Inflation

Fake it ‘til you make it · Sep 28, 2021

tepapa said:
How much of today's energy crisis, is down to using electric to pointlessly mine for crypto?

Crypto mining has the same emissions footprint as France, apparently.

SilliamWhale · Sep 28, 2021

toquark said:
Question really is for how long can we keep kicking the can down the road?

Clearly inflation is out of control, as the BoE seem to be conceding.

Possibly indefinitely.

Bramble · Sep 28, 2021

If inflation really does start to take off maybe we should not worry about interest rates. Everyone seems to agree that raising rates might cause too much pain.

Would the government be able to control inflation to some extent through taxation??

Yale · Sep 28, 2021

Hilly said:
The biggest best appreciating asset of land can bite back , it’s been know to drop in value ! And currently it’s very very valuable imo more chance going down than up you could buy an acre and loose four !

However whilst the currency is devaluing land will be seen to appreciate.

Land isn’t becoming more valuable,in fact just more desirable.

It’s the pound in your pocket which is becoming ‘worth less’ or ‘worthless’.

essexpete · Sep 28, 2021

ollie989898 said:
I can't see interest rates changing significantly for the next 5 and probably 10 years.

Young people with skills would do well to emigrate.

You are relatively young? I would guess the UK is not the only country in a muddle?

Hilly · Sep 28, 2021

ollie989898 said:
I can't see interest rates changing significantly for the next 5 and probably 10 years.

Young people with skills would do well to emigrate.

Emigrate where ? Where is better ?

Hilly · Sep 28, 2021

Yale said:
However whilst the currency is devaluing land will be seen to appreciate.

Land isn’t becoming more valuable,in fact just more desirable.

It’s the pound in your pocket which is becoming ‘worth less’ or ‘worthless’.

Well let’s just say land is very very desirable today for one reason or another , tomorrow it might not be so desirable.

Clive · Sep 28, 2021

DaveGrohl said:
That particular predcition has a particularly long queue for you to stand in. People have been predicting it for some years. Timing may be your USP though?

it's ALWAYS about timing !

Steevo · Sep 28, 2021

Clive said:
rates will go negative within the next 12 months imo

bookmark this post please !

Interesting to hear you say this.

HSBC are estimating a minor rise at the start of next year, and then two small rises after 6 and 12 months.

DaveGrohl · Sep 28, 2021

Steevo said:
Interesting to hear you say this.

HSBC are estimating a minor rise at the start of next year, and then two small rises after 6 and 12 months.

Yeah, I'm not sure Clive's caught the boat on this one. That time has passed. Unless of course we get 2007/2008 for real this time.

thesilentone · Sep 28, 2021

I think the base rate will rise from virtually nothing to just above nothing over the next three years.

Clive · Sep 28, 2021

DaveGrohl said:
Yeah, I'm not sure Clive's caught the boat on this one. That time has passed. Unless of course we get 2007/2008 for real this time.

i guess we will find out - BOE have a tricky task ahead, they need to keep a lid on inflation (raise rates) but they need to kick start struggling businesses and keep people spending (lower rates )

Yale · Sep 28, 2021

There was a commodity spike 07/08 ish,then look what happened.

We could be at the beginning of another commodity spike.

Guy who lives next to some of our land works in Iraq as a project manager in an oil refinery.He is certain we will have a commodity spike,was telling me a couple of months back.

Maybe what we are seeing is the first spin in the spiral.

I hope not as everyone has had a bum deal over the last 18 months so just need a break.

Jonp · Sep 28, 2021

Hilly said:
Emigrate where ? Where is better ?

Somewhere with sunlit uplands stocked with herds of unicorns.

thesilentone · Sep 28, 2021

Yale said:
There was a commodity spike 07/08 ish,then look what happened.

We could be at the beginning of another commodity spike.

Guy who lives next to some of our land works in Iraq as a project manager in an oil refinery.He is certain we will have a commodity spike,was telling me a couple of months back.

Maybe what we are seeing is the first spin in the spiral.

I hope not as everyone has had a bum deal over the last 18 months so just need a break.

Fair call.

Iraq, Syria, Yemen, large areas of each are a pile of rubble. All to rebuild if we are to stop a World migration, That's without all the natural disasters still to happen.

toquark · Sep 28, 2021

Bramble said:
If inflation really does start to take off maybe we should not worry about interest rates. Everyone seems to agree that raising rates might cause too much pain.

Would the government be able to control inflation to some extent through taxation??

For gods sake don’t give them any ideas!!!

kfpben · Sep 28, 2021

Jonp said:
Somewhere with sunlit uplands stocked with herds of unicorns.

But would it be better to sell unicorns live or on the dead?

DaveGrohl · Sep 28, 2021

Yale said:
There was a commodity spike 07/08 ish,then look what happened.

We could be at the beginning of another commodity spike.

Guy who lives next to some of our land works in Iraq as a project manager in an oil refinery.He is certain we will have a commodity spike,was telling me a couple of months back.

Maybe what we are seeing is the first spin in the spiral.

I hope not as everyone has had a bum deal over the last 18 months so just need a break.

Think we're past the beginning of a commodity spike. How far it goes is anyone's guess.

Hilly · Sep 28, 2021

Jonp said:
Somewhere with sunlit uplands stocked with herds of unicorns.

I’m their , it’s just a state of mind even have rainbows

willy · Sep 28, 2021

Does it really matter. Full stop

Inflation

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Up to 25%

25-50%

50-75%

75-100%

100% I’ve had enough of farming!

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