Debate House Prices


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Mervyn King : "Inflation may not fall back as strong as expected"

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Comments

  • Generali
    Generali Posts: 36,411 Forumite
    10,000 Posts Combo Breaker
    Kennyboy66 wrote: »
    couldn't remember password :o and e-mail address changed- hence capital K

    I'm afraid I can't stand Redknapp, but great achievement getting them to 4th & cracking run in the CL this year, which must have been great to watch. They seem to have imploded since they were knocked out though.

    Arsenal would be insane to elsewhere, although it seems peverse that Wenger won't just buy a reliable centre half and keeper.

    Are you still getting some marathon cycling in ?

    Not been doing huge amounts of cycling this year due to time pressures although I do ride to work and back weather* and generally being bother permitting. I'm hoping to get some serious kms in next summer and have a vague plan to ride across the Nulabor Plain at some point in time.





    *It isn't a great idea to ride in the wet with slick tyres when you have about 0.5"^2 in contact with the road at any given moment. The descents get quite hairy.
  • HAMISH_MCTAVISH
    HAMISH_MCTAVISH Posts: 28,592 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Generali wrote: »
    Not been doing huge amounts of cycling this year due to time pressures although I do ride to work and back weather* and generally being bother permitting. I'm hoping to get some serious kms in next summer and have a vague plan to ride across the Nulabor Plain at some point in time.

    *It isn't a great idea to ride in the wet with slick tyres when you have about 0.5"^2 in contact with the road at any given moment. The descents get quite hairy.

    Cycling is something I can't seem to get back into.

    The lazy factor means the motorbike gets used far more than the bike, but I do keep thinking I should make the effort.
    “The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.

    Belief in myths allows the comfort of opinion without the discomfort of thought.”

    -- President John F. Kennedy”
  • WardwarkOwner
    WardwarkOwner Posts: 1,766 Forumite
    Thrugelmir wrote: »
    Then go back to the playground where you belong. When you've grown up and feel you can behave like an adult come back on to the forum.

    It is not childish to ridicule a post by someone who idolises idiots who state the obvious. The comment you referred to would have been a statement of the obvious years ago.

    If you can't handle criticism maybe it is you that has some growing up to do.
  • Generali
    Generali Posts: 36,411 Forumite
    10,000 Posts Combo Breaker
    Cycling is something I can't seem to get back into.

    The lazy factor means the motorbike gets used far more than the bike, but I do keep thinking I should make the effort.

    Cycling to work is good for me. It means you have to ride every day, you can't just skip going home because you can't be bothered to get on the bike!

    I miss the close control of a bicycle when I get on a motorbike.
  • WardwarkOwner
    WardwarkOwner Posts: 1,766 Forumite
    ILW wrote: »
    You have not answered the question, just waffled on about it all depends. The question is pretty simple, "What is the highest rate of inflation that you consider acceptable in percentage terms?"

    You can't make the decision on inflation alone.

    For example the current level of inflation would require a rate rise if the economy was doing better and could stand it. However it is pretty clear that the economy is not very healthy and a rate rise would have a detrimental effect that outweighs that caused by inflation at the moment. Inflation also has some benefits in our current situation.

    What do you think the BoE do? is it:-

    a) Spend considerable time looking at all the factors effecting the economy, inflation figures etc and forecasts for the future then form a balanced view tempered by the fact that some of the information is only available in retrospect.

    or

    b) pluck a number out of the air so they can make a nice simple statement that someone like you would understand and say when inflation reaches 6.3847656% we will put up interest rates.

    Obviously the answer is b) 6.3847656%. Hope that helps.
  • ILW
    ILW Posts: 18,333 Forumite
    I never even mentioned interest rates.
    Just wondered what your idea of an acceptable level of inflation was.
    I guess then, that in theory 100% is OK depending upon the circumstances
    I obviously wrongly thought the target was 2% with 1% either way leeway.
  • WardwarkOwner
    WardwarkOwner Posts: 1,766 Forumite
    ILW wrote: »
    I never even mentioned interest rates.
    No but I did as that is the means by which the BoE tackle or promote it.
    ILW wrote: »
    Just wondered what your idea of an acceptable level of inflation was.
    Why? Not much I can do to influence things. And it does depend on many factors.
    ILW wrote: »
    I guess then, that in theory 100% is OK depending upon the circumstances
    Hard to think of a realistic situation where that would be a benefit.
    ILW wrote: »
    I obviously wrongly thought the target was 2% with 1% either way leeway.
    The BoE has a 2% target for inflation but it has other responsibilities as well. At the moment they're taking the view that raising rates would cause more harm than good and the rate of inflation does seem to be falling lately (see March figures).
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