| US Inflation Hits 6.2% 15:30 - Nov 10 with 1043 views | JACKMANANDBOY |
Printing trillions of dollars with no increase in production. |  |
| |  |
| US Inflation Hits 6.2% on 15:34 - Nov 10 with 1032 views | Catullus |
These things tend to have a knock on effect over here too. I wonder what this does to our economy? |  |
| |
| US Inflation Hits 6.2% on 17:03 - Nov 10 with 991 views | felixstowe_jack |
Is this because of the pandemic or Brexit? | |
| |
| US Inflation Hits 6.2% on 19:02 - Nov 10 with 971 views | Catullus |
| US Inflation Hits 6.2% on 17:03 - Nov 10 by felixstowe_jack |
Is this because of the pandemic or Brexit? |
Possibly because of another useless POTUS? | |
| |
| US Inflation Hits 6.2% on 19:06 - Nov 10 with 968 views | Flynnidine_Zidownes |
| US Inflation Hits 6.2% on 19:02 - Nov 10 by Catullus |
Possibly because of another useless POTUS? |
He’s at the climate convention lecturing us about burning hydrocarbons after weeks and weeks of badgering opec to produce more petrol to keep US gas prices low. These clowns just say whatever they think the audience want to hear and only Flynnidine Zidownes calls them out on it. | | | |
| US Inflation Hits 6.2% on 19:23 - Nov 10 with 960 views | shingle |
| US Inflation Hits 6.2% on 19:06 - Nov 10 by Flynnidine_Zidownes |
He’s at the climate convention lecturing us about burning hydrocarbons after weeks and weeks of badgering opec to produce more petrol to keep US gas prices low. These clowns just say whatever they think the audience want to hear and only Flynnidine Zidownes calls them out on it. |
Now that is what i call a major problem when a guy who has no idea who he is ends up as the only one who is calling them out.  | | | |
| US Inflation Hits 6.2% on 20:06 - Nov 10 with 937 views | JACKMANANDBOY |
| US Inflation Hits 6.2% on 17:03 - Nov 10 by felixstowe_jack |
Is this because of the pandemic or Brexit? |
It's basic poor economics. If you pump money into the economy with no increase in production then there is more money to pay for the same outputs. If you pump in trillions demand will increase and so prices, throw in a few supply chain issues and a labour shortage and prices climb quickly. Unfortunately Biden thinks the solution is to pump in more money, this fuels inflation.
Janet Yellen who runs the treasury is a career politician / academic who has no real experience of running a business or even managing a payroll for example. [Post edited 10 Nov 2021 20:08]
| |
| |
| US Inflation Hits 6.2% on 20:39 - Nov 10 with 915 views | Catullus |
| US Inflation Hits 6.2% on 19:06 - Nov 10 by Flynnidine_Zidownes |
He’s at the climate convention lecturing us about burning hydrocarbons after weeks and weeks of badgering opec to produce more petrol to keep US gas prices low. These clowns just say whatever they think the audience want to hear and only Flynnidine Zidownes calls them out on it. |
Funny, I could have sworn I'd called him out just before you.
perceptions eh, they can be misleading. | |
| |
| US Inflation Hits 6.2% on 20:49 - Nov 10 with 909 views | controversial_jack |
| US Inflation Hits 6.2% on 20:06 - Nov 10 by JACKMANANDBOY |
It's basic poor economics. If you pump money into the economy with no increase in production then there is more money to pay for the same outputs. If you pump in trillions demand will increase and so prices, throw in a few supply chain issues and a labour shortage and prices climb quickly. Unfortunately Biden thinks the solution is to pump in more money, this fuels inflation.
Janet Yellen who runs the treasury is a career politician / academic who has no real experience of running a business or even managing a payroll for example. [Post edited 10 Nov 2021 20:08]
|
If an economy heats up too quickly then inflation can happen because of an increase in the money supply, whether it's printed or as a result of increased productivity.
Higher interest rates or higher unemployment can be used to dampen it down. | | | |
Login to get fewer ads
| US Inflation Hits 6.2% on 21:49 - Nov 10 with 888 views | JACKMANANDBOY |
| US Inflation Hits 6.2% on 20:49 - Nov 10 by controversial_jack |
If an economy heats up too quickly then inflation can happen because of an increase in the money supply, whether it's printed or as a result of increased productivity.
Higher interest rates or higher unemployment can be used to dampen it down. |
Yes, normally you use interest rate rises to calm the economy. The US has so much government, corporate and household debt now that any significant increase in rates would mean cutting back on government spending, businesses going bust and property repossession leading to recession and high unemployment. Instead Biden keeps pumping up the money supply feeding a price and wage inflationary spiral. | |
| |
| US Inflation Hits 6.2% on 22:02 - Nov 10 with 882 views | builthjack |
Everything in this country has gone up at least 10%, a lot more on some things.
Yet inflation is supposedly running at 3%. Codswallop. |  |
| Swansea Indepenent Poster Of The Year 2021. Dr P / Mart66 / Roathie / Parlay / E20/ Duffle was 2nd, but he is deluded and thinks in his little twisted brain that he won. Poor sod. We let him win this year, as he has cried for a whole year. His 14 usernames, bless his cotton socks.
|
| |
| US Inflation Hits 6.2% on 07:09 - Nov 11 with 834 views | felixstowe_jack |
| US Inflation Hits 6.2% on 22:02 - Nov 10 by builthjack |
Everything in this country has gone up at least 10%, a lot more on some things.
Yet inflation is supposedly running at 3%. Codswallop. |
Absolute rubbish that everything in this country has gone up by 10%. | |
| |
| US Inflation Hits 6.2% on 07:16 - Nov 11 with 832 views | Dr_Winston |
Given the amounts that Governments have borrowed during Covid then they won't mind a little bit of managed inflation. It might even be a deliberate tactic.
Sucks for anyone on a fixed wage tho. |  |
| Pain or damage don't end the world. Or despair, or f*cking beatings. The world ends when you're dead. Until then, you got more punishment in store. Stand it like a man... and give some back. |
| |
| US Inflation Hits 6.2% on 09:02 - Nov 11 with 802 views | Whiterockin |
| US Inflation Hits 6.2% on 22:02 - Nov 10 by builthjack |
Everything in this country has gone up at least 10%, a lot more on some things.
Yet inflation is supposedly running at 3%. Codswallop. |
Mortgages? probably the biggest single monthly expenditure of the average family. Until we see the rise there, which will come, the figure will be artificially low. |  | | |
| US Inflation Hits 6.2% on 10:12 - Nov 11 with 757 views | Catullus |
| US Inflation Hits 6.2% on 09:02 - Nov 11 by Whiterockin |
Mortgages? probably the biggest single monthly expenditure of the average family. Until we see the rise there, which will come, the figure will be artificially low. |
We are on a fixed rate for the next 8 years!
A lot of things have gone up, don't know about 10% but there have been plenty of price rises. petrol for example, a few weeks ago I was paying 1.32 per litre, this week I paid 1.44. What's that 8-9%.
Our gas and electricity bill, we are duel fuel and the new tariff we had to move to last month saw our bill increase by 33%. We have a back boiler which is already more expensive, that triggered us to order a new combi which is being fitted Monday.
When petrol goes up everything else goes up. Fuel poverty will catch up with a few this winter. Food prices have gone up more than 3%.
Otherwise the biggest price rises have been for non essential things, garden furniture and equipment saw massive rises, wood rose by 40%.
At least our mortgage won't go up, yet. | |
| |
| US Inflation Hits 6.2% on 10:42 - Nov 11 with 739 views | Whiterockin |
| US Inflation Hits 6.2% on 10:12 - Nov 11 by Catullus |
We are on a fixed rate for the next 8 years!
A lot of things have gone up, don't know about 10% but there have been plenty of price rises. petrol for example, a few weeks ago I was paying 1.32 per litre, this week I paid 1.44. What's that 8-9%.
Our gas and electricity bill, we are duel fuel and the new tariff we had to move to last month saw our bill increase by 33%. We have a back boiler which is already more expensive, that triggered us to order a new combi which is being fitted Monday.
When petrol goes up everything else goes up. Fuel poverty will catch up with a few this winter. Food prices have gone up more than 3%.
Otherwise the biggest price rises have been for non essential things, garden furniture and equipment saw massive rises, wood rose by 40%.
At least our mortgage won't go up, yet. |
I did say the average family Cat, you are one of the lucky ones, as are the mortgage free. When the rate goes up, as it surely will, it will hit hard. At least they won't have to endure the 15% rate I had in the early 80s. | | | |
| US Inflation Hits 6.2% on 10:55 - Nov 11 with 728 views | Catullus |
| US Inflation Hits 6.2% on 10:42 - Nov 11 by Whiterockin |
I did say the average family Cat, you are one of the lucky ones, as are the mortgage free. When the rate goes up, as it surely will, it will hit hard. At least they won't have to endure the 15% rate I had in the early 80s. |
We are an extremely average family I'll have you know 
It wasn't luck either, when we moved in 2019 there were financial warnings that low interest rates could be coming to an end. The pandemic extended them but we'd looked at the longest fixed rate (10 years) and decided that while we we'd be paying a bit extra for a few years, if things went bad we'd save a fortune, so we went for it. The way they are talking now, in 12 months we'll be better off.
Mortgages are a scam anyway. | |
| |
| US Inflation Hits 6.2% on 10:58 - Nov 11 with 724 views | Whiterockin |
| US Inflation Hits 6.2% on 10:55 - Nov 11 by Catullus |
We are an extremely average family I'll have you know
It wasn't luck either, when we moved in 2019 there were financial warnings that low interest rates could be coming to an end. The pandemic extended them but we'd looked at the longest fixed rate (10 years) and decided that while we we'd be paying a bit extra for a few years, if things went bad we'd save a fortune, so we went for it. The way they are talking now, in 12 months we'll be better off.
Mortgages are a scam anyway. |
"Mortgages are a scam anyway."
Better than renting if you can afford it. | | | |
| US Inflation Hits 6.2% on 11:33 - Nov 11 with 709 views | builthjack |
| US Inflation Hits 6.2% on 07:09 - Nov 11 by felixstowe_jack |
Absolute rubbish that everything in this country has gone up by 10%. |
OK, not everything.But average it out.
Timber and most building materials up 25 - 35%.
Fuel up 25%
Groceries up 10%
I could go on. | |
| Swansea Indepenent Poster Of The Year 2021. Dr P / Mart66 / Roathie / Parlay / E20/ Duffle was 2nd, but he is deluded and thinks in his little twisted brain that he won. Poor sod. We let him win this year, as he has cried for a whole year. His 14 usernames, bless his cotton socks.
|
| |
| US Inflation Hits 6.2% on 11:42 - Nov 11 with 700 views | Whiterockin |
| US Inflation Hits 6.2% on 11:33 - Nov 11 by builthjack |
OK, not everything.But average it out.
Timber and most building materials up 25 - 35%.
Fuel up 25%
Groceries up 10%
I could go on. |
https://cdn.images.express.co.
Fuel up 25%, compared to when, during lockdown when they couldn't give it away? | | | |
| US Inflation Hits 6.2% on 11:50 - Nov 11 with 689 views | builthjack |
Your figures are 10 months out of date my friend. | |
| Swansea Indepenent Poster Of The Year 2021. Dr P / Mart66 / Roathie / Parlay / E20/ Duffle was 2nd, but he is deluded and thinks in his little twisted brain that he won. Poor sod. We let him win this year, as he has cried for a whole year. His 14 usernames, bless his cotton socks.
|
| |
| US Inflation Hits 6.2% on 11:50 - Nov 11 with 684 views | Whiterockin |
| US Inflation Hits 6.2% on 11:50 - Nov 11 by builthjack |
Your figures are 10 months out of date my friend. |
Look back at the costs and put in todays price its not 25%.
10 months ago is not at the end of the graph. [Post edited 11 Nov 2021 11:52]
| | | |
| US Inflation Hits 6.2% on 12:03 - Nov 11 with 662 views | builthjack |
| US Inflation Hits 6.2% on 11:50 - Nov 11 by Whiterockin |
Look back at the costs and put in todays price its not 25%.
10 months ago is not at the end of the graph. [Post edited 11 Nov 2021 11:52]
|
You think you are only paying 3% more for stuff than this time last year putvup a list of suppliers. You can be the Martin Lewis of Swans Independent. | |
| Swansea Indepenent Poster Of The Year 2021. Dr P / Mart66 / Roathie / Parlay / E20/ Duffle was 2nd, but he is deluded and thinks in his little twisted brain that he won. Poor sod. We let him win this year, as he has cried for a whole year. His 14 usernames, bless his cotton socks.
|
| |
| US Inflation Hits 6.2% on 12:12 - Nov 11 with 656 views | controversial_jack |
| US Inflation Hits 6.2% on 22:02 - Nov 10 by builthjack |
Everything in this country has gone up at least 10%, a lot more on some things.
Yet inflation is supposedly running at 3%. Codswallop. |
Not only that, it's difficult to source many things too. NPT council can't get the Plastic wheelie bins, Tai Tarian can't get glass. | | | |
| US Inflation Hits 6.2% on 12:21 - Nov 11 with 641 views | Whiterockin |
| US Inflation Hits 6.2% on 12:03 - Nov 11 by builthjack |
You think you are only paying 3% more for stuff than this time last year putvup a list of suppliers. You can be the Martin Lewis of Swans Independent. |
I'm not saying anything like 3% but you can not just make up inflation figures and select items to suit your agenda. Everything has not gone up by 10% and that is a simple fact. | | | |
| |
By continuing to use the site, you agree to our use of cookies and to abide by our Terms and Conditions.
