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Bad news for savers
Comments
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gadgetmind wrote: »
Thanks for the explanation and feedback, an interesting view relating to an investment banking report.....:O
J0 -
Were we reading the same report?
The one I read woffled on about Kondratiev Waves, which are way outside the boundaries of mainstream economics, and people can't even agree about where they have occurred in the past never mind what they can tell us about the future.
http://en.wikipedia.org/wiki/Kondratiev_wave#Criticism_of_long_cycles
However, it was the odd use of bold for completely unnecessary emphasis that made me instantly think of green ink.I am not a financial adviser and neither do I play one on television. I might occasionally give bad advice but at least it's free.
Like all religions, the Faith of the Invisible Pink Unicorns is based upon both logic and faith. We have faith that they are pink; we logically know that they are invisible because we can't see them.0 -
Sounds like what happened to our historic concern for UK balance of payments - namely they just stopped paying any attention to the problem whatever (and it's been getting quietly worse ever since.)Could it be any clearer that inflation which we have been told for 40 years is the worst thing that could happen to a country's prosperity is now a policy to reduce the debt? In periods of high inflation where income falls behind prices do people really rush out to the shops and buy stuff that is not food/mortgage/rent/heating etc essentials?.....under construction.... COVID is a [discontinued] scam0 -
I've been export driven throughout my working life and *delight* in telling people trying to sell advertising that we have no customers in the UK and very few in Europe. You usually get that "doe not compute!" expression.I am not a financial adviser and neither do I play one on television. I might occasionally give bad advice but at least it's free.
Like all religions, the Faith of the Invisible Pink Unicorns is based upon both logic and faith. We have faith that they are pink; we logically know that they are invisible because we can't see them.0 -
Isn't that called stagflation?Targeting NGDP instead of CPI inflation would enable the Bank to tolerate higher inflation during the current period of depressed economic growth"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 -
I don't understand how after the example of Japan we allowed a property bubble to build up in the same way with lax monetary policies and dangerous deregulation, and now have no way out but to follow the "lost decade" of low interest rates? Or is this too simplistic?0
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Great article. The thing that gets me is that if the growth figure is not adjusted for rising prices, then it itself is a kind of con where you count high inflation as part of growth?
It is adjusted for rising prices.“I could see that, if not actually disgruntled, he was far from being gruntled.” - P.G. Wodehouse0 -
I don't understand how after the example of Japan we allowed a property bubble to build up in the same way with lax monetary policies and dangerous deregulation, and now have no way out but to follow the "lost decade" of low interest rates? Or is this too simplistic?
Japan had different issues. Though the outcome was similar.0 -
Quote
Nominal Gross Domestic Product measures the economy's total economic output, but without adjusting for rising prices.
Sorry I thought you meant the figures as quoted on the news etc. People don't count inflation as part of growth which is why it isn't used the same.“I could see that, if not actually disgruntled, he was far from being gruntled.” - P.G. Wodehouse0
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