Wednesday, Apr 15, 2015

100 years of deflation. anyone

Dailymail: 2015 tipping point for Inflation?

Very interesting chart...there have clearly been periods of stagnation and deflation.in the
Past...it also fits in with some.commentators that we are heading for decades of DEFLATION
Just like JAPAN after all we are doing exactly what they did which didn't work

Posted by taffee @ 02:38 PM (4207 views)
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8 Comments

1. cyril said...

I like the price graph from 1264 - I wonder what was in the basket of goods in those days?
Today's basket includes gas and electric, fridges, cars, TVs, childminder fees, marriage licences, nursing home costs, football season tickets, holidays and concert tickets. Marriage licenses?
Does anyone beleive this stuff?

Wednesday, April 15, 2015 03:44PM Report Comment
 

2. clockslinger said...

We are not in Japan, Japan is not in deflation, although the monomania of HPC posters extrapolated from the decline in price of certain non prime, kit form pre-fab Japanese housing (admittedly a lot of housing in Japan fits that description) in East Bumfuck would have you believe the same thing will happen here. It won't. Neither is there uniform deflation in Japan. I can tell you that a basket of food shopping in Tokyo has certainly not gone down under Abenomics, nor have train fares (although they are cheap compared to here) (probably because we Brits are used to being financially raped by our world beating monopoly service providers) and I rather fancy that fact has a lot to do with inflation. The Mail isn't about to tell you that we are in a new paradigm...the perfect fusion of corporation and state! (real fascism, not the funny goose-stepping blood and soil romantic nationalist type... I mean the original Mussolini version.) That's what the deal is; here, in America and in Japan, and that is a major factor on what happens to inflation.
Do you really think your owners will sell you the necessaries more cheaply if it means they will have to settle for less?
Wars have been fought over far, far less.

Wednesday, April 15, 2015 04:20PM Report Comment
 

3. taffee said...

Well Japan has had asset deflation since early 90s...property is still.40% less and stocks
Are half than their peak...so I think that counts as deflation

It's also had deflation that affected consumers willingness to buy because they expected prices
To fall

Wednesday, April 15, 2015 05:11PM Report Comment
 

4. nickb said...

>Do you really think your owners will sell you the necessaries more cheaply if it means they will have to settle for less?
why then don't they charge us even more for living space then? They are constrained by competition from other owners and availability of credit. Speaking of which, what is happening to M4 these days?

Wednesday, April 15, 2015 06:20PM Report Comment
 

5. bidin'matime said...

@nickb ('what is happening to M4 these days?')

Still going to Wales, as far as I know... ;-)

(I blame the heat...!)

Wednesday, April 15, 2015 07:39PM Report Comment
 

6. jack c said...

cyril said..."Marriage licenses? Does anyone believe this stuff?" Wednesday, April 15, 2015 03:44PM

Aye, even Elizabeth Taylor didn't buy one of those every week.

Thursday, April 16, 2015 09:27AM Report Comment
 

7. sneaker said...

Were they print paper groats in 1264?

Thursday, April 16, 2015 11:16AM Report Comment
 

8. clockslinger said...

Nick B at 4, last time I looked rents and house prices were up YoY and have been for some considerable time. Mind you, I am relying on this website for my information so.....
Taffee, at 3, yes, so you say, but have you been to Tokyo in the last five years? Did you ever live there? Do you know what has happened to the yen v sterling sine the point in time you say was the acme of Japanese prices?I can tell you 9and I have no interest in this one way or the other except wishing I'd had the money to buy a prime Tokyo flat eight or nine years ago) that prices of proper Tokyo apartments are NOT 40% lower than whenever. They just aren't! As I have said repeatedly, the price of prefabs in the sticks took a beating and haven't recovered, true (not that houses in rural Japan were ever that expensive anyway) but it's the same here in places like Redcar or similar; massive regional variations.
It might be comforting to extrapolate some numbers from a far off land, but reality is something else. I am no expert but I can tell you what I know to be facts on the ground.

Monday, April 20, 2015 01:21PM Report Comment
 

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