Bad news is coming!

chewmylegoff

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.

i would say clothes are wasting chattels. much like greyhounds*.


* = i apologise in advance to anyone who isn't an accountant / tax adviser.

michaels

chewmylegoff wrote: »

i would say clothes are wasting chattels. much like greyhounds*.


* = i apologise in advance to anyone who isn't an accountant / tax adviser.

That is really disappointing - somehow 'wasting chattels' should mean something a bit more lewd than clothes or greyhounds

headcone

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.

You really really really need to understand that a house can be a home and as in my situation my other houses can be assets.

Conrad

Inflation just doesn't bother me. If goods and services become unaffordable, the market will bring about a price correction.

Low interest rates are key to Britains economic landscape. Savers have options, they can invest in all manner of assets.

It ain't written in the heavens that a Ladybird saver account must pay a descent return. Get a B2L.

Thrugelmir

Conrad wrote: »

Inflation just doesn't bother me. If goods and services become unaffordable, the market will bring about a price correction.

No respite for energy prices though. As global demand will maintain upward pressure.

Graham_Devon

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.

What's a car then?

It's obvious to most people use their home to live in, therefore, rather than putting a business slant on it, accept what it is. You can put a business slant on things when you come to talk about BTL.

globalds

Conrad wrote: »

Inflation just doesn't bother me. If goods and services become unaffordable, the market will bring about a price correction.

.

Or inflation can be a sign that maybe there are more people bidding on the same item.

So maybe no correction ..maybe just accept that from now on you buy the cheap cut of horse because you have been priced out of the beef market ..

globalds

Graham_Devon wrote: »

What's a car then?

.

A money pit ..everyone knows that ..Especially Alfa owners

Thrugelmir

globalds wrote: »

Or inflation can be a sign that maybe there are more people bidding on the same item.

By printing money. This reduces the exchange rate. Thereby increasing inflation.

Inflating away debt isn't painless.

Alternative is to cut wages directly to improve competitiveness.

Or we all work harder increasing productivity or work longer hours for the same money.

Choice is down to each individual.

grizzly1911

globalds wrote: »

Or inflation can be a sign that maybe there are more people bidding on the same item.

So maybe no correction ..maybe just accept that from now on you buy the cheap cut of horse because you have been priced out of the beef market ..

More likley to be the consequence of inflation.

What happens when we can't afford horse or water for that matter.