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UK retail sales fell 1.4% in May
Comments
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bingo....
you got there in the end, i always knew that the penny would drop at some point...
inflation is the least of our worries. if the retail sales continue that way i'd start thinking of deflation... i don't think they will fall for too long though.
Just looking at whats said.
Still believe, like many others, a rate rise would be beneficial over the long term.
Still believe the longer we hold off raising rates, the more normal it all becomes, and the bigger the misery when they do actually rise.
Still think the BOE had it wrong. I got laughed at 2 years ago on here for suggesting inflation would go up. Told I didn't know what I was on about and deflation was more likely to happen.
All I'm doing is looking at what teh governor of the BOE is saying, and drawing my conclusions from that.
I also think were now pretty much on the edge of a new "crisis". Which is why I sold off all my FTSE100 shares on Tuesday, overall, on a loss. I'd rather sell now and make a small loss, than ignore greece and the US and sell at a larger loss. Dunno how this Greece thing is going to actually fix itself, regardless of the amount of extensions it gets.
Just taking the evidence and making conclusions. Up until recently, the BOE still insisted they had a mandate. Think it's pretty clear now thats been thrown away. So the evidence is now different, especially considering Merv has openly stated he won't do anything about inflaiton. Would be a shame if that meant at some point, we were forced to change, rather than change ourselves.0 -
Graham_Devon wrote: »Still think the BOE had it wrong.
to be fair, the BoE, the treasury department and the other institutions probably have quite a bit more experience and data to hand to be able to make economic decisions than a random guy on an internet forum.Graham_Devon wrote: »All I'm doing is looking at what teh governor of the BOE is saying, and drawing my conclusions from that.0 -
Graham_Devon wrote: »Just looking at whats said.
Still believe, like many others, a rate rise would be beneficial over the long term.
Still believe the longer we hold off raising rates, the more normal it all becomes, and the bigger the misery when they do actually rise.
Still think the BOE had it wrong. I got laughed at 2 years ago on here for suggesting inflation would go up. Told I didn't know what I was on about and deflation was more likely to happen.
All I'm doing is looking at what teh governor of the BOE is saying, and drawing my conclusions from that.
I also think were now pretty much on the edge of a new "crisis". Which is why I sold off all my FTSE100 shares on Tuesday, overall, on a loss. I'd rather sell now and make a small loss, than ignore greece and the US and sell at a larger loss. Dunno how this Greece thing is going to actually fix itself, regardless of the amount of extensions it gets.
Just taking the evidence and making conclusions. Up until recently, the BOE still insisted they had a mandate. Think it's pretty clear now thats been thrown away. So the evidence is now different, especially considering Merv has openly stated he won't do anything about inflaiton. Would be a shame if that meant at some point, we were forced to change, rather than change ourselves.
Graham, just because you think these things, doesn't make them right. Being cross because each month the BoE votes against what you think won't change things.0 -
RenovationMan wrote: »Graham, just because you think these things, doesn't make them right. Being cross because each month the BoE votes against what you think won't change things.
Scuse me?
How can stating on this forum for the past 2 years inflation will increase, not fall back, make me wrong!?
For what it's worth, I've suggested inflation will probably now fall back middle of next year.
Don't turn into chucky. Just because I don't agree with a policy, doesn't mean I'm angry for pities sake.0 -
there's a difference at inflation being 4% and inflation being sky high...Graham_Devon wrote: »Scuse me?
How can stating on this forum for the past 2 years inflation will increase, not fall back, make me wrong!?
For what it's worth, I've suggested inflation will probably now fall back middle of next year.
Don't turn into chucky. Just because I don't agree with a policy, doesn't mean I'm angry for pities sake.
why do you like mentioning me in your posts so often... do you mind un-subscribing me from your personal issues...0 -
there's a difference at inflation being 4% and inflation being sky high...
Changing the context again?
Suddenly stating inflation will rise, not fall back means I said "inflation will be sky high"?
Why?!!??!?!? Can't you actually catch me out and have a go without making things up and extracting tiny extracts of a paragraph?0 -
Graham_Devon wrote: »Scuse me?
How can stating on this forum for the past 2 years inflation will increase, not fall back, make me wrong!?
For what it's worth, I've suggested inflation will probably now fall back middle of next year.
Don't turn into chucky. Just because I don't agree with a policy, doesn't mean I'm angry for pities sake.
I wouldn't worry about it Graham. The usual suspects, that appear to have no actual viewpoint themselves, apart from wishing to criticise others, continue to believe that those in Government and/or the major institutions, have some sort of inalianable right to get things wrong, continually, but still be right. :doh:There is a pleasure in the pathless woods, There is a rapture on the lonely shore, There is society, where none intrudes, By the deep sea, and music in its roar: I love not man the less, but Nature more...0 -
oh ok, this wasn't you that said this then. i guess it wasn't you then.Graham_Devon wrote: »Changing the context again?
Suddenly stating inflation will rise, not fall back means I said "inflation will be sky high"?
Why?!!??!?!? Can't you actually catch me out and have a go without making things up and extracting tiny extracts of a paragraph?
as for worldtraveller - FTSE at 4,600 what a troll of a clownGraham_Devon wrote: »Predictions worse than Japan?
Therefore I predict rates at 1% within a year. Maybe 0% and sky high inflation.
Apparently the only real way to sidestep deflation is to let inflation sore with no action taken to correct it. That means basically, no wage rises, but double figure inflation.0 -
as for worldtraveller - FTSE at 4,600 what a troll of a clown
As others have stated before on MSE, is that how you speak to people in the real world Chucky? Were you maybe bullied at school Chucky?
There is a pleasure in the pathless woods, There is a rapture on the lonely shore, There is society, where none intrudes, By the deep sea, and music in its roar: I love not man the less, but Nature more...0 -
oh ok, this wasn't you that said this then. i guess it wasn't you then.
as for worldtraveller - FTSE at 4,600 what a troll of a clown
Nearly 3 years ago? Wow, you had to search hard for that one.
Nice though, theres me predicting base rates at 1%. How many others would have done so?
Economy was in a different state then. We didn't even have the inflation and low rates you are taking issues with above. Things change. Opinons change with the economy changing. Of course, we can't find you changing your opinion as you won't actually give it.
Check out my other prediction on the same thread.
So yer, I'm claiming I was right.Based on history. I would predict 3 years worth of historically low interest rates before they start rising again. By rising I mean rising up to medium levels (5%)
If you are going to quote me, quote me in context to what you took issue with. I.e. when base rates were 0.5% and inflation increasing end of 2009.0
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