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Debate House Prices
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Raise rate to get things moving again?
Lewis1967
Posts: 49 Forumite
Small businesses are finding it hard to put their prices up in line with everything else. But their suppliers are having to put their prices up so this has to be passed on to the customer.
Keeping interest rates too low for too long is driving up the prices of everything and in turn people are spending less and busnesses are doing worse.
Even if the price increases are not as much as utilities and other things going up, most people think Ummm seems expensive.
Forget the C.P.LIE they can set that at whatever they want. Real infaltion is felt by how much spare cash average people have after paying for living.
Why not put up interest rates now and stop printing more money? Get real inflation down so the economy starts to pick up.
The way things are going its only going to get worse if keep postponing putting the base rate back up to where it should be.
Keeping interest rates too low for too long is driving up the prices of everything and in turn people are spending less and busnesses are doing worse.
Even if the price increases are not as much as utilities and other things going up, most people think Ummm seems expensive.
Forget the C.P.LIE they can set that at whatever they want. Real infaltion is felt by how much spare cash average people have after paying for living.
Why not put up interest rates now and stop printing more money? Get real inflation down so the economy starts to pick up.
The way things are going its only going to get worse if keep postponing putting the base rate back up to where it should be.
Imagine if China started paying housing benefit the same as the UK. Half a billion people would move from the slums in tin can huts to all these new apartments they are building every year. Property prices would double from where they are now.
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Dear oh dear.0
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Actually he might have a point.
Since inflation is actually making the debt harder to service, maybe there is halfway house to be found.0 -
You missed out "buy silver" from your post OP.
How many is that so far this month? 6? 7?0 -
I cannot recall any successful economies that run with high inflation.0
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I cannot recall any successful economies that run with high inflation.
China is similar to ours but they not have not been very successful have they
'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
China did raise rates when inflation started to take off.
Seems a similar pattern, let us compare the inflation rates for Jan/Feb when we have them, the Vat rise disappears. Oh BTW
http://www.bloomberg.com/news/2011-12-01/goldman-joins-hsbc-bucking-china-economist-majority-with-12-rate-cut-call.htmlInflation Rate in China eased to 4.2 percent in November from 5.5 percent in October, the National Bureau of Statistics said. The rate cooled for a fourth consecutive month, after peaking at 6.5 percent in July.'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
but if rates go up so will my mortgage. I prefer to have a 'next to nothing' mortgage every month then the price of bread going up a few pence.0
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China is similar to ours but they not have not been very successful have they
The question remains if they can have a soft landing or are they in for the big hard landing?Imagine if China started paying housing benefit the same as the UK. Half a billion people would move from the slums in tin can huts to all these new apartments they are building every year. Property prices would double from where they are now.0
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