Peter Sarf
Established Member
I too was a bit puzzled, I got some interesting but unlikely results from google .Do you have a definition for that word. Google said 'no match'.
I too was a bit puzzled, I got some interesting but unlikely results from google .Do you have a definition for that word. Google said 'no match'.
The planet is only so big. The population of the human race is enormous and growing. WE are the problem
Apologies, my greek derivation is incorrect.Do you have a definition for that word. Google said 'no match'.
But how much of that 14% was the pound actually 'weakening' against the dollar and how much was down the dollar itselfSomething that is also increasing the impact of inflation is that the pound is weakening against the dollar (I believe that it's fallen by about 14% this year).
But how much of that 14% was the pound actually 'weakening' against the dollar and how much was down the dollar itself
strengthening against the pound/Euro/Yen/etc?
MARK
Thats why you increase interest rates by at least 0.5% not the puny 0.25% to make a statement to the market tradersSomething that is also increasing the impact of inflation is that the pound is weakening against the dollar (I believe that it's fallen by about 14% this year).
That may not sound all that much, however if the cost of fuel had risen to (say) $120 then as the pound has fallen by 14% or means that in comparison that's coating us $139.50 if the value of the pound had remained unchanged.
That's going to have a significant impact on a lot of areas.
That's before you consider the impact of other things brought in dollars (even though we directly import little from the USA).
Thats why you increase interest rates by at least 0.5% not the puny 0.25% to make a statement to the market traders
75% of mortgages are currently on fixed rate so won't cause a house price crash but what it will do is make sterling attractive and given oil and gas is priced in dollars that helps to lower the price and feedback into reduced inflationary pressures.Meaningless. All it will do is trash the economy. They need to differentiate between domestic day to day business and speculation.
This is being exacerbated now by the Fed managing to raise interest rates faster than the BoE, the latter really need to get those up faster to increase the £ and ease import costs as much as possible. Contrary to what some say, external inflation can be mitigated by rate rises, even if not as much as internal inflation.Something that is also increasing the impact of inflation is that the pound is weakening against the dollar (I believe that it's fallen by about 14% this year).
That may not sound all that much, however if the cost of fuel had risen to (say) $120 then as the pound has fallen by 14% or means that in comparison that's coating us $139.50 if the value of the pound had remained unchanged.
That's going to have a significant impact on a lot of areas.
That's before you consider the impact of other things brought in dollars (even though we directly import little from the USA).
What economy is that? One that is built on spivs, speculators, money launderers and all sorts of business that has thrived off of QE and low interest rates for too long. This so-called economy should never have got off the ground in the first place. The problem is socialism will be deployed for the rich when their wealth tanks and the poor made to pay for it after, just like in 2008.Meaningless. All it will do is trash the economy. They need to differentiate between domestic day to day business and speculation.
This is being exacerbated now by the Fed managing to raise interest rates faster than the BoE, the latter really need to get those up faster to increase the £ and ease import costs as much as possible. Contrary to what some say, external inflation can be mitigated by rate rises, even if not as much as internal inflation.
What economy is that? One that is built on spivs, speculators, money launderers and all sorts of business that has thrived off of QE and low interest rates for too long. This so-called economy should never have got off the ground in the first place. The problem is socialism will be deployed for the rich when their wealth tanks and the poor made to pay for it after, just like in 2008.
Im not sure we will see the BoE doing more than 0.25% so the gap will widen to the US and potential for £/$ rate to deteriorate further. However, BoE seems convinced that the huge diversion of money into energy costs is pulling the economy down and that is draining discretionary spend at a rapid rate which is largely what drives the UK economy these days.This is being exacerbated now by the Fed managing to raise interest rates faster than the BoE, the latter really need to get those up faster to increase the £ and ease import costs as much as possible. Contrary to what some say, external inflation can be mitigated by rate rises, even if not as much as internal inflation.
Might help the UK if we made more of what the rest of the world needs. Mind you that could soon be armaments I am afraid.Im not sure we will see the BoE doing more than 0.25% so the gap will widen to the US and potential for £/$ rate to deteriorate further. However, BoE seems convinced that the huge diversion of money into energy costs is pulling the economy down and that is draining discretionary spend at a rapid rate which is largely what drives the UK economy these days.
Might help the UK if we made more of what the rest of the world needs.
Mind you that could soon be armaments I am afraid.
British Aerospace are very successful at that although as you say its pretty naff that all we can make is to be potentially used against our fellow humansMight help the UK if we made more of what the rest of the world needs. Mind you that could soon be armaments I am afraid.
Might help the UK if we made more of what the rest of the world needs. Mind you that could soon be armaments I am afraid.