Deflation Watch pt 153 - International Edition

ninky_2

Generali wrote: »

You reckon? I thought most of the UK's cultural exports were pop music and advertising, both thriving examples of culture created within a free market.

despite the myths of overnight sensations and rags to riches the truth is the skills that fuel success don't come out of thin air. junior orchestras, child theatre groups, fringe arts and small filmmaking are just a few of the examples of things that foster and nuture creativity and performing skills.

StevieJ

ninky wrote: »

despite the myths of overnight sensations and rags to riches the truth is the skills that fuel success don't come out of thin air. junior orchestras, child theatre groups, fringe arts and small filmmaking are just a few of the examples of things that foster and nuture creativity and performing skills.

Ans then there are Jedward :eek:

StevieJ

ninky wrote: »

despite the myths of overnight sensations and rags to riches the truth is the skills that fuel success don't come out of thin air. junior orchestras, child theatre groups, fringe arts and small filmmaking are just a few of the examples of things that foster and nuture creativity and performing skills.

True but as STT mentioned before the fact that English is fast becoming the chosen language of the world oils the wheels of cultural exports.

ninky_2

StevieJ wrote: »

Ans then there are Jedward :eek:

they're not strictly british / from uk though. they're irish.

sabretoothtigger

Where spend is totally discretionary - cars, plasmas, gadgets, toys, furniture and so forth - implementing a price increase for the products you sell is much harder and it is here that deflationary pressures will be greater.

The uk doesnt make cars apart from a few specialist brands. Most cars are imported and have risen in price from what Ive heard.
So we dont have excess supply, our currency exchange rate is lower to buy foreign goods and the ownership of cars elsewhere in the world is rising. Theres no deflation

Same for plasmas, they are made in the far east. Toys used to be made here but are mostly the east again. Furniture I dont know.
Best guide to deflation would currency rate history I think
http://www.xe.com/currencycharts/?from=KRW&to=GBP&view=5Y

Generali

sabretoothtigger wrote: »

The uk doesnt make cars apart from a few specialist brands. Most cars are imported and have risen in price from what Ive heard.
So we dont have excess supply, our currency exchange rate is lower to buy foreign goods and the ownership of cars elsewhere in the world is rising. Theres no deflation

Same for plasmas, they are made in the far east. Toys used to be made here but are mostly the east again. Furniture I dont know.
Best guide to deflation would currency rate history I think
http://www.xe.com/currencycharts/?from=KRW&to=GBP&view=5Y

This is the deflation watch international edition so is more about the scope for deflation across a chunk of the world. You should be posting that on deflation watch part 152 which is the domestic thread.

For the record I am not predicting deflation or high inflation (eg > 1% per month). I think low-ish (in post war terms) inflation is the most likely outcome.

michaels

I believe you mean UK owned companies do not make cars - the employees of Nissan BMW (mini) Toyota, Ford, Land Rover,, Jaguar etc would be very surprised to hear that they don't make cars.

sabretoothtigger wrote: »

The uk doesnt make cars apart from a few specialist brands. Most cars are imported and have risen in price from what Ive heard.

sabretoothtigger

Maybe that is a half way house between imports and fully british produced cars. I presume if the uk cant afford the cars, it will help with the trade balance and would be exported, its simple enough to make left instead of right hand drive

The cost of export and machine changes being the main obstacle otherwise they'll just take production elsewhere

I dont think it counts as excess supply because any profits belong to the holding company and they dont have to stay here or reinvest, etc

This is the deflation watch international edition so is more about the scope for deflation across a chunk of the world. You should be posting that on deflation watch part 152 which is the domestic thread.

For the record I am not predicting deflation or high inflation (eg > 1% per month). I think low-ish (in post war terms) inflation is the most likely outcome.

:doh: I missed that one
No deflation worldwide is my main concern and uk is a result of that rather then the other way round.
I think 5% interest rates is reasonable longer term, not sure what inflation will be but it'll rise till factors like that are level again


http://www.telegraph.co.uk/finance/currency/8002719/Chinese-think-tank-warns-US-it-will-emerge-as-loser-in-trade-war.html

ninky_2

Generali wrote: »

This is the deflation watch international edition so is more about the scope for deflation across a chunk of the world.

however deflation whether international or not always needs to have roots in some domestic (overseas or otherwise) influence somewhere along the line. if the argument is that goods become cheaper from overseas you still need to explain the mechanism by which that happens. everything suggests that demand for raw materials is growing and supply is dwindling.

Generali

sabretoothtigger wrote: »

:doh: I missed that one

Here you go:

https://forums.moneysavingexpert.com/discussion/2492463

(I bet you thought I was taking the p155).