Agreed Rightmove numbers are wishful thinking, although the website reveals an increasing number of unsold properties whose asking price has been reduced. Today's RICS data is more revealing. Something like 75% of UK mortgages are on a fixed rate so ...

What if soaring rates don't kill inflation? Central banks may be about to blow up the economy

The pain felt by, or inflicted upon, the ordinary people is just beginning. Give it a few more months.

Labour market overview, UK: July 2023

You can't have it both ways. Either printing money (2009 - 2021) caused this inflation or it will be the solution to inflation. Somehow I don't believe that printing money right now is the answer unless one considers inflation to be a 'seasonal' ...

What if soaring rates don't kill inflation? Central banks may be about to blow up the economy

Well.... Achieved house prices are only just starting to fall, prior to now there has been a reduction in sales volumes. So I guess we shall see in the near future. I believe that is an aberration from the support provided after the 2008 financial ...

What if soaring rates don't kill inflation? Central banks may be about to blow up the economy

So... you are agreeing but consider society's position on "the scale" to be currently in the safe zone. In 2011 we had riots in Croydon, the nature of the spark was less important than the fact that the tinder was dry enough to flare. We had more ...

Labour market overview, UK: July 2023

Yes, the UK housing market is expensive. However the owner-occupier ratio is back to where it was pre-Thatcher, I read that recently but can't remember where. The high price of housing is due to the general shortage of housing, but that has little ...

What if soaring rates don't kill inflation? Central banks may be about to blow up the economy

No... it is because they had a massive stock market and asset-value crash in the 90s ... rather like the one we all had in 2008, but theirs was worse.

What if soaring rates don't kill inflation? Central banks may be about to blow up the economy

The "unemployment rate" is a measure of social risk. Too high and the streets erupt.

Labour market overview, UK: July 2023

At last some candid thinking from a Central Banker What a guy! A while back some economist wrote that "inflation is when there is too much money chasing too few goods" .. or something like that, a reflection upon the effects of opulence. This ...

What if soaring rates don't kill inflation? Central banks may be about to blow up the economy

The BoE, or more precisely the MPC, do not understand inflation. That is the reason that inflation is as bad as it is right now. This time there are two main causes, and one that I am not allowed to mention without getting CoC'd. So first ... after ...

BOE’s Bailey Rejects Calls to Raise Inflation Target Above 2%

The ineptitude of the BoE's MPC is staggering. It would appear that they spend too much time pouring over defective computer models when they should be thinking or using some of their training. 1) Everything is linked to the cost of energy, so when ...

Problems in the UK? Blame Inflation

I have understood your point (maybe). It takes a while for young people to realise that the metrics or tenets upon which they base judgements and decisions have been installed by someone else, and possibly the installed tenets are merely parroting ...

G7 ministers agree to cut gas consumption and speed-up renewable energy

That is just not true. All young people can think for themselves. The filters which they apply are garnered from their experiences in their lives thus far, and that affects their ability to express themselves. Additionally, all young people are not ...

G7 ministers agree to cut gas consumption and speed-up renewable energy

They already have a common currency. It is called the Yuan (also sometimes Renminbi) .... oh .... he said that...

Could a BRICS Common Currency Work?

Hey Peter, nice to meet with a thinker. Young people learn from the adults around them. If those adults are ignorant and uneducated, and that is usually nobody's fault, then the young people will grow to be ignorant and uneducated. As a result they ...

G7 ministers agree to cut gas consumption and speed-up renewable energy

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Russia’s Medvedev Says G-7 Export Ban to Trigger Grain Deal Exit

Likewise UBS Oh look! The old pals act operating again... url

G7 ministers agree to cut gas consumption and speed-up renewable energy

Anybody posting on this forum is not constrained by servitude ... probably. The poor people are stuck. They have no option but to live their lives as best they can, and complain about all the things you wrote. There is nothing they can do except ...

G7 ministers agree to cut gas consumption and speed-up renewable energy

... and there you have it. In the UK the non-fuelled generating capacity is growing at a significant pace. That should be good for UK plc. In practice there will be bleating about "wholesale electricity pricing" or similar, and the ordinary people ...

G7 ministers agree to cut gas consumption and speed-up renewable energy