?? Yes and No imho Quote Link to comment Share on other sites More sharing options...
azogar Posted April 20, 2010 Share Posted April 20, 2010 Yes and No imho yes to printy printy and no regarding their excuses? Quote Link to comment Share on other sites More sharing options...
Malthus Posted April 20, 2010 Share Posted April 20, 2010 yes to printy printy and no regarding their excuses? Yes if Labour win they will try an inflate away the debt , and no it won't work as Weimar , Argentina and Zim have all found out the hard way Quote Link to comment Share on other sites More sharing options...
getdoon_weebobby Posted May 6, 2010 Share Posted May 6, 2010 http://www.zerohedge.com/article/if-it-smells-funding-crisis-and-it-looks-funding-crisis Quote Link to comment Share on other sites More sharing options...
azogar Posted May 6, 2010 Share Posted May 6, 2010 http://www.zerohedge.com/article/if-it-smells-funding-crisis-and-it-looks-funding-crisis the bears are back in town! if the markets are left to their own devices, deflation will out; just watch out for them pesky politicians and their money printing central bank friends! re. gold - i am neutral at the mo, we are very much at a pivot point imo as the pattern is starting to look very much like mid-2008 have you checked this guys work, video inc. - http://www.marketoracle.co.uk/financial_markets_analysis_videos_5.htm#vid2 Quote Link to comment Share on other sites More sharing options...
R + R Posted May 6, 2010 Share Posted May 6, 2010 the bears are back in town! if the markets are left to their own devices, deflation will out; just watch out for them pesky politicians and their money printing central bank friends! re. gold - i am neutral at the mo, we are very much at a pivot point imo as the pattern is starting to look very much like mid-2008 have you checked this guys work, video inc. - http://www.marketoracle.co.uk/financial_markets_analysis_videos_5.htm#vid2 i wouldnt be betting on the markets being left to their own devices! more laxative merv! rock on! Quote Link to comment Share on other sites More sharing options...
R + R Posted May 8, 2010 Share Posted May 8, 2010 bad bad speculators http://www.independent.ie/breaking-news/world-news/euro-leaders-agree-calming-measures-2170636.html just what are they proposing? currency controls? rock on! Quote Link to comment Share on other sites More sharing options...
R + R Posted May 8, 2010 Share Posted May 8, 2010 bad bad speculators http://www.independent.ie/breaking-news/world-news/euro-leaders-agree-calming-measures-2170636.html just what are they proposing? currency controls? rock on! the irish times take on it http://www.irishtimes.com/newspaper/finance/2010/0508/1224269950342.html so where does the ecb magic this 600 bill fom yet more debt for the european serf ? or printy printy? rock on! Quote Link to comment Share on other sites More sharing options...
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