Reply to: oh dear (tm): Osborne's deficit plans suffer setback as UK borrowing rises

[d000hg]

Cornwall?

The weather's pretty lousy in general. Of course when the weather IS good it makes up it.

[darmstadt]

What flat do you live in? Do you have an indoor swimming pool? Is this Birmingham?

Obviously a leaky roof in the attic he lives in

[Zero Liability]

Oh and if HPI was included, the overall level of UK inflation would trigger the need for interest rate rises. And what would that do to the housing market and wider economy?

Not sure what statistical contortions and concoctions the UK uses, but this piece rips apart the US' CPI inputs for "house price inflation", which would have one believe it is subdued. I suspect the measures used here will be similar. More here.

You may as well throw darts at a board for all the use that the CPI/PCE and "unemployment" statistics are. You'd probably get more sensible policy than what is coming out of the central banks now.

[GlenW]

Newcastle?

New South Wales?
Can't be on Tyne cos it's cold there and the females are ... (cojak sensitive omission)

[BrilloPad]

Can't promise any sunshine.

Aren't they cold?

[BrilloPad]

Only proof that the telegraph is like the daily fail.

Its numbers for one month.

Those that believe this story will also say that if a woman is expecting no babies on day 0, and 1 the next day, then 9 months later she will be expecting 270 babies.

The UK economy may be stuffed. But there are still plenty of levers to convince the plebs that all is well.

Keep stocking up on BTL.....

[DimPrawn]

Newcastle?

Can't promise any sunshine.

[PurpleGorilla]

Oh and if HPI was included, the overall level of UK inflation would trigger the need for interest rate rises. And what would that do to the housing market and wider economy?

[PurpleGorilla]

My flat was almost sold for £205k (to me) in 2011, now on the market for £290k.

ZERO fooking inflation.

RPI (x) I think had interest mortgage cost included, but Brown moved the UK to CPI which had no mortgage or interest or house price inflation of any kind.

Now clearly this is bull tulip. Housing is the biggest cost for people, so why exclude it?

Well the banks and gov have made billions from a booming housing market.

The bubble has been easy to stop - but there has been precious little appetite for it.

How you can have HPI at 15-20% pa and wages growing at 1-2% and consider it sustainable I don't know.

I see the FTSE has retracted below 6000 again, time for another bear run?

[AtW]

What flat do you live in? Do you have an indoor swimming pool? Is this Birmingham?

Small 2 bedroom flat, around 1500 sq ft.

HTH

[FatLazyContractor]

My flat was almost sold for £205k (to me) in 2011, now on the market for £290k.

ZERO fooking inflation.

What flat do you live in? Do you have an indoor swimming pool? Is this Birmingham?

[AtW]

2. Inflation (cpi) is at ZERO

My flat was almost sold for £205k (to me) in 2011, now on the market for £290k.

ZERO fooking inflation.

[PurpleGorilla]

oh dear (tm): Osborne's deficit plans suffer setback as UK borrowing rises

Bearing in mind:

1. interest rates are the lowest EVER
2. Inflation (cpi) is at ZERO
3. FTSE is toppy as are global stock markets
4. Fuel is cheap

We are not in a good place, we are, as DP says, fooked!

[FatLazyContractor]

somewhere with sunshine and pretty girls.

Cornwall?

[OwlHoot]

It's all farked.

Just made up numbers to mask other made up numbers.

The true picture is unsustainable borrowing, falling productivity, unsustainable public spending.

Just make enough money to escape somewhere with sunshine and pretty girls, except Greece. Sorted.

FTFY