JPMorgan acquire Bear Stearns

Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!

You are not logged in or you do not have permission to access this page. This could be due to one of several reasons:

You are not logged in. If you are already registered, fill in the form below to log in, or follow the "Sign Up" link to register a new account.
You may not have sufficient privileges to access this page. Are you trying to edit someone else's post, access administrative features or some other privileged system?
If you are trying to post, the administrator may have disabled your account, or it may be awaiting activation.

Gonzo replied

19 March 2008, 20:33
Originally posted by TheFaQQer View Post

That can't be right - it says that inflation is over 2%! Never!

Don't worry, it isn't.

We all used to work on RPI and that is over 4% but that doesn't matter because we have switched to CPI but that is 2.5% so now we will be dealing in "core inflation" and luckily that is only 1.6%, so there is nothing to worry about.

There is a quote concerning lies and statistics with which I am sure you are all familiar.
Leave a comment:
TheFaQQer replied

19 March 2008, 08:41
That can't be right - it says that inflation is over 2%! Never!
Leave a comment:
Diver started a topic JPMorgan acquire Bear Stearns

19 March 2008, 05:10
JPMorgan acquire Bear Stearns

J P Morgans acquisition of Bear Stearns at $2 a share may come as a surprise to many, But relief may be short lived.
Fed cut a further 3/4% in interest rates to help bolster the failing US financial world last night, but the Bank of England will struggle to follow suit in the UK after official figures yesterday showed inflation hit a nine-month high of 2.5 per cent. Soaring food and energy prices have forced inflation up over its 2 per cent target, and members of the Monetary Policy Committee fear it will rise further if rates are cut.
Gold is set for a massive fall in value after the rapid fall in demand from the asian markets.

Well folks, it looks like the only safe place for our money is in the property market/BTL's and then only as a long term investment, as even there the short term prospects look shaky to say the least.
Tags: None