House prices rise another 1.2%

[worzelGummidge]

actually massive inflation helps those with debt as the real value of their debt decreases over time

Yes true, it depends on the debt though.
If someone is in debt with credit cards up to their eyeballs and struggling to pay the amount due every month along with the usual day to day stuff then they will be in trouble in the future due to their wage not increasing with inflation (unless Labour gain power again and then for a while everything will be rosy, until Hyper inflation and then IMF time) and the credit card interest rate increasing every month or so. If however someone is in debt with a fixed rate mortgage then they will be making the same payments each month but the real value of their mortgage will be going down.

Good luck everyone, the next 2 - 4 years are going to be interesting.

[DiscoStu]

The cycle is always the same, recession, QE, massive inflation. It's coming ... and as someone with no debt, I can't wait. Bring it on!

Umm, why would you want massive inflation if you have no debt?

[Spacecadet]

The cycle is always the same, recession, QE, massive inflation. It's coming ... and as someone with no debt, I can't wait. Bring it on!

actually massive inflation helps those with debt as the real value of their debt decreases over time

[Jeebo72]

The cycle is always the same, recession, QE, massive inflation. It's coming ... and as someone with no debt, I can't wait. Bring it on!

[DimPrawn]

it was bleedin' obvious the QE was gonna bring inflation

Milan.

Everything except wage inflation.

[milanbenes]

it was bleedin' obvious the QE was gonna bring inflation

Milan.

[BoredBloke]

Word on the street is QE is going to be expanded and also that the money is going to be used to buy assets including property, in order to prop up property prices to a much greater degree.

Which streets are these. I wish they would hurry up so that the pound does another nose dive.

[bogeyman]

Spent it all. I'm now busy running up debt that will be deflated to nothing.

Yes. Marvelous isn't it.

Who was it said: "If you're not living beyond your means, you're not living"?

I think in the end, the reckless borrowers will be vindicated, and their debts written off with public money, and the frugal and sensible will be pilloried and flogged in the streets.

C' est la ferking vie

[TimberWolf]

This mess is going to take an awful lot of cleaning up.

[DiscoStu]

Looks like the government has given up on the pound. What does this mean for savers and where is your cash stashed?

Spent it all. I'm now busy running up debt that will be deflated to nothing.

[TimberWolf]

Looks like the government has given up on the pound. What does this mean for savers and where is your cash stashed?

[DimPrawn]

Word on the street is QE is going to be expanded and also that the money is going to be used to buy assets including property, in order to prop up property prices to a much greater degree.

[BrilloPad]

Just wait until QE is reversed.

[DimPrawn]

http://news.bbc.co.uk/1/hi/business/8340149.stm

V shaped recovery in progress.

http://newsimg.bbc.co.uk/media/image...0_09_466gr.gif

UK is best placed for economic recovery.