SAGA says......

Graham_Devon

Really2 wrote: »

So why do you think rates need to go up to fight the current inflation?

Let's do a really2..

So why do you think doing nothing to attempt to control rising inflation is a good thing?

julieq

Graham_Devon wrote: »

You are correct.

Make it £247.

The point about percentages stands really.

If a person on £247 a week gets a 15% rise, they get £37 extra in their pocket, which they can buy an extra 24 pints of milk with.

If a person on £515 a week gets a 15% rise, they get £77 extra in their pocket, which they can buy an extra 51 pints of milk with.

Percentages are often a crude, and misleading comparison.

What are they doing with all this milk?

It does seem that those of working age have a far higher future cheesemaking capacity than those of pensionable age, but to be honest it's even stevens in terms of current capacity for yoghurt.

In other news, old people and young people with savings are whining because they can't make money by sitting on a pile of money having demanded that their banks lend less of it to other people for the sake of PRUDENCE. As money naturally multiplies when left in a pile in warm conditions (much like bacteria in cheese), this is UNFAIR.

Will no-one think of the parasites?

Really2

ILW wrote: »

So, is high inflation a good or bad thing?

High inflation? would that not be 10% 15%+

Inflation is current at a moderate level based on world wide commodity price increases and an increase in tax.
It is not down to the value of the currency as currency is around 12% higher than this time last year.

The current levels are not that high, 1.2% should drop out in january straight away, if it carries on when the tax increase drops out, it may have to be looked at.

chucky

people are so emotionally desperately attached to needing rates to go up that they really do believe that BOE interest rates are the only exclusive tool to try and deal with inflation. fiscal policy isn't just about BOE interest rates...

Really2

Graham_Devon wrote: »

Let's do a really2..

So why do you think doing nothing to attempt to control rising inflation is a good thing?

Err, I have argued why on many threads the effect of rate increases and the fragile state the economy.
You have not stated once why you think rates should go up when disposable income is going down?

So stop making pointless posts as my responses have been plain to see.

My question to you was a serious one

Graham_Devon

Really2 wrote: »

Err, I have argued why on many threads the effect of rate increases and the fragile state the economy.
You have not stated once why you think rates should go up when disposable income is going down?

So stop making pointless posts as my responses have been plain to see.

My question to you was a serious one

My question to you was a serious one. One which you won't answer.

I believe your theory, based on your above question, was to let inflation control inflation. I.e. let it rise, and disposable income falls, therefore controlling inflation.

Well thats one new economic theory I guess.

cheapbikinifashion

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　　To my baby once-a more
　　Anyway, yeah!　　Gimme a ticket for an aeroplane
　　Ain't got time to take a cheap bikini train
　　Lonely days are gone, I'm a-goin' home
　　My baby, just-a wrote me a letter　　Well, she wrote me a letter
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　　Listen mister, can't you see I got to get back
　　To my polo bags once-a more
　　Anyway, yeah!　　Gimme a ticket for an aeroplane
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　　My baby, just-a wrote me a letter
　　My baby, just-a wrote me a letter

FTBFun

Graham_Devon wrote: »

Let's do a really2..

So why do you think doing nothing to attempt to control rising inflation is a good thing?

Why does Chewbacca live on the planet Endor?

IT MAKES NO SENSE!

chucky

i'd love the Professor of Devonian Economic Theory explain how cost push inflation will be a long term problem and how to avoid it impacting the UK when it's a global economic issue. i can't see him answering...

Graham_Devon

julieq wrote: »

What are they doing with all this milk?

It does seem that those of working age have a far higher future cheesemaking capacity than those of pensionable age, but to be honest it's even stevens in terms of current capacity for yoghurt.

In other news, old people and young people with savings are whining because they can't make money by sitting on a pile of money having demanded that their banks lend less of it to other people for the sake of PRUDENCE. As money naturally multiplies when left in a pile in warm conditions (much like bacteria in cheese), this is UNFAIR.

Will no-one think of the parasites?

Well if thats the only argument you got against what I said, I'm pretty happy with that.

Will get the usuals excited, thinking it's some kind of put down, so better thank it, but really, pretty pointless post, wasn't it. Especially for julie, who's usually actually got an argument, rather than picking up on "what are they going to do with more milk", seemingly unable to let a simple example go, because theres something, just a tiny something you may just be able to have a go at!

Check it out, all the debt junkies disagreeing with any rate rise for any reason. Bizzare.