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Inflation getting out of control
macaque_2
Posts: 2,439 Forumite
http://news.bbc.co.uk/1/hi/business/7346037.stm
The £ is sinking and inflation as back. Mortgage rates will be in double figures within 2 years. Of that there can be little doubt.
The £ is sinking and inflation as back. Mortgage rates will be in double figures within 2 years. Of that there can be little doubt.
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The threat of stagflation looms large."You were only supposed to blow the bl**dy doors off!!"0
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Looking pretty bad out there, though I think many are in denial about how it is going to hit them.0
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http://news.bbc.co.uk/1/hi/business/7346037.stm
The £ is sinking and inflation as back. Mortgage rates will be in double figures within 2 years. Of that there can be little doubt.
Can't see Gordon getting back in, most people will blame him (quite rightly)Founder member MSE Jet Airways Mile High Club
Member #1
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Can't see Gordon getting back in, most people will blame him (quite rightly)
Can't see labour getting back in. They have screwed this country over big time since they've been in power. (Housing, inflation, Iraq/Afghanistan, Benefit system, Crime and punishment system, i can go on and on all day)
Its hardly Browns fault, he was on a no-winner coming off the back end of Blair.0 -
the £ is sinking which is excellent news for our exporters although bad news for our consumers
fairly unlikely that mortgage rates will be in double figures in two years
but a period of falling house prices and then a long period of house price stability will help first time buyers and people who actually want to live in their houses0 -
If you look back, the Tories were blamed for the last crash
Labour will be blamed for this one.
Whoever is in when there's a crash will be blamed.
They all find fresh new ways to muck things up.0 -
Big ticket items fall in price (houses), everyday necessities rise in price (food and oil).0
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Whats stagflation.
We've been living on a credit fuelled binge... its time for the hangover... Prepare for a rough storm ahead I say... Im not out partying these days... save save, no debt, some savings, pensions all in international markets...
Battened down the hatches and preparing for it... Just hope i keep my job through it all
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