Here it comes!

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DiscoStu replied

17 November 2009, 14:06
My debts will all be deflated away
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Doggy Styles replied

17 November 2009, 14:03
Originally posted by AtW View Post

Inflation in Russia in 1992 was around 2100% per annum, next year was much better though - only 700%

Wow! I hope you had a mortgage on a house or two during that time to take advantage.
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HairyArsedBloke replied

17 November 2009, 10:55
Originally posted by TimberWolf View Post

Periods of high inflation aren't good times for savers though are they?

But they are great for debtors. Some high inflation would do wonders for the spending deficit - what luck for the government that it would come along so unexpectedly.
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EternalOptimist replied

17 November 2009, 10:49
Originally posted by TimberWolf View Post

Periods of high inflation aren't good times for savers though are they?

depends on the interest rates, surely
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AtW replied

17 November 2009, 10:47
Originally posted by Jeebo72 View Post

It was always on its way. Happens everytime after QE. For me, it's great news, can't wait til I start earning some interest and pick up a few cheap properties ...

Those that have spent all their mortgage money they've been saving due to low interest rates will be in for a hard time.

money printing

Inflation in Russia in 1992 was around 2100% per annum, next year was much better though - only 700%
Leave a comment:
TimberWolf replied

17 November 2009, 10:46
Originally posted by Jeebo72 View Post

It was always on its way. Happens everytime after QE. For me, it's great news, can't wait til I start earning some interest and pick up a few cheap properties ...

Those that have spent all their mortgage money they've been saving due to low interest rates will be in for a hard time.

Periods of high inflation aren't good times for savers though are they?
Leave a comment:
Jeebo72 replied

17 November 2009, 10:44
It was always on its way. Happens everytime after QE. For me, it's great news, can't wait til I start earning some interest and pick up a few cheap properties ...

Those that have spent all their mortgage money they've been saving due to low interest rates will be in for a hard time.
Leave a comment:
TimberWolf replied

17 November 2009, 10:43
In a way we've had high inflation for the last decade haven't we? In house prices. It's just that the inflation measures didn't take house prices into account, so people thought they were getting richer whereas in fact they were getting poorer. Especially non-house owners and those who ever want to buy bigger houses.
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threaded replied

17 November 2009, 10:38
In the history books it'll be written the crash happened in October, but everyone was in a river in Egypt for a goodly while.
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DimPrawn started a topic Here it comes!

17 November 2009, 10:33
Here it comes!

http://news.bbc.co.uk/1/hi/business/8363656.stm

A key measure of UK inflation has risen for the first time since February, official figures have shown.

The Consumer Prices Index (CPI) climbed to 1.5% in October, up from 1.1% in September.

Meanwhile, the Retail Prices Index (RPI) inflation measure, which includes mortgage interest payments and housing costs, rose to -0.8% from -1.4%.

Better order them wheel-barrows now whilst you can still afford them.
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