Jump to content

  • Sign Up!

    Join our friendly community of music lovers and be part of the fun 😎

news & politics:discussion

zahidf

By zahidf
in Discussions

 Share

Recommended Posts

lost Veteran

lost

Posted
Posted
7 minutes ago, fraybentos1 said:

Let's hope they fall by shit loads then.

 

It would be fantastic for young people but I think we are more likely to see another 2008 where they raise until something breaks and then believe they have to reinflate the bubble again to avoid a depression.

I think prices bottomed at something like 2.7 times average incomes in 1996/7. As you pointed out, labour took prices out of the inflation index in the 2000's and really if they'd kept them in and tried to keep them at between 3 and 4 times average earnings we wouldn't be in this mess. Sadly I think governments will just keep reinflating and kicking the can down the road.

Link to comment
Share on other sites
  • Replies 44.4k
  • Created
  • Last Reply

Top Posters In This Topic

  • steviewevie

    13383

  • Neil

    4946

  • Crazyfool01

    2320

  • fraybentos1

    1312

Popular Days

Top Posters In This Topic

Popular Days

Popular Posts

Kurosagi
Kurosagi

Don't post on here often, but read it every day. Can't sit by and watch @Ozanne getting picked on for doing little other than make a polite 'point of order' request without my saying something. F

maelzoid
maelzoid

Obviously horrible news. But I think pointing the finger at Rayner is not only unfair to her, but also serves to help silence critics of the Tories. Don't forget that over the years, BJ's words h

Justiceforcedave
Justiceforcedave

I made a playlist.

Posted Images

fraybentos1 Grand Master

fraybentos1

Posted
Posted
2 minutes ago, lost said:

It would be fantastic for young people but I think we are more likely to see another 2008 where they raise until something breaks and then believe they have to reinflate the bubble again to avoid a depression.

I think prices bottomed at something like 2.7 times average incomes in 1996/7. As you pointed out, labour took prices out of the inflation index in the 2000's and really if they'd kept them in and tried to keep them at between 3 and 4 times average earnings we wouldn't be in this mess. Sadly I think governments will just keep reinflating and kicking the can down the road.

The issues we are seeing now are in no small part still cause of 2008. 

I get what you are saying but I am not sure they can do too much without fuelling inflation more. Back in 2008 inflation wasn't at 10% or close so dropping interest rates to near 0 and massive quantitative easing could and did happen. QE is being actively reversed at the moment and the BoE needs to tame inflation and the only lever they really have for that is keeping interest rates high

Link to comment
Share on other sites
lost Veteran

lost

Posted
Posted (edited)
12 minutes ago, fraybentos1 said:

The issues we are seeing now are in no small part still cause of 2008. 

I get what you are saying but I am not sure they can do too much without fuelling inflation more. Back in 2008 inflation wasn't at 10% or close so dropping interest rates to near 0 and massive quantitative easing could and did happen. QE is being actively reversed at the moment and the BoE needs to tame inflation and the only lever they really have for that is keeping interest rates high

I think we will see something similar to what we've just had regarding the UK bond market nearly blowing pensions up, targeted QE. We've just had the strange situation of new QE and rising interest rates at the same time so central banks appear to believe they can still prop up one asset price (gilts) whilst targeting demand for others and I can see the same happening if others fall too low.

I just can't see governments letting baby boomers go into retirement with decades of capital appreciation wiped out. I was in the same position position in 2008 and I do strongly believe we'd of had a return to normal if central banks hadn't come up with QE but clearly they believed the risk of a depression would of been worse.

Edited by lost
Link to comment
Share on other sites
lost Veteran

lost

Posted
Posted (edited)
36 minutes ago, Crazyfool01 said:

Hancock not standing 😀

Love island next?

Quote

there was a time when I thought the only way to influence the public debate was in parliament’ but now ‘I’ve realised there’s far more it than that.’ 

 

Edited by lost
Link to comment
Share on other sites
fraybentos1 Grand Master

fraybentos1

Posted
Posted
1 hour ago, lost said:

I just can't see governments letting baby boomers go into retirement with decades of capital appreciation wiped out

I think inflation will stop them doing much. Any intervention will just add to inflation imo.

1 hour ago, lost said:

I was in the same position position in 2008 and I do strongly believe we'd of had a return to normal if central banks hadn't come up with QE but clearly they believed the risk of a depression would of been worse.

I agree. Help to buy did not help either then the covid boom too, you can see both clearly on this graph. Makes me think we are inline for a big correction.

My parents bought their house in 1993 ish for 85k or so, sold recently for 440k. It is totally and utterly bonkers and needs correcting.

 

house price chart

Link to comment
Share on other sites
Guest

Guest

Posted
Posted
21 minutes ago, squirrelarmy said:

The silence from the back benches said everything. 

I wonder if he said something about this Mone scandal that could be disproved at any stage?

Link to comment
Share on other sites
stuie Grand Master

stuie

Posted
Posted
49 minutes ago, Ozanne said:

I wonder if he said something about this Mone scandal that could be disproved at any stage?

Why is Rishi shocked to hear about this today when this article was published over a year ago?!

https://www.ft.com/content/a487276a-9f6d-4052-a049-51061030bc79

Link to comment
Share on other sites
Guest

Guest

Posted
Posted
1 minute ago, squirrelarmy said:

How did Mone earn her title anyway? Services to making women look good half naked? 

Cameron gave her the peerage I think, no idea what for. 

Link to comment
Share on other sites
Guest

Guest

Posted
Posted

It’s pretty staggering that after hosting COP last year the Tories will go ahead and commission a new coal mine to open. Just like most things with the Tories, they don’t care. 

Link to comment
Share on other sites
Guest
This topic is now closed to further replies.
 Share
Go to topic listing

  • Recently Browsing   0 members

    • No registered users viewing this page.
×
×
  • Create New...