We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
Debate House Prices
In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non MoneySaving matters are no longer permitted. This includes wider debates about general house prices, the economy and politics. As a result, we have taken the decision to keep this board permanently closed, but it remains viewable for users who may find some useful information in it. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Inflation will rise faster than expected
Comments
-
Graham_Devon wrote: »That's the point. We've pretty much (looking at the data only going forward) come to the end of that downward trend.
This isn't looking at one months data, it's looking at all the data and projecting. CPI is a backward looking indicator, so it's easy to look at that data and compare to what's happening now.
We might have come to the end of that trend but won't know until we look back. There might be some surveys and forecasts to look at but there's no such thing as looking at future data.
To be honest I don't think we'll need to look at graphs to know inflation's back - it'll be sudden and sharp.
I'm just not convinced that now is the start of an upswing. Despite QE the effects on money supply have been limited and most recent data is showing an economy bumping along at zero growth. The banks are clinging onto cash for grim death and I can't see that changing anytime soon. Hardly an inflationary setting.0 -
Anyone with index linked savings will be quietly pleased with themselves at this...It's getting harder & harder to keep the government in the manner to which they have become accustomed.0
-
GeorgeHowell wrote: »It's "sticky" largely because virtually unregulated cartels in key sectors like energy and fuel and allowed to price increase virtually as they like.
Interestingly enough. Now that fracking is the rage in the USA. Price of coal has as excess production is being exported. This should help keep a lid on further increases in energy prices for a while.0 -
Thrugelmir wrote: »Interestingly enough. Now that fracking is the rage in the USA. Price of coal has as excess production is being exported. This should help keep a lid on further increases in energy prices for a while.
I doubt it the Middle East will just throttle supply and the cost of extraction of all that fracking will ensure the end result will be expensive to purchase."If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham0 -
Those who remember previous pay freezes will know that the dam bursts eventually. Wage-price spiral, here we come.
A lot of people out there aren't reconciled to permanently reduced circumstances. They're just hanging on waiting for the tide to turn. Then they expect to catch up to where they expected to be."It will take, five, 10, 15 years to get back to where we need to be. But it's no longer the individual banks that are in the wrong, it's the banking industry as a whole." - Steven Cooper, head of personal and business banking at Barclays, talking to Martin Lewis0 -
Thrugelmir wrote: »Interestingly enough. Now that fracking is the rage in the USA. Price of coal has as excess production is being exported. This should help keep a lid on further increases in energy prices for a while.
But we are not allowed to burn the stuff - it creates too much CO2.
See today's fuss about converting half our coal fired power stations to burn more wood than the UK is capable of growing.0 -
Probably a bit of a shock to Merv, though he seems to be surprised by everything that happens.
Is that why he is so highly remunerated? I mean exactly what does his working day consist of? As far as I know his only remit is to keep inflation below 2% and he has screwed up in that respect for donkeys years now. If he is unable to manage that due to his incompetence or the limitations of his role then what the hell are we the taxpayers giving all that money for? He is just another scrounger living off the the rest of us in my opinion. I could fail just as well as he has for a fraction of his salary if anyone in the government is listening.0 -
Is that why he is so highly remunerated? I mean exactly what does his working day consist of? As far as I know his only remit is to keep inflation below 2% and he has screwed up in that respect for donkeys years now. If he is unable to manage that due to his incompetence or the limitations of his role then what the hell are we the taxpayers giving all that money for? He is just another scrounger living off the the rest of us in my opinion. I could fail just as well as he has for a fraction of his salary if anyone in the government is listening.
Mervyn King's remit isn't to keep inflation below 2%.
There is a CPI target of 2% and if inflation moves more than 1 percentage point either side of the target Mr King writes to the Chanceller to explain why.
In addition, in his role as Chairman of the MPC, Mr King is responsible for carrying out the aims of Government policy insofar as he can.0 -
Mervyn King's remit is [STRIKE]
isn't to keep inflation below 2%.
[/STRIKE][STRIKE]There is a CPI target of 2% and if inflation moves more than 1 percentage point either side of the target Mr King [/STRIKE] to writeto the Chanceller. [STRIKE]
to explain why.
[/STRIKE]In addition, in his role as Chairman of the MPC, Mr King is responsible for carrying out the aims of Government policy insofar as he can.
Merv is a part of the governemnent smoke and mirrors machinery.
Divide, confuse, ofcubscate."If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham0 -
Is that why he is so highly remunerated? I mean exactly what does his working day consist of? As far as I know his only remit is to keep inflation below 2% and he has screwed up in that respect for donkeys years now. If he is unable to manage that due to his incompetence or the limitations of his role then what the hell are we the taxpayers giving all that money for? He is just another scrounger living off the the rest of us in my opinion. I could fail just as well as he has for a fraction of his salary if anyone in the government is listening.
Different world, there are millions of people who could get things as wrong as he has, but would not get paid £3 or £400,000 for doing it.
BBC is similar.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.1K Banking & Borrowing
- 253.5K Reduce Debt & Boost Income
- 454.2K Spending & Discounts
- 245.1K Work, Benefits & Business
- 600.7K Mortgages, Homes & Bills
- 177.4K Life & Family
- 258.9K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards