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Inflation or Deflation, where are we going ?
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Also somewhat worse off due to the huge trade deficit. My thoughts are that we'll see asset prices falling for an extended period but everyday goods such as food & energy/ fuel staying in positive inflationary territory.
It's possible. My belief is that the trade deficit will have to shrink dramatically or even come into balance due to problems financing it. As a result, the pound should stabilise albeit at lower levels.
That assumes nobody does anything really stupid like actually try to follow through the policies announced by the Labour Government when the bond market refuses to lend them the money.0 -
It's possible. My belief is that the trade deficit will have to shrink dramatically or even come into balance due to problems financing it. As a result, the pound should stabilise albeit at lower levels.
Quite why this hasn't happened some time ago is something of a mystery. It may actually be quite good as imports will become increasingly expensive prompting an expansion of UK based activities (farming etc).0 -
My parents still talk of "the Argentine".
Football fans always seem to put a definite article in front of team names, eg, 'the Arsenal' 'the Hammers' etc.
Do they therefore say 'the the Ukraine'?'Never keep up with Joneses. Drag them down to your level. It's cheaper.' Quentin Crisp0 -
Also somewhat worse off due to the huge trade deficit. My thoughts are that we'll see asset prices falling for an extended period but everyday goods such as food & energy/ fuel staying in positive inflationary territory.
We are also much worse off than Japn was in the 1990s - at least they had strong export markets to sell to - we have nothing to sell as we dont manufacture anything anymore - and even if we did those markets are depressed anyway.
Does not bode well IMHO.
On the other hand it ought to be a great opportunity to put UK PLC back on the map - with some great new wealth generating industry (ies). PLEASE!0 -
I've always considered it an Irish thing to stick in a "the" where it doesn't really belong.Austin_Allegro wrote: »Football fans always seem to put a definite article in front of team names, eg, 'the Arsenal' 'the Hammers' etc.
Do they therefore say 'the the Ukraine'?0
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