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The Last 5 Major Uk Recessions

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Comments

  • Realy
    Realy Posts: 1,017 Forumite
    StevieJ wrote: »
    More to the point if they actually spend the mortgage savings, they will inject stimulus into the recessionary economy.

    Also if they don't spend it and use it to pay of debt they inject liquidity in to the banking system.;)
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    !!!!!!? wrote: »
    In the next few months I think it will remain stubbornly high - that's around 5% on the heavily massaged (to be as low as possible) CPI.

    Remember - inflation staying the same just means prices aren't going up at a faster rate, they are still going up.

    Tell me - when do you envisage real world prices actually starting to fall across the board to less than where they were they were a year ago?

    That is what we are trying to avoid.
    'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher
  • WTF?_2
    WTF?_2 Posts: 4,592 Forumite
    Realy wrote: »
    :rotfl:
    So if it had not happend we would not have any inflationary presure.:rotfl:

    It is now cheaper to fill up my car than last year do you drive or have you got a magic carpet?:rolleyes:


    From the most recent stats:

    http://www.theaa.com/onlinenews/allaboutcars/fuel/2008/october2008.pdf

    UK average prices Oct 2008:
    Unleaded 95 octane: 106.4
    Diesel: 117.7
    Super Unleaded Petrol: 113.4

    http://www.theaa.com/onlinenews/allaboutcars/fuel/2007/October2007.doc
    UK Average prices Oct 2007:
    Unleaded 95 Octane: 97.7
    Diesel: 99.8
    Super Unleaded: 104.3
    --
    Every pound less borrowed (to buy a house) is more than two pounds less to repay and more than three pounds less to earn, over the course of a typical mortgage.
  • setmefree2
    setmefree2 Posts: 9,072 Forumite
    Mortgage-free Glee!
    !!!!!!? wrote: »
    :wall: The rising cost of imported goods due to a collapsing pound :wall:


    !!!!!!? how do you define "inflation"? It seems to be only in relation to the CPI or RPI you seem to ignore "money supply & credit circulating in the economy" in your definition?

    Almost all analysts agree that if there is not an improvement in liquidity then the UK will suffer from massive deflation from the impact of massively falling money supply. I'm not sure that if a packet of cornflakes goes up 2p that this matters, IMHO.:confused:
  • WTF?_2
    WTF?_2 Posts: 4,592 Forumite
    StevieJ wrote: »
    That is what we are trying to avoid.

    Given that people's incomes haven't gone up by anything like as much as prices have, just how much do you want to see prices continue to go up by then?

    Because that is what we are going to see - a widening gap between income and prices.

    People getting measurably and noticeably poorer; All the more so when you take the burden of paying back all that money they borrowed from future income out of their salary.
    --
    Every pound less borrowed (to buy a house) is more than two pounds less to repay and more than three pounds less to earn, over the course of a typical mortgage.
  • Realy
    Realy Posts: 1,017 Forumite
    !!!!!!? wrote: »
    From the most recent stats:

    http://www.theaa.com/onlinenews/allaboutcars/fuel/2008/october2008.pdf

    UK average prices Oct 2008:
    Unleaded 95 octane: 106.4
    Diesel: 117.7
    Super Unleaded Petrol: 113.4

    http://www.theaa.com/onlinenews/allaboutcars/fuel/2007/October2007.doc
    UK Average prices Oct 2007:
    Unleaded 95 Octane: 97.7
    Diesel: 99.8
    Super Unleaded: 104.3

    Oh it must have been my car the tank must have shrunk.:rolleyes: My end of October price was cheaper to fill up!

    The average is always going to look less if prices are going up and opposit on the way down.:rolleyes:

    Considering it takes up to 3 months for drops and increases to go through the system you are totaly for inflation going through the floor then.;)
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    !!!!!!? wrote: »
    From the most recent stats:

    http://www.theaa.com/onlinenews/allaboutcars/fuel/2008/october2008.pdf

    UK average prices Oct 2008:
    Unleaded 95 octane: 106.4
    Diesel: 117.7
    Super Unleaded Petrol: 113.4

    http://www.theaa.com/onlinenews/allaboutcars/fuel/2007/October2007.doc
    UK Average prices Oct 2007:
    Unleaded 95 Octane: 97.7
    Diesel: 99.8
    Super Unleaded: 104.3

    I fill up with the posh Shell super stuff and it costs me less than a quid a litre.
    'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    !!!!!!? wrote: »
    Given that people's incomes haven't gone up by anything like as much as prices have, just how much do you want to see prices continue to go up by then?

    Because that is what we are going to see - a widening gap between income and prices.

    People getting measurably and noticeably poorer; All the more so when you take the burden of paying back all that money they borrowed from future income out of their salary.

    2-3% will do.
    'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher
  • Realy
    Realy Posts: 1,017 Forumite
    setmefree2 wrote: »
    !!!!!!? how do you define "inflation"? It seems to be only in relation to the CPI or RPI you seem to ignore "money supply & credit circulating in the economy" in your definition?

    Almost all analysts agree that if there is not an improvement in liquidity then the UK will suffer from massive deflation from the impact of massively falling money supply. I'm not sure that if a packet of cornflakes goes up 2p that this matters, IMHO.:confused:

    Good luck, you will have more chance of getting Tony Blair issuing an appolgy for blowing all our cash than geting !!!!!! giving you a strait answer on what is obviously happening.
    He does not like it so it does not exist.
  • setmefree2
    setmefree2 Posts: 9,072 Forumite
    Mortgage-free Glee!
    Realy wrote: »
    Good luck, you will have more chance of getting Tony Blair issuing an appolgy for blowing all our cash than geting !!!!!! giving you a strait answer on what is obviously happening.
    He does not like it so it does not exist.

    I'm interested in his/her answer:D.....maybe it's me being thick:p
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