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Debate House Prices
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Bad news is coming!
Graham_Devon
Posts: 58,560 Forumite
Oh noes.... inflation may be above target for another 2 years, the BOE is likely to announce on Wednesday.
Commenting economists say rising prices is bad news...
See, in the same article, theres some good news. Something which could take the sting out of the tail of rising prices.....
Thank god for a commodity rising in price....it makes the thought of our commodities rising in price much more bearable.
http://www.cityam.com/wealth-management/market-braced-bad-news-inflation-report
:wall:
Commenting economists say rising prices is bad news...
But I'm not all about bad news, oh no!ECONOMISTS have warned that markets should be braced for bad news this week as the Bank of England releases its quarterly update on the UK’s financial outlook.
“The upcoming Inflation Report is likely to project that inflation will still be clearly above the two per cent target two years ahead, and perhaps not even back to the target three years ahead,” said Citi analyst Michael Saunders.
See, in the same article, theres some good news. Something which could take the sting out of the tail of rising prices.....
Yes...house prices will rise, which is much less gloomy than prices rising.Less gloomy news is expected to come from this week’s Rics housing survey, which is likely to show house prices are rising gradually.
Thank god for a commodity rising in price....it makes the thought of our commodities rising in price much more bearable.
http://www.cityam.com/wealth-management/market-braced-bad-news-inflation-report
:wall:
0
Comments
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above target?
whatever does that mean?
the government's policy is to increase inflation above 2 % and they are doing OK.0 -
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Graham_Devon wrote: »Means it's above the target.
no
only idiots believe governments when all the evidence points to the opposite
the 'target' of 2% inflation is as real as the 'we have no plans to increase VAT'0 -
Isn't it irrelevant anyway (not to Jo(e) Punter obviously) Carney won't be that bothered by inflation will he?"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 -
So, as the cost of my fuel, food, clothes etc. increases, the increase in the cost of my house will mean that I am no worse off.
How does that work ?30 Year Challenge : To be 30 years older. Equity : Don't know, don't care much. Savings : That's asking for ridicule.0 -
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Graham_Devon wrote: »Thank god for a commodity rising in price....it makes the thought of our commodities rising in price much more bearable.
You really, really, really have to learn the difference between consumable goods and assets.“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
HAMISH_MCTAVISH wrote: »You really, really, really have to learn the difference between consumable goods and assets.
You really really really need to understand the difference between a home and an asset.
And in any case, fuel is an asset, clothes are an asset, and so on if speaking in the way you want to portray things.0 -
Graham_Devon wrote: »You really really really need to understand the difference between a home and an asset.
And in any case, fuel is an asset, clothes are an asset, and so on if speaking in the way you want to portray things.
Fuel is a consumable good, food is a consumable good, clothes are consumable goods.
Stocks and shares are assets, houses and land are assets, even cash in the bank is an asset.
But a packet of crisps.... Not so much.“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
HAMISH_MCTAVISH wrote: »Fuel is a consumable good, food is a consumable good, clothes are consumable goods.
Stocks and shares are assets, houses and land are assets, even cash in the bank is an asset.
But a packet of crisps.... Not so much.
shut up.
if i'm a crisp seller, with a warehouse full of crisps, i'm delighted to see rampant CPI, delighted.
inflation causes winners & losers, always always always. it can't magic wealth out of thin air.FACT.0
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