Never had it so good

[AtW]

houses won't be as affected by inflation.

They certainly will be - that's the whole idea of those muppets who print money - nominally house prices won't drop as much, so that banks won't have to make write offs, and also technically less people in negative equity, but if you use proper valuation that does not use paper money you'll see house prices have dropped dramatically.

The only problem is how to get paid in oil, grain, gold etc.

[TimberWolf]

They certainly will be - that's the whole idea of those muppets who print money - nominally house prices won't drop as much, so that banks won't have to make write offs, and also technically less people in negative equity, but if you use proper valuation that does not use paper money you'll see house prices have dropped dramatically.

The only problem is how to get paid in oil, grain, gold etc.

Is PPP (Purchasing Power Parity) any good for tracking what's going on? Or is the Big Mac Index more digestible (not my joke).

[AtW]

Is PPP (Purchasing Power Parity) any good for tracking what's going on? Or is the Big Mac Index more digestible (not my joke).

PPP does not take into account things like subsidies, and also all sort of risks related to legal/political systems in those countries.

[original PM]

Interesting I was listening on the radio to the peoples responses to this.

Apparently one bloke thought it was bad because he could no longer get credit....... erm missed the point??

Anothe bloke said the cuts were all Camerons fault and it was better under labour.


Eeeeeeh I don;t know not surpising the country is going to the dogs with F**kwits like this on board.

[NotAllThere]

The fact is, if you can stay in work, recessions are good news.

[DimPrawn]

The fact is, if you can stay in work, recessions are good news.

Why, because you can save money and then watch BoE print another trillion ££££ making it a waste of time, or watch your real income eroded with double digit inflation whilse those in public sector jobs and on benefits get index linked pay and pensions?