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Reply to: Here it comes!
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Previously on "Here it comes!"
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Originally posted by AtW View PostInflation in Russia in 1992 was around 2100% per annum, next year was much better though - only 700%
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Originally posted by TimberWolf View PostPeriods of high inflation aren't good times for savers though are they?
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Originally posted by TimberWolf View PostPeriods of high inflation aren't good times for savers though are they?
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Originally posted by Jeebo72 View PostIt 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%
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Originally posted by Jeebo72 View PostIt 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.
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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.
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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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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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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.Tags: None
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