Britains inflation pain at highest since 1992

heathcote123

geneer wrote: »

Yay. Thanks again bulls.

Thats very gracious of you, we did tell you this would happen.

purch

I have no idea where the bitterness has come from.

Oh, come on Graham.

Grow up !!!!!

geneer

heathcote123 wrote: »

Thats very gracious of you, we did tell you this would happen.

Yep. You called it.
The bulls saw the obvious bubble coming, predicted the massive crash, preempted the global meltdown, banked on emergency base rates, and saw the rampant inflation.
Nailed it.



Of course the bears never once predicted that "free money" would be inflationary right? :rotfl:

geneer

purch wrote: »

Oh, come on Graham.

Grow up !!!!!

:rotfl:Yep. No bitterness in that response.

MFW_10Yrs_3

purch wrote: »

Sorry, my bad.

Confused you with the other Graham_Devon who has started hundreds of threads on inflation, oil prices, petrol prices and every other bloody price

Ah, I was wondering why Graham started this thread on inflation while we were still mid discussion on the other thread about inflation. The light dawns.

kabayiri

purch wrote: »

....
Sometimes I worry that people really are not aware at all, about what is actually happening out there :eek:

Au contraire.

People can actually be too aware.

If you spent all week in front of 24 hour media your brain would be well and truly frazzled.

There is literally too much happening to make sense of. Personal debt, state deficits, political fallouts from draconian cuts in places like Greece. 'We are not cutting fast enough' is often argued. 'We are killing demand by making cuts' is argued equally vigorously. Are these ideological positions, economic positions, or purely political?

I do agree, focus on the big ticket issues. But it's pretty difficult when the media feels duty bound to cover all newsworthy items.

purplelila-2007

purch wrote: »

They took the "concerted decision not to" for very good reasons Devo.

I know this doesn't fit into the Devonian School of Economic Nonsense, which thinks that an annual GDP of minus 10% and annual CPI of 2% is great, but to most normal people, a Central Bank that is trying to stop the economy entering a depression, is a good thing.

Completely agree!

ILW

Is it just me, but is it not rather depressing to think the value of any money one may have saved will be halved over 10 or 15 years? I would imagine if people thought the value of their house was going to drop that much they would be pretty !!!!ed off.

Loughton_Monkey

ILW wrote: »

Is it just me, but is it not rather depressing to think the value of any money one may have saved will be halved over 10 or 15 years? I would imagine if people thought the value of their house was going to drop that much they would be pretty !!!!ed off.

About 16 years at 4.4%

It is depressing. But (a) Us 'poor' retirees on 'fixed' resources can get 3.5%-ish on our money, (b) I can - and do - economise by a percent or so each year, (c) we are continually spending, and so on average, the 'inflation loss' is less than 16 years anyway.

How long, maybe, before Merv opines that the current inflation target is 'temporarily unachievable' and it would thus make sense to have a 'temporary new target' of, say, keeping CPI below 5%?

[Deleted User]

dare osborne raise the target?i think if inflation remains around 4% in the new year he will have no choice,but the tories must be losing votes amongst their core vote who rely on investment income