Britain stuck with high inflation, meagre growth..

[EternalOptimist]

Then you're thick.

how much are your metals worth right now, robhino ?

[Mich the Tester]

They cannot be conjured from thin air, and for 5000 years they have always had value.

They have value so long as there's demand for them. Demand changes. Robby cannot predict demand. Neither can I, but I don't pretend I can.

By the way, Cowry shells had value for hundreds, possibly thousands of years. They haven't now.

[Mich the Tester]

how much are your metals worth right now, robhino ?

As much as some other eckonomick jeenius will pay for them.

[Robinho]

They have value so long as there's demand for them. Demand changes. Robby cannot predict demand. Neither can I, but I don't pretend I can.

By the way, Cowry shells had value for hundreds, possibly thousands of years. They haven't now.

So you think houses are going to go out of fashion and people are going to start living in fields?

[EternalOptimist]

So you think houses are going to go out of fashion and people are going to start living in fields?

I am begining to suspect that you are trying to wreck CM's fine thread

[sasguru]

Then you're thick.

No you are, since you're not in debt.

feck me, I couldn't make up a cretin like you.

[Mich the Tester]

So you think houses are going to go out of fashion and people are going to start living in fields?

No. But bigger and bigger houses might not be wanted. People might choose to spend more on other things while living in a small house. In other words, maybe people will let go of the idea of a 'property ladder' and see houses as what they really are; big boxes that are comfortable to live in.

[EternalOptimist]

No. But bigger and bigger houses might not be wanted. People might choose to spend more on other things while living in a small house. In other words, maybe people will let go of the idea of a 'property ladder' and see houses as what they really are; big boxes that are comfortable to live in.

I am torn
part of me, the charitable part, hopes it all turns out well for him
the other 99.999% of me hopes he learns a very hard lesson indeed

[Robinho]

No. But bigger and bigger houses might not be wanted. People might choose to spend more on other things while living in a small house. In other words, maybe people will let go of the idea of a 'property ladder' and see houses as what they really are; big boxes that are comfortable to live in.

The likelihood of that happening is however, far lower than the likelihood that your money in the bank will be greatly diminished by the current level of QE.

Thus returning to the original point. You might think you are being prudent and sensible by saving and having money in the bank, but the reality is you have purchased shares in a company whose stock price is vastly diminishing, that company is pound sterling.

[DimPrawn]

Japan's likely next PM says BOJ may need rates below zero | Reuters


The leader of Japan's main opposition, seen as likely to become premier after a general election next month, called on the central bank to push interest rates to zero or below zero to spur lending, prompting the yen to slide to a six-month low.



What the BoE will do after they bored with QE.

The more you owe, the more you make.