Lord King WTAF

Grass And Grain

Member
Mixed Farmer
Location
Yorks
My thoughts...

The risk of quantitative easing (combined with low interest rates) is inflation, possibly hyper inflation The war and supply/demand has been the reason for fuel, fert, steel, commodity inflation, but could only happen if consumers have the cash to fuel the demand.

Maybe interest rates have been too low since 2008. Would have been better at 2-3% imho. Still low, but high enough to temper frivolous spending or unsustainable house price inflation.
 

Bob the beef

Member
Location
Scot Borders
I’m firmly of the opinion that devolution has been a mistake. What do these people actually add? Other than posturing and layering more legislation on top of stuff that already exists, or twisting it ever so slightly just to be different? The week Russia invaded Ukraine, our own FM saw fit to make an announcement pardoning people convicted of witchcraft in the 15-17th centuries. You couldn’t make it up.
Get rid of them. All of them.
At the time I was fairly keen on devolution, because Scotland did have some honest and decent politicians who came and stood as MSP’s. Sadly as they moved on the next generations have proved themselves totally inept, and fiscally stupid. Devolution is probably the best argument against independence now. We would be bankrupt as a country if we were stood on our own now.
As always give someone enough rope and time and they will hang themselves. SNP couldn’t run a pee up in a brewery
 

Two Tone

Member
Mixed Farmer
My thoughts...

The risk of quantitative easing (combined with low interest rates) is inflation, possibly hyper inflation The war and supply/demand has been the reason for fuel, fert, steel, commodity inflation, but could only happen if consumers have the cash to fuel the demand.

Maybe interest rates have been too low since 2008. Would have been better at 2-3% imho. Still low, but high enough to temper frivolous spending or unsustainable house price inflation.
How the hell we have got away with low interest rates for so long without hyper inflation amazes me. But in reality, there has been inflation with regards to house prices.

I’ve lived through 3 recessions and we are definitely about to hit one again. Big time!
You cannot run an economy where Inflation rates based on an RPI are higher that the Interest rate!
We learned that in the 70’s / 80’s and history is about to repeat itself worse than ever!

Sh!t about to hit the fan big time, I reckon.
 

oil barron

Member
Location
Aberdeenshire
While the money printing after 08 was bad, it is really lost in the noise compared with the last couple of years. The last couple of years were driven by Rishis policy of furlough payments. The BoE had no option but to buy back government bonds as there was no one else ti buy them at the rate Rishi has been selling them. He is Gordon Brown incompetent x 10. And while Gordon Browns motives were solid, I think Rishi was playing the markets for his own wealth.
 

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holwellcourtfarm

Member
NFFN Member
While the money printing after 08 was bad, it is really lost in the noise compared with the last couple of years. The last couple of years were driven by Rishis policy of furlough payments. The BoE had no option but to buy back government bonds as there was no one else ti buy them at the rate Rishi has been selling them. He is Gordon Brown incompetent x 10. And while Gordon Browns motives were solid, I think Rishi was playing the markets for his own wealth.
What does that graph show? Where is it from?

No labels on it, a complete fail on my uni course.... :rolleyes:
 

fgc325j

Member
And in Wales, the trough feeders have voted to increase their number by more than 50%, Labour and Plaid colluded on this.:mad:
There was an article this week which showed that the NHS used the extra funding to increase the number of managers, with NO increase
in the number of beds. The same will happen in Cardiff, look at the number of times a replacement subsidy scheme has been put back, they don't want to make a decision - they just make excuses not to, and require more "advisers and paper shufflers" to justify it.
 

Grass And Grain

Member
Mixed Farmer
Location
Yorks
How the hell we have got away with low interest rates for so long without hyper inflation amazes me. But in reality, there has been inflation with regards to house prices.

I’ve lived through 3 recessions and we are definitely about to hit one again. Big time!
You cannot run an economy where Inflation rates based on an RPI are higher that the Interest rate!
We learned that in the 70’s / 80’s and history is about to repeat itself worse than ever!

Sh!t about to hit the fan big time, I reckon.
Yes, I suppose we've had house price inflation due partly to QE and low interest rates. Not sustainable imho.

OK of you're a 40+ house owner, but no good if wanting to get on the ladder. It needs starter homes to he affordable for the chain to work. Guess we see more people renting, but where's that going to end, as rents will increase over time with their wages, but they've to continue paying rent in retirement, and no opportunity for equity release by downsizing.

We seem to keep using sticking plasters, but out of sight, the underlying health problem is getting worse.
 

fudge

Member
Arable Farmer
Location
Lincolnshire.
Like Christ himself we should be turning over the tables of the money lenders, instead our government turn bankers into untouchable Gods. This false capitalist idolatry, will in time, be destroyed by God. I cannot wait!!!
 

hoff135

Member
Location
scotland
It was apparent last summer that inflation was on the way, central banks said it was some transitory bulls**t, the fed kept printing money until March this year. Took them nearly a year to reverse policy despite inflation going through the roof. When covid hit they called an emergency meeting and slashed rates to nothing.
 
How the hell we have got away with low interest rates for so long without hyper inflation amazes me. But in reality, there has been inflation with regards to house prices.

I’ve lived through 3 recessions and we are definitely about to hit one again. Big time!
You cannot run an economy where Inflation rates based on an RPI are higher that the Interest rate!
We learned that in the 70’s / 80’s and history is about to repeat itself worse than ever!

Sh!t about to hit the fan big time, I reckon.

I think inflation has not been linked to interest rates for years. In reality inflation is now linked to everything else at play in the global economy. A warehouse or factory making microprocessors burns down in Asia, suddenly everyone's smart phone goes up £50 and so on.
 

oil barron

Member
Location
Aberdeenshire
It was apparent last summer that inflation was on the way, central banks said it was some transitory bulls**t, the fed kept printing money until March this year. Took them nearly a year to reverse policy despite inflation going through the roof. When covid hit they called an emergency meeting and slashed rates to nothing.
They are still printing money, they only raised the nominal rate of interest in March. They have said they will start to run off the balance sheet starting in June. It’s an important differentiation that most of the media misses and is why things will really start to get ugly from June onwards when the main buyer of government bonds starts to become a seller.
 

hoff135

Member
Location
scotland
They are still printing money, they only raised the nominal rate of interest in March. They have said they will start to run off the balance sheet starting in June. It’s an important differentiation that most of the media misses and is why things will really start to get ugly from June onwards when the main buyer of government bonds starts to become a seller.

Oh I thought they stopped qe in March.

Yes plenty pain to come
 

hoff135

Member
Location
scotland
As the stock market continues to decline the voices demanding the fed to pivot will grow louder. But I can't see how they can do anything but keep tightening until they bring this under control, recession looks imminent and probably necessary to fix this
 

holwellcourtfarm

Member
NFFN Member
As the stock market continues to decline the voices demanding the fed to pivot will grow louder. But I can't see how they can do anything but keep tightening until they bring this under control, recession looks imminent and probably necessary to fix this
Recession is probably necessary to fix several even bigger problems too (climate change, biodiversity loss, plastic pollution etc)
 

oil barron

Member
Location
Aberdeenshire
As the stock market continues to decline the voices demanding the fed to pivot will grow louder. But I can't see how they can do anything but keep tightening until they bring this under control, recession looks imminent and probably necessary to fix this
Housing price crash, then they will reverse course and it all starts again.
 

hoff135

Member
Location
scotland
Housing price crash, then they will reverse course and it all starts again.
Some are saying that due to high demand we won't see a crash but just because someone wants a house if they can't get a mortgage due to high interest rates then their demand is worth nothing.

Reverse course and start again, will we see digital currency and negative rates?
 

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Man fined £300 for bonfire-related waste offences

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Written by William Kellett from Agriland

court-640x360.jpg
A man has pleaded guilty at Newtownards Magistrates’ Court to waste offences relating to a bonfire next to the electrical sub-station on the Circular Road in Newtownards, Co. Down.

Gareth Gill (51) of Abbot’s Walk, Newtownards pleaded guilty to two charges under the Waste and Contaminated Land (Northern Ireland) Order 1997, for which he was fined £150 each and ordered to pay a £15 offender’s levy

On June 25, 2018, PSNI officers went to Gill’s yard, where they found a large amount of waste consisting of scrap wood, pallets, carpet and underlay.

Discussion with Northern Ireland Environment Agency (NIEA) officers confirmed the site...
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