Reply to: BoE said inflation was a temporary blip

[gingerjedi]

English.

HTH

Ahh...

[PAH]

Russian humour.

I think AtW was on about Merv's recent knighthood:

Bank of England Governor Mervyn King gets knighthood in Birthday Honours list - Telegraph


Well done Merv. It's hard work having to photocopy that letter to the exchequer every month to explain why interest rates are staying at 0.5% and how inflation is only a 'temporary blip'.

I'd be laughing too if it wasn't for the devaluing of my warchest, which is still in sterling as I don't have a clue where to invest it that is both 100% safe (or as safe as the bank) and easy to access.

[lilelvis2000]

Which all disproportionally affect the less well off which is fast becoming most of us.

And most especially those of us with little or no work - and living off of savings.

[AtW]

Russian humour.

English.

HTH

[gingerjedi]

Russian humour.

[TimberWolf]

Food costs keep inflation at two-and-a-half year high - Telegraph

Thank god I'm on a diet.

It's amazing inflation is only 4.5% when the price of everything is shooting up at 30% and product sizes are decreasing at the same rate. The guy who fiddles those figures deserves a knighthood.

[gingerjedi]

Energy costs up 20%
Transport costs up 20%
Fuel costs up 30%
Council tax up 6%
Food costs up 10%
Water costs up 20%

The energy companies are all involved in some crooked scheme together to rip the customers off. The gas and electricity costs in UK must be the highest in the world.

Which all disproportionally affect the less well off which is fast becoming most of us.

[DimPrawn]

Food costs keep inflation at two-and-a-half year high - Telegraph

Thank god I'm on a diet.

[TimberWolf]

BBC News - The incredible shrinking shopping basket

[lilelvis2000]

And another thing to think about.

BoE says real danger is deflation and inflation is a temporary blip.

So why is 95% of the BoE pension fund invested in inflation linked bonds, up 88% from last year?

I think that tells us all something.

Wasn't that the whole reason QE was used. To prevent things getting cheaper! My guess is Mervyn King was bending over when he said the above, with a long queue of commodities brokers and energy companies behind him

[fullyautomatix]

Energy costs up 20%
Transport costs up 20%
Fuel costs up 30%
Council tax up 6%
Food costs up 10%
Water costs up 20%

The energy companies are all involved in some crooked scheme together to rip the customers off. The gas and electricity costs in UK must be the highest in the world.

[AtW]

I think that tells us all something.

For Knight Grand Cross of the Order of the British Empire (GBE) they'd invest into deflation linked fund, but for mere KBE good pension is essential

[DimPrawn]

And another thing to think about.

BoE says real danger is deflation and inflation is a temporary blip.

So why is 95% of the BoE pension fund invested in inflation linked bonds, up 88% from last year?

I think that tells us all something.

[Troll]

Are you legally allowed to take wood from fallen trees?

bugger

[Scrag Meister]

Try wearing hockey mask whilst doing it for protection of face - you'll get more money for your work

FTFY

I'm here to trim your bush. SFW