BOE and a recession.

lmitchell

https://twitter.com/pkelso/status/1583059033778716672

Cheesy77

TonyTeacake said:

I will repeat myself, this is the same BOE and Fed who said last year inflation is transitory (short lived). Look where inflation is now so their forecasts have been way out. Go and read articles or watch Bailey and Powell on YouTube from last year talking about inflation being transitory.

No way is inflation coming down in 2023 with energy prices being sky high. My information comes from me looking at the reality of what is really going on in the real world. You can read my posts on here from 6 months ago talking about inflation going up and I was saying interest rates are also going to rocket upwards. I also predicted house prices will start to come down by the end of the summer, although it's only been small price drops up to now but in the next few months I predict house prices will start to plummet down really fast.

Nobody is disputing inflation and interest rates are going up, but inflation will come down in 2023, as predicted by every single economist I have read in both the UK and the US. Apologies but I think I'll choose to listen to them over someone on an Internet forum whose source is themselves. 

TonyTeacake

Cheesy77 said:

TonyTeacake said:

I will repeat myself, this is thesame BOE and Fed who said last year inflation is transitory (short lived). Look where inflation is now so their forecasts have been way out. Go and read articles or watch Bailey and Powell on YouTube from last year talking about inflation being transitory.

No way is inflation coming down in 2023 with energy prices being sky high. My information comes from me looking at the reality of what is really going on in the real world. You can read my posts on here from 6 months ago talking about inflation going up and I was saying interest rates are also going to rocket upwards. I also predicted house prices will start to come down by the end of the summer, although it's only been small price drops up to now but in the next few months I predict house prices will start to plummet down really fast.

Nobody is disputing inflation and interest rates are going up, but inflation will come down in 2023, as predicted by every single economist I have read in both the UK and the US. Apologies but I think I'll choose to listen to them over someone on an Internet forum whose source is themselves. 

That is fine I understand you have your view and you prefer to listen to the so called experts whom many said inflation was transitory.

I stick by saying inflation will keep rising and so will interest rates. We will have to wait a long time before inflation comes back down to 2%, I suspect it will take many years.

I expect some nasty shocks to happen in the economy over the next couple of years. Its not like we haven't been here before,  when we've had a boom like this which as artificially pushed asset prices sky high as always ended in a bust.