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By (user no longer on site)
over a year ago
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Recession knocking the door, bound to happened, prices are up for almost all commodities, major is oil and aggravates for the country which imports more, export less. |
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"Gone up today by 0.75% to 3%
This will really slow things down before Christmas.
"
Slowing it down i.e. slowing down what economists call the ‘Velocity Of Money’ is the intention I suspect. They believe that M2, as it’s otherwise known, is a large contributor to inflation.
Hades |
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"Gone up today by 0.75% to 3%
This will really slow things down before Christmas.
Slowing it down i.e. slowing down what economists call the ‘Velocity Of Money’ is the intention I suspect. They believe that M2, as it’s otherwise known, is a large contributor to inflation.
Hades "
That have been near zero for the last 10 years while the Bank of England printed money. This was always going to happen. Pre financial crash of 08, interest rates were at a more healthy 5%.
People who have stretched budgets and borrowed without fixing rates will suffer.
|
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"Gone up today by 0.75% to 3%
This will really slow things down before Christmas.
Slowing it down i.e. slowing down what economists call the ‘Velocity Of Money’ is the intention I suspect. They believe that M2, as it’s otherwise known, is a large contributor to inflation.
Hades
That have been near zero for the last 10 years while the Bank of England printed money. This was always going to happen. Pre financial crash of 08, interest rates were at a more healthy 5%.
People who have stretched budgets and borrowed without fixing rates will suffer.
"
I totally agree. Sad as it is for those who will suffer. |
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