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Debate House Prices
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Rpi 4.7% cpi 3.3%
Comments
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Bad news for anyone that eats, wears clothes or likes to keep the house warm.
So long as annual HPI is > about 2%, then most homeowners will still be in profit. So what's the problem ? Just ignore inflation, keep interest rates low, and HPI will do the trick. It will, won't it ?30 Year Challenge : To be 30 years older. Equity : Don't know, don't care much. Savings : That's asking for ridicule.0 -
Whichever way you cut it.....
..................... INFLATION IS THEFT"The problem with quotes on the internet is that you never know whether they are genuine or not" -
Albert Einstein0 -
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This inspired me to consider another of your gems (the beauty is your usual spelling of the phrase doesnt matter in this game).
100% correct and guaranteed
This nicely tranfers to
100% !!!!!! anger account
Almost too good to be true!
:j0 -
The targeted measure of inflation is rising at 3.3% pa but the more general one you are correct to say is 4.7%pa.
It is hard to think of a policy that would reduce inflation and not reduce pay rises. After all, inflation is really just companies putting their prices up. If companies can't put their prices up it's hard to see where the money for pay rises would come from.
If the BoE were to put the squeeze on the economy by increasing interest rates, the chances are unemployment would increase. That would effectively increase the supply of labour and decrease its demand thus reducing the price of labour (wages) further. It would probably cut inflation (which is pretty low although above target) but would mean job losses and lower wages too most likely.
Its the global economy stupid. The boe cant do anything about import costs when we have cash that isnt worth the paper on which its printed! :rotfl:
The bank of china has more control of inflation than the BOE imho.0
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