Things can only get ...

padington

http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/10087843/No-saviour-in-sight-as-world-credit-cycle-rolls-over.html

shortchanged_2

Are we supposed to fill in the blanks of the title?

Generali

...biscuitier is my guess.

Actually I was going to post this in my racistly entitled Deflation Eurozone edition. Apparently if you strip out tax, Eurozone inflation is now 0.4%. Graham Devon (and others) might be about to see at close quarters the impact of deflation and whether it's a good or a bad thing.

I think this could be bad deflation (if it happens) but time will tell.

HAMISH_MCTAVISH

Generali wrote: »

Graham Devon (and others) might be about to see at close quarters the impact of deflation and whether it's a good or a bad thing.

I think this could be bad deflation

I agree....

Graham_Devon

Generali wrote: »

...biscuitier is my guess.

Actually I was going to post this in my racistly entitled Deflation Eurozone edition. Apparently if you strip out tax, Eurozone inflation is now 0.4%. Graham Devon (and others) might be about to see at close quarters the impact of deflation and whether it's a good or a bad thing.

I think this could be bad deflation (if it happens) but time will tell.

I'll let you know.

The price of petrol deflating though has been most welcome.

Generali

Graham_Devon wrote: »

I'll let you know.

The price of petrol deflating though has been most welcome.

Not if you own an oil refinery!

Graham_Devon

Generali wrote: »

Not if you own an oil refinery!

And I don't!

There was an interesting conversation going on here yesterday. Some game on Facebook is all the rage. However, people are most upset that the price to buy add ons keeps going up a few pennies day after day.

Little do they realise that they are paying in dollars, and the exchange rate changes daily.

Facebook, and facebook credits could be a useful tool to show the variations in exchange rates. When they find that after some QE, their usual facebook credits go up 30p in price the day after, people may just start getting it.

At the moment though it seems they just blamed the greedy game creators.

If we ever wanted something which is really noticeable to a large percentage of the population, showing how policies effect stuff..... Facebook credits and the exchange rate must surely be a good place to start.

wotsthat

Graham_Devon wrote: »

Facebook, and facebook credits could be a useful tool to show the variations in exchange rates. When they find that after some QE, their usual facebook credits go up 30p in price the day after, people may just start getting it.

Do you work with idiots? If their facebook credits go up by £0.30 in a day due to currency fluctuations how many are they buying? Tell them to buy today - if they buy £70 worth today they'll get 30p more than yesterday.

If they don't understand a simple concept like £ vs $ then why are they going to understand facebook credits vs $?

Maybe you should try using glove puppets and funny voices to get the point over to them?

Graham_Devon

wotsthat wrote: »

Do you work with idiots? If their facebook credits go up by £0.30 in a day due to currency fluctuations how many are they buying? Tell them to buy today - if they buy £70 worth today they'll get 30p more than yesterday.

The 30p was just an example.....

Though not particularly outrageous. 100 facebook credits costs roughly 30p more now than it did a 3-4 weeks ago. We've often seen 2% wiped of the value of sterling in a day. So would amont to pretty much the same.

Theres no need to insult a load of people like you have done. It was (I think) a good example of how the exchange rates effect people who, often care little about why it's increased. It could be a good way of putting things across in the media to start looking at how economic policies effect the people on the street as it were.

wotsthat

Graham_Devon wrote: »

Theres no need to insult a load of people like you have done. It was (I think) a good example of how the exchange rates effect people who, often care little about why it's increased. It could be a good way of putting things across in the media to start looking at how economic policies effect the people on the street as it were.

I didn't insult them. I asked if they were idiots.

The 'people on the street', according to some, are really struggling with the price of 'essentials' increasing faster than headline inflation.

They wouldn't understand how exchange rates work so we relate it to a different everyday (luxury) purchase like Facebook credits. Can you see the contradiction?

We're some of the jammiest gits on the planet but oh so lacking in self-awareness.

Graham_Devon

wotsthat wrote: »

I didn't insult them. I asked if they were idiots.

The 'people on the street', according to some, are really struggling with the price of 'essentials' increasing faster than headline inflation.

They wouldn't understand how exchange rates work so we relate it to a different everyday (luxury) purchase like Facebook credits. Can you see the contradiction?

We're some of the jammiest gits on the planet but oh so lacking in self-awareness.

What contradiction?

I was just stating that it may be a good way of starting to make people aware of how policies we implement effect people.

It's an instant change to facebook users who buy credits. So if we implement a policy today which sees the pound rise 3%, facebook users tommorow will see how that change effects them personally, on one level.

I didn't want to have to go into in depth explanations or have to defend myself for "contradictions" I'm not sure even exist. I'm simply saying it could be a good educational tool considering it so instantly reacts to changes we make and has an impact on so many.

Shouldn't have bothered!