Inflation, Inflation, Inflation...

wotsthat

CLAPTON wrote: »

you are increasingly becoming a toxic toastie ; full of self hatred, wishing harm to everyone and stamping your little feet when you don't get your own way.

Someone didn't get their eight hours.

I'll continue treading a different path and paying debt down but I don't particularly share your concerns about foreign debts. As long as we have foreigners wishing to lend us money the UK will be borrowing it.

Outside my control.

Thrugelmir

wotsthat wrote: »

I'll continue treading a different path and paying debt down but I don't particularly share your concerns about foreign debts. As long as we have foreigners wishing to lend us money the UK will be borrowing it.

That's what the markets are increasingly concerned with. The logical support to the £ being an increase in increase rates. Something the BOE will wish to stave off for as long as possible. There are no quick and easy fixes to the issues faced.

BobQ

wotsthat wrote: »

Microsoft doing their bit to help the BoE reach their inflation target.



http://www.telegraph.co.uk/business/2016/10/23/microsoft-to-lift-prices-up-to-22pc-over-falling-pound/

Just the impetus needed to convert to Linux and Open Office me thinks.

CLAPTON

wotsthat wrote: »

Someone didn't get their eight hours.

I'll continue treading a different path and paying debt down but I don't particularly share your concerns about foreign debts. As long as we have foreigners wishing to lend us money the UK will be borrowing it.

Outside my control.

increasing debt
selling off future dividend streams
all just to maintain current living standards, whilst fully acknowledging that your children will be poorer in the future

and of course we have no guarantee of foreigners will always be wishing to lend : evidenced by the fall in the value of sterling or haven't you noticed?

but outside your control

wotsthat

CLAPTON wrote: »

increasing debt
selling off future dividend streams
all just to maintain current living standards, whilst fully acknowledging that your children will be poorer in the future

and of course we have no guarantee of foreigners will always be wishing to lend : evidenced by the fall in the value of sterling or haven't you noticed?

but outside your control

Thanks for thinking about my children but they're doing pretty well these days. Same in the Clapton household I guess.

Of course you wish to reduce the current living standards of our families (well mine anyway) because you don't have any confidence the UK can create new dividend streams and assets in the future.

I don't need evidence that foreigners will always be willing to lend - it's bleeding obvious. If they won't fund the current deficit we'll have to live within our means. If they won't lend money to roll over current debt maybe we'll just send them a cheque for £1.2tn.

The UK isn't going to find itself with a government capable of turning down foreign money anytime soon. May as well enjoy the enhanced standard of living it gives us - who knows maybe in 2080 standards of living will fall to those last seen in 2078.

They'll be enjoying unprecedented standards of living and arguing on the telepathycom about which generation is the wealthiest. Those born in 2040 or those born in 2060 - same old.

CLAPTON

wotsthat wrote: »

Thanks for thinking about my children but they're doing pretty well these days. Same in the Clapton household I guess.

Of course you wish to reduce the current living standards of our families (well mine anyway) because you don't have any confidence the UK can create new dividend streams and assets in the future.

the evidence is that the net foreign a/c dividend flows have been declining for some time.

If we were successfully selling off our assets then our net foreign balance would be growing whereas the evidence says thay are declining. So the evidence is we are NOT producing sufficent sellable assets.


this really has nothing to do with brexit: these issues were there before brexit

I don't need evidence that foreigners will always be willing to lend - it's bleeding obvious. If they won't fund the current deficit we'll have to live within our means. If they won't lend money to roll over current debt maybe we'll just send them a cheque for £1.2tn.

The UK isn't going to find itself with a government capable of turning down foreign money anytime soon. May as well enjoy the enhanced standard of living it gives us - who knows maybe in 2080 standards of living will fall to those last seen in 2078.

foreign exchange dealings aren't controlled by the government : its, indeed unlikely that our foreign debts won't be funded, however the reluctance to fund will be shown by offering a lower amount for each pound purchased

May as well enjoy the enhanced standard of living it gives us - who knows maybe in 2080 standards of living will fall to those last seen in 2078.
They'll be enjoying unprecedented standards of living and arguing on the telepathycom about which generation is the wealthiest. Those born in 2040 or those born in 2060 - same old.

no idea what you are saying.

wotsthat

CLAPTON wrote: »

no idea what you are saying.

That you don't know what the bad things will be or when they might happen if ever.

Sterling has fallen in value, Brexit is about to happen and Conrad thinks we're in the third age of prosperity. Maybe there's going to be an export boom and we'll live happily ever after.

Maybe, and I know you don't like the idea, the UK is good at creating and selling assets and the dip you've noticed will be filled as the world economy picks up.

What exactly are you doing to prepare? Do you have any tips?

Thrugelmir

wotsthat wrote: »

Sterling has fallen in value,

Sterling was overvalued Brexit or no Brexit. So would have suffered a correction in any event. A trigger was all that was required. A fall in the value sterling has correlated impacts elsewhere such as Swedish Exports. Which had already suffered a decline in the first six months of the year. The UK being Sweden's 3rd largest export market.

wotsthat

Thrugelmir wrote: »

Sterling was overvalued Brexit or no Brexit. So would have suffered a correction in any event. A trigger was all that was required.

Confirmation bias.

CLAPTON

wotsthat wrote: »

Confirmation bias.

rubbish
I have posted dozens of posts pre brexit about the current a/c deficit, about the increasing dividend outflows abroad, about the sale of UK assets and about the rise of borrowing.

all simple classic textbook economics predicts the fall in the value of the pound at some point.

of course that was before many 'remainers' redefined economics into 'good' economics that somehow showed the EU is a good light (and showed hard to the UK) and 'jewish' economics that was is in the text books