Ani Posted May 25, 2023 Share Posted May 25, 2023 2 hours ago, globaldiver said: I think that they are raising it for a reason other than they are stating. I think that they have worked out that they should have had higher rates for much of the previous 14 or so years, so are using the cover of the expected, standard, knee-jerk response to inflation, of raising interest rates. We’ll see later whether that view has any resonance, if they are slow to reduce interest rates if inflation falls. My guess is that they will reduce rates, but not in line with the fall in inflation. The normal logic is that inflation is demand driven, you putting up rates takes money out of the flow so demand drops. But here inflation is massively driven by supply issues. It does feel that they are a bit of a one trick pony. They have a target to control inflation and only one tool to tackle it. Quote Link to comment Share on other sites More sharing options...
Site Supporter Spider Posted May 25, 2023 Site Supporter Share Posted May 25, 2023 We need the housing market to go up by 20/30% again. Nothing gets an economy moving quite like folk borrowing more to buy a Range Rover and some Balaenciaga shoes. Quote Link to comment Share on other sites More sharing options...
Site Supporter Tonge moor green jacket Posted May 25, 2023 Site Supporter Share Posted May 25, 2023 2 hours ago, Sweep said: Fair enough, I certainly think that the rates have been too low for too long.....not that I really know much about it. I was only saying to my mate the other day, I suspect the days of people having mortgage interest rates of below 2% are gone now, for a very long time I read, only a few weeks ago, an article from some group or other, that suggested ultra low interest rates will return in the not to distant future! Can't see it, but there you go- economists never agree. Quote Link to comment Share on other sites More sharing options...
Site Supporter Tonge moor green jacket Posted May 25, 2023 Site Supporter Share Posted May 25, 2023 9 minutes ago, Ani said: The normal logic is that inflation is demand driven, you putting up rates takes money out of the flow so demand drops. But here inflation is massively driven by supply issues. It does feel that they are a bit of a one trick pony. They have a target to control inflation and only one tool to tackle it. Some inflation after covid because of low supply, and at the begining of the war, but those issues have now dissipated. Can't help feeling now that the latest, and suggested further rises could actually fuel inflation as folk will be wanting even bigger rises to pay the mortgage! Quote Link to comment Share on other sites More sharing options...
Mounts Kipper Posted May 25, 2023 Share Posted May 25, 2023 (edited) IMF got it wrong again. Must be Brexit! https://www.bbc.co.uk/news/business-65707206 Edited May 25, 2023 by Mounts Kipper Quote Link to comment Share on other sites More sharing options...
tomski Posted May 25, 2023 Share Posted May 25, 2023 1 hour ago, Mounts Kipper said: IMF got it wrong again. Must be Brexit! https://www.bbc.co.uk/news/business-65707206 Germany's inflation rate stood at 7.2% in April, above the euro area's average but below the UK's 8.7%. 😂 Quote Link to comment Share on other sites More sharing options...
Mounts Kipper Posted May 25, 2023 Share Posted May 25, 2023 (edited) 13 minutes ago, tomski said: Germany's inflation rate stood at 7.2% in April, above the euro area's average but below the UK's 8.7%. 😂 Aye… and now they’re in recession…. Was supposed to be the UK. Edited May 25, 2023 by Mounts Kipper Quote Link to comment Share on other sites More sharing options...
tomski Posted May 25, 2023 Share Posted May 25, 2023 3 minutes ago, Mounts Kipper said: Aye… and now they’re in recession. You’ve lost me here. Euro zone lower, Germany lower? Why’s ours higher mate. Quote Link to comment Share on other sites More sharing options...
Mounts Kipper Posted May 25, 2023 Share Posted May 25, 2023 8 minutes ago, tomski said: You’ve lost me here. Euro zone lower, Germany lower? Why’s ours higher mate. I’m talking about recession not inflation. Quote Link to comment Share on other sites More sharing options...
Site Supporter Winchester White Posted May 25, 2023 Site Supporter Share Posted May 25, 2023 Their recession is due to cutting off russian gas and oil as far as I can tell after reading a bit into it earlier. That shock has cost them dearly but needs to be done long term. Bad decisions made my Merkel over the years it would seem. Quote Link to comment Share on other sites More sharing options...
Members bolty58 Posted May 26, 2023 Members Share Posted May 26, 2023 19 hours ago, Ani said: Who should they replace him with ? There ain't many left. The magnificent Penny of course. Quote Link to comment Share on other sites More sharing options...
Members bolty58 Posted May 26, 2023 Members Share Posted May 26, 2023 10 hours ago, BobyBrno said: The latest statistics are great news then. Aren’t they? Why are the government getting so much criticism? He is clearly stupid. How does he think housing and services can be provided/sustained at an appropriate level with such population growth? As I said previously, he should change it from 'Cheese' to 'Mince'. Quote Link to comment Share on other sites More sharing options...
Members bolty58 Posted May 26, 2023 Members Share Posted May 26, 2023 6 hours ago, Mounts Kipper said: IMF got it wrong again. Must be Brexit! https://www.bbc.co.uk/news/business-65707206 Quelle surprise! They really are fucking hopeless. They have a political agenda and not an economic one. A tool for globalists. Plain and simple. Quote Link to comment Share on other sites More sharing options...
Mounts Kipper Posted May 26, 2023 Share Posted May 26, 2023 5 hours ago, bolty58 said: Quelle surprise! They really are fucking hopeless. They have a political agenda and not an economic one. A tool for globalists. Plain and simple. I think you’re correct Sir. Quote Link to comment Share on other sites More sharing options...
Site Supporter Spider Posted May 26, 2023 Site Supporter Share Posted May 26, 2023 17 minutes ago, Mounts Kipper said: I think you’re correct Sir. It’s not that long ago you were all rimming the WTO Make your minds up Quote Link to comment Share on other sites More sharing options...
Mounts Kipper Posted May 26, 2023 Share Posted May 26, 2023 (edited) 16 minutes ago, Spider said: It’s not that long ago you were all rimming the WTO Make your minds up Really! Who rimmed them? And what relevance does this have to the IMF? Edited May 26, 2023 by Mounts Kipper Quote Link to comment Share on other sites More sharing options...
Site Supporter Spider Posted May 26, 2023 Site Supporter Share Posted May 26, 2023 6 minutes ago, Mounts Kipper said: Really! Who rimmed them? And what relevance does this have to the IMF? Globalisation And you’re probably right, I’m sure the WTO have never been mentioned around Brexit on here. 🙃 Quote Link to comment Share on other sites More sharing options...
gonzo Posted May 26, 2023 Share Posted May 26, 2023 https://news.sky.com/story/astonishing-betrayal-tories-face-backlash-for-scrapping-animal-welfare-bill-aimed-at-protecting-pets-and-livestock-12889320 Absolute scum. Quote Link to comment Share on other sites More sharing options...
Site Supporter Spider Posted May 26, 2023 Site Supporter Share Posted May 26, 2023 Just now, gonzo said: https://news.sky.com/story/astonishing-betrayal-tories-face-backlash-for-scrapping-animal-welfare-bill-aimed-at-protecting-pets-and-livestock-12889320 Absolute scum. Let’s move on. They’ve got inflation down by 2% Quote Link to comment Share on other sites More sharing options...
Wanderlust Posted May 26, 2023 Share Posted May 26, 2023 Worrying stat out today… There are now 770 thousand 16 to 24 year old NEETs in England. Quote Link to comment Share on other sites More sharing options...
Site Supporter Spider Posted May 26, 2023 Site Supporter Share Posted May 26, 2023 4 minutes ago, Wanderlust said: Worrying stat out today… There are now 770 thousand 16 to 24 year old NEETs in England. 2% off inflation though Quote Link to comment Share on other sites More sharing options...
Wanderlust Posted May 26, 2023 Share Posted May 26, 2023 Anti-Brexiteer Nick Tyrone’s column provided some interesting analysis of the latest polling stats on public attitudes to the failure of Brexit. obviously Nick has his angle, but regardless of your perspective on Brexit, the detail and breakdown of the stats is very informative Check this out Quote Link to comment Share on other sites More sharing options...
Moderators Zico Posted May 26, 2023 Moderators Share Posted May 26, 2023 8 minutes ago, Wanderlust said: Worrying stat out today… There are now 770 thousand 16 to 24 year old NEETs in England. Are social media influencers and vloggers considered to be in employment? Thinking about it Do they have to have to pay tax on their income? They probably should, but do they How is all this regulated? Quote Link to comment Share on other sites More sharing options...
Wanderlust Posted May 26, 2023 Share Posted May 26, 2023 5 minutes ago, Spider said: 2% off inflation though So it’s really 784 thousand NEETs then ? Quote Link to comment Share on other sites More sharing options...
Site Supporter Spider Posted May 26, 2023 Site Supporter Share Posted May 26, 2023 1 minute ago, Wanderlust said: So it’s really 784 thousand NEETs then ? You need to learn some patriotism, sonny Quote Link to comment Share on other sites More sharing options...
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