For the love of money is a root of all kinds of evil.
Some people, eager for money - have pierced themselves with many griefs.
Your wealth has rotted, and moths have eaten your clothes.
Hebrews 13:5 Keep your lives free from the love of money and be content with what you have.
Because God has said, "Never will I leave you; never will I forsake you."
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Previously on "QE fooks you over, warns utter cretin at the helm"
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Originally posted by zeitghostIt's only Fair.
You wouldn't want the poor dears to miss their bonuses, now would you?
If someone were to give me a 'piss off premium' of 14 million dollars I'd get the message, piss off and never pollute the workplace with my presence again. What's so hard about that?
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Originally posted by TimberWolf View PostIt does make you wonder how sustainable base rate + some small amount interest rate mortgages are, when the banks receive interest payments being eroded at 5% a year (or more likely 10%-20%).
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Originally posted by DimPrawn View PostIs everyone getting > 5% pay awards then? Otherwise, how does having less money to pay your debts as the cost of living is rising help the debtors or the lenders?
Answers on a postcard please...
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Originally posted by DimPrawn View PostIs everyone getting > 5% pay awards then? Otherwise, how does having less money to pay your debts as the cost of living is rising help the debtors or the lenders?
Answers on a postcard please...
But then it might not, in which case DOOOOOOM!
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Originally posted by Mich the Tester View PostIs a bit of inflation really a bad thing in hte short term given the levels of personal and national debt?
Answers on a postcard please...
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Originally posted by Mich the Tester View PostIs a bit of inflation really a bad thing in hte short term given the levels of personal and national debt?
So you are worse off, as the debt holds the same value against your ability to pay it yet other stuff is also more expensive due to the inflation.
Not sure how inflation affects national debt. Wouldn't surprise me if the clowns in charge have the debt linked to inflation so it's worse off too.
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Originally posted by zeitghostYou ain't seen nothing yet.
Learn the words to "Buddy can you spare a dime".
Hmm, might work.
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Is a bit of inflation really a bad thing in hte short term given the levels of personal and national debt?
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Originally posted by TimberWolf View Post
He's still worried about inflation getting too low.
Apart from that spike in 2008 and identical sized and shaped dip the following year, you can put your pencil through the underlying trend, which is relentlessly upward. It will obviously be at least 4% next year, at the time they're now claiming it will have fallen sharply.
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