Inflation Rises to 4.7%

Dithering_Dad

ad44downey wrote: »

It is still my money. They are mere custodians of it. And I don't appreciate them wasting it one minute and gambling with it the next.

If it's your money then you should ask for it back.

I wonder if the BoE have enough money to save HBOS liek they did with Northern Rock? With the share price in freefall and the money markets losing confidence in them, it seems to be almost deja vu with what happened to NR.

On a different note. If inflation hits 10% pa and HPC is at 8%pa, does that mean home owners are 2% 'better off' because of the erosion of their debts?

Dan:_4

ad44downey wrote: »

It is still my money. They are mere custodians of it. And I don't appreciate them wasting it one minute and gambling with it the next.

I suppose it depends what angle you look at it. You have no control how it's spent - so how can it be your money?

The best you can do is vote out the Government at the next election, but don't go thinking that the tories will spend the money to your expectations.

teabelly

You are assuming this money they lend out exists in the first place. It is all mythical money that exists nowhere but their balance sheets so it shouldn't really matter if it disappears as it didn't exist in the first place. Money is being created out of thin air, if you move it around fast enough it can be in more than one place at once

mewbie_2

Have you not come across mythical money. It's brilliant. Wife buys something which is marked down in price, therefore creating extra money which can be used to buy something else. Maybe even two things which saves even more. With all this money we're saving I can't see why we even need to bother about bills, etc.

wymondham

Chris2685 wrote: »

The more the buffers are put up, the larger the eventual flood will be when the dam breaks...

Why can't I think up clever stuff like this... this is definately in the running for my sig if that's ok with you chris??!!

posh*spice

Sir_Humphrey wrote: »

The BoE are probably going to have to cut in the not too distant future. With oil and commodities falling, and producer prices starting to fall, inflation may well be going down in six months time,

US CPI went down today - green shoots? :rotfl:I jest...:D

posh*spice

teabelly wrote: »

You are assuming this money they lend out exists in the first place. It is all mythical money that exists nowhere but their balance sheets so it shouldn't really matter if it disappears as it didn't exist in the first place. Money is being created out of thin air, if you move it around fast enough it can be in more than one place at once

Yup - $6 billion wiped of US stock market yesterday, but how much of that is real money?

P.S. yeah - Stevie G just scored

PPS and he got a penalty!