Effects of recession?

lostinrates

bendix wrote: »

That's just not true geoff. Real returns on savings are higher now than they have been for years. With interest rates around 2-3% and inflation in the negative, you're getting a better return on your money now than at any other time in recent history.

average might be so: for us personally what we spend on has gone up in price. Whether than continues into this winter is yet to be seen.

Jonbvn

bendix wrote: »

That's just not true geoff. Real returns on savings are higher now than they have been for years. With interest rates around 2-3% and inflation in the negative, you're getting a better return on your money now than at any other time in recent history.

Unfortunately, inflation is not negative for everyone, particularly those that do not have a mortgage.

Thrugelmir

lostinrates wrote: »

average might be so: for us personally what we spend on has gone up in price. Whether than continues into this winter is yet to be seen.

Is that personal or business expenditure?

lostinrates

Thrugelmir wrote: »

Is that personal or business expenditure?

At the moment its personal, but a lot of it is the same stuff we'll be on larger scale for business (e.g. grains/feeds/agricutural produce). A decent percentage of our spend is also on DH's commuting costs.

thriftybabe

A lot of our friends in Construction are hurting badly. However, out with it I have not seen too much damage. Neighbours are still going their 4 holidays a year. The other neightbours are on their 3rd! When I look where we live out of the 10 households we are the only ones that have been hit. Life is normal for everyone else except that they pay a bit less interest on their mortgages!

Thrugelmir

lostinrates wrote: »

At the moment its personal, but a lot of it is the same stuff we'll be on larger scale for business (e.g. grains/feeds/agricutural produce). A decent percentage of our spend is also on DH's commuting costs.

What are grain prices now ? I worked for an Agricultural Merchant for a number of years. When I left malting barley was down to around £40pt from £165pt when I joined.

lostinrates

Thrugelmir wrote: »

What are grain prices now ? I worked for an Agricultural Merchant for a number of years. When I left malting barley was down to around £40pt from £165pt when I joined.

I'll have to check to confirm. I'm buying small scale ATM (about 80/100kg a week including prepared feeds) so ''inflated'' prices anyway. Not sure how much the indian summer will have improved things, becuase a lot that looked like it was going to be ploughed in was harvested, but how good that yield has been won't be clear yet.

Forage is another biggy, bales off the field earlier were scarce, poor quality and expensive: and there is more competition for the good stuff from feed manufacturers to turn into chop and fibre based feeds. I'm panicking because our hasn't been delivered yet, but we should get half decent stuff, partly because I can use big bales.

lostinrates

Just checking the latest and grain yields don't seem down at this point by as much as I had feared , but some OSR is up though, in my region, it did seem even earlier this year!

SingleSue

bendix wrote: »

.

Low inflation, low interest rates. If people are feeling the pinch it is because they overextended themselves and find their credit harder to come by, which is no bad thing. People say pensions have suffered, but the FTSE today is up 5% this calendar year, and is roughly the same level as at this time twelve months ago.

If these impacts are the definition of a disastrous recession, then let's have another one soon, can we?

And that is just not true either......some people are feeling the pinch because essentials are still going up but their money remaining static.

Not everyone has overextended, not everyone puts everything on the credit card and not everyone has loans and finance for cars.

Low interest rates do not help everyone...not everyone has a mortgage.

Yes, I am feeling the pinch...and no I have NEVER over extended myself nor do I use credit to get by.

Thrugelmir

SingleSue wrote: »

Low interest rates do not help everyone...not everyone has a mortgage.

Agree that not everyone has a mortgage. But rents are determined by property prices and to a lesser extent interest rates.