Inflation....

[som farmer]

Yeah, but how much of that was Speyside Single Malt given we wee southerners can get it cheaper!

easy enough to make your own

 

[Macsky]

Yeah, but how much of that was Speyside Single Malt given we wee southerners can get it cheaper!

None til the lambings done!

 

[Bruce Almighty]

Large numbers of people continue to spend money they don't have on sh!t they don't need, not sure how anybody is supposed to 'fix' that.

And if some political party did try to address it seriously, they'd probably be out on their ear at the next general election, only to be replaced by another party who'd promise to make it easier again.

And that's not even looking at how any party who tried to reign in consumer spending would suddenly loose a lot of it's larger donors for that very reason as well.

I’ve said for years that we have an economy based on people buying sh!t they don’t need with money they haven’t got.

 

[TelesnaAg]

I’ve said for years that we have an economy based on people buying sh!t they don’t need with money they haven’t got.

This is fundamentally correct, we need consumption, growth and inflation to keep the system alive.

The climate activist is way too stupid to go after this, amd govts wont either.

This is why there is a war on farmers, they can reduce local output but not pay at the ballot box...simple.

Ant...

 

[DaveGrohl]

Money Week;

 

[DaveGrohl]

Also Money Week, economists are good for one thing.

 

[warksfarmer]

It depends on which taxes you cut, Truss nearly crashed the economy.
Remember the whole ethos of Capitalism is that the markets know best and they voted Truss and her administration a bunch of morons. Bare in mind she was following Patrick Minford’s economic philosophy (Minford who brought down Thatcher with his idiotic Poll Tax and he was a leading advocate for Brexit)

Truss wasn’t as wrong as wrong as many think. She was overruled by the stock market who want things like it is for a reason. We are surrounded by corruption everywhere. In agriculture it’s the likes of the Nfu and AHDB, our health system is corrupt and run by multiple levels of managers, our education system is run by woke idiots. Our financial system is run by corrupt fund managers. It’s actually quite alarming the way the world is going.

 

[DaveGrohl]

Although Truss was utterly without merit her policies were mostly heading in the right direction. LDI pension scandal and the energy price cap did for her, she couldn‘t have got her timing any more wrong if she’d tried. Now we’ve got grinding stagnation with no end in sight.

 

[robs1]

Money Week;

View attachment 1110072

What surprises me is the media look at any little scandal and blow it all out of proportion yet they barely mention the fuel suppliers or food retailers, off course both those are big advertiser's , but I'm sure there is no connection.

 

[essex man]

Although Truss was utterly without merit her policies were mostly heading in the right direction. LDI pension scandal and the energy price cap did for her, she couldn‘t have got her timing any more wrong if she’d tried. Now we’ve got grinding stagnation with no end in sight.

Surely she had some merit if her policies "heading in right direction" ?
She had my vote for backing fracking.

 

[le bon paysan]

Bet that won't get posted on the Brexit thread, and in many countries food is a fair bit more than here already.
Governments are happy with inflation for a year or two especially with Putin to blame it on.
Reduces the value of the covid debt and higher vat on increased prices, higher nat ins and income tax on wages to pay off a bit more of that debt, the only cost is higher public service wages

I always thought the cost of living was the same UK/ France , just individual things were priced differently. However, as has been pointed out and you ignore, what's the overall inflation rate? France is 5,6% and the minimum wage has risen 20,1% in 10 years. Our electric bills are 600€ for an average 3 bed house and heating or eating isn't the daily choice here for the working class.

 

[Dave645]

I would suggest food based inflation is well past due, the governments do a lot to keep it at basically zero, interest rates should not have been the mechanism of choice to control what was clearly not normal inflation pressures.
There has been a lot of profit taking by banks and supermarkets, throw in energy costs I don’t see why they thought they needed to add interest rates rise after rise, to be honest I don’t see any fix for where we are going, we seem to be spiralling, we have governments making radical changes to multiple things that will have unknown effects, I think they want house prices to fall, to cool the system.

I don’t see any actual plan to sort things, just more short term band aids.

 

[Steevo]

I would suggest food based inflation is well past due, the governments do a lot to keep it at basically zero, interest rates should not have been the mechanism of choice to control what was clearly not normal inflation pressures.
There has been a lot of profit taking by banks and supermarkets, throw in energy costs I don’t see why they thought they needed to add interest rates rise after rise, to be honest I don’t see any fix for where we are going, we seem to be spiralling, we have governments making radical changes to multiple things that will have unknown effects, I think they want house prices to fall, to cool the system.

I don’t see any actual plan to sort things, just more short term band aids.

Their plan is only to be in charge….not to try and fix it.

They still get paid for failure after all…and then they get paid even more afterwards to give speeches about it!

 

[DaveGrohl]

Surely she had some merit if her policies "heading in right direction" ?
She had my vote for backing fracking.

That comment was about her ineptitude as a politician and inability to understand what was happening. She wasn’t prepared enough for the tough questions she’d be faced with. Her policies were broadly right for the country. I have some sympathy for the speed at which it all happened and the timing, as I mentioned above. That she was so bad as a thinking-on-her-feet politician and Sunak came second to her says it all.

 

[DaveGrohl]

I always thought the cost of living was the same UK/ France , just individual things were priced differently. However, as has been pointed out and you ignore, what's the overall inflation rate? France is 5,6% and the minimum wage has risen 20,1% in 10 years. Our electric bills are 600€ for an average 3 bed house and heating or eating isn't the daily choice here for the working class.

Av house price v UK?

 

[robs1]

Av house price v UK?

UK minimum wage has increase by over 50%. Since 2012, Frances fuel prices have been held back by government subs to EDF while here the government has paid subs to suppliers, that has led to higher inflation here, food prices are higher in France and always have been,
Most countries wages are set at a level that allows workers to pay their way, if pay is higher then living costs are usually higher, it's very hard to compare accurately

 

[DaveGrohl]

UK minimum wage has increase by over 50%. Since 2012, Frances fuel prices have been held back by government subs to EDF while here the government has paid subs to suppliers, that has led to higher inflation here, food prices are higher in France and always have been,
Most countries wages are set at a level that allows workers to pay their way, if pay is higher then living costs are usually higher, it's very hard to compare accurately

So you don’t know?

 

[glasshouse]

I always thought the cost of living was the same UK/ France , just individual things were priced differently. However, as has been pointed out and you ignore, what's the overall inflation rate? France is 5,6% and the minimum wage has risen 20,1% in 10 years. Our electric bills are 600€ for an average 3 bed house and heating or eating isn't the daily choice here for the working class.

Thats becsuse France is run by and for the working class who are not afraid or been bought off.
We saw who uk is run for yesterday

 

[robs1]

So you don’t know?

Don't know what ?

 

[Matt78]

We in Australia possibly have the dumbest central bank in the world if not the universe.

12 increases in 13 months and it hasnt made a zack of difference, maybe the silly old grey headed jokers start to realise this tool aint going to fix it, its seriously embarrassing.

Not all inflation can be controlled via interest rates.

Has anyone elses country or area put some policy in to help or are they all out there depth.

Alot of companies/corporations have shifted to a margin based business not a volume based business, and interest rates add to inflation which is what we are seeing here.

When labour markets are not managed correctly and financial infrastructure is not in place for small business then this is what you get, less employees can mean the same or more profit with less headaches.

Will be interesting to see where this goes.

As discussed on $ per hp thread, what incentive is there for JD to put on extra shifts to supply more tractors when they booked a year or two out??

The govt will have to raise tax here to pay for rampant covid spending, which will kill volume as they target the hardest workers.

Ant...

You and I live in the same country, but you live in Victoria clearly you don't understand. economic situation we are in our since 2007 our governments have and continue to spend like drunken sailors. we have real wage inflation for the first time in decades. because jobs go unfilled and I mean tens of thousands of them costs of running a business have gone thru the roof electricity wages transport rent and will continue to do so we really have a perfect storm world events included interest rates will continue to go up unfortunately home ownership is as low as it's ever been so it a small minority anyone with a loan really government has a real problem stop spending which they won't open up vast amounts of land for housing which they won't because it will destroy the value of the real estate in Australia as we don't make anything or value add to our commodities it's what a large part of our domestic economy relies on our economy relies on home building that's why immigration numbers are so high the pie we all eat from is getting smaller and smaller as our economy just does not grow as fast and the big one you can't print money for years out of nothing and expect everything to stay the same hence our dollar continues to slide against world currencies the reserve bank has no choice or your money will be valueless you will need a million dollar note to buy a coffee of loaf of bread the reserve bank of Australia has very little choice and tax will have to go up we spend way to much ndis costs more than Medicare its unsustainable we are not a small country we are huge and we don't have that many taxpayers a lot of them get more back in welfare than they pay we have real problems and it's got nothing to do with the reserve bank I won't even touch government debt