wow were are really heading into a mess

crashuk · 12 Dec 2006 at 10:14

http://www.bankofengland.co.uk/

Current Inflation (CPI)
2.7%
was 2.4

http://yahoo.reuters.com/news/artic...d=&cap=&sz=13&WTModLoc=HybArt-C1-ArticlePage1

http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2006/12/12/cnster12.xml

This is what ive been posting about this year and suggesting how hard its going to get next year very hard, with wages not going up, cpi manipulated, dollar weakness pound to strong, barrel of oil up banks charging more the whole thing in britain is going to hit everyone once jan comes its going to take a hit more people unemployed more expence to the government even more tax raises, dropping housing market.

alexakasloth · 12 Dec 2006 at 10:17

"This is what ive been posting about this year and suggesting how hard its going to get next year very hard, with wages not going up, cpi manipulated, dollar weakness pound to strong, barrel of up going to go up banks charging more the whole thing in britain is going to hit everyone once jan comes its going to take a hit more people unemployed more expence to the government even more tax raises, dropping housing market."

Put in some full stops

Though where you say 'dropping housing market' do you mean to say prices will go up or down?

crashuk · 12 Dec 2006 at 10:19

$loth said:
"This is what ive been posting about this year and suggesting how hard its going to get next year very hard, with wages not going up, cpi manipulated, dollar weakness pound to strong, barrel of up going to go up banks charging more the whole thing in britain is going to hit everyone once jan comes its going to take a hit more people unemployed more expence to the government even more tax raises, dropping housing market."

Put in some full stops

Though where you say 'dropping housing market' do you mean to say prices will go up or down?

actually both, but yes i will put fullstops (just woke up about half and hour ago).

fonzee · 12 Dec 2006 at 10:20

crashuk said:
This is what ive been posting about this year and suggesting how hard its going to get next year very hard, with wages not going up, cpi manipulated, dollar weakness pound to strong, barrel of oil up banks charging more the whole thing in britain is going to hit everyone once jan comes its going to take a hit more people unemployed more expence to the government even more tax raises, dropping housing market.

missed out increasing grammer mistakes

flump · 12 Dec 2006 at 10:20

Sorry that just sounds like a bunch of blurted out guesses at the future of the economy.

Are you saying that economic health will suffer next year?

As for CPI, do you mean harmonised CPI or RPI? RPI takes mortgage repayments into account and so the hike in interest rates would have an effect. I thought only HCPI and RPI(X) were used?

chimaera · 12 Dec 2006 at 10:23

US banks expect sterling to drop??

Well honestly i could've predicted that, against the dollar the sterling has rarely been stronger, as the saying goes once you've hit the top the only way is down.

I hardly think there will be a sterling crash, maybe it'll go back to normal levels of $1.6 to the pound but thats hardly a crash, more a normalisation.

Sensationalist claptrap i think.

Clarkey · 12 Dec 2006 at 10:31

boo hoo, get over it.

flump · 12 Dec 2006 at 10:36

chimaera said:
US banks expect sterling to drop??

Well honestly i could've predicted that, against the dollar the sterling has rarely been stronger, as the saying goes once you've hit the top the only way is down.

I hardly think there will be a sterling crash, maybe it'll go back to normal levels of $1.6 to the pound but thats hardly a crash, more a normalisation.

Sensationalist claptrap i think.

Agree. See cable graph below, trend over the last 35 years has been in favour of a stronger greenback.

Sp00n · 12 Dec 2006 at 10:37

$2 to the pound sounds good to me.

Rotty · 12 Dec 2006 at 10:40

Clarkey said:
boo hoo, get over it.

it does all get a bit repetitive

crashuk · 12 Dec 2006 at 10:46

http://newsvote.bbc.co.uk/1/hi/business/6167945.stm

and this is part of the equation ive said this a few months back now, its just going to be an inflation cycle export now just round and round, their is nothing GB can do about it. Worst off service sector jobs, britain with only 13% manufacturing base.

crashuk · 12 Dec 2006 at 10:49

Sp00n said:
$2 to the pound sounds good to me.

might sound good in the short run but long run whats left of our export market will take a hit and it starting to show. Would mean we might need to borrow more oops :eek:

Clarkey · 12 Dec 2006 at 10:50

why are YOU so concerned, are you the bank of England? No..

flump · 12 Dec 2006 at 10:52

Whats so bad with a little inflation? Surley it's inevitable, and it's not so bad if you owe money.

Wold you actually be prepared to say that inflation is out of control? Or are you just a little worried about it?

No offence, but it still reads like a bunch of random statements sans punctuation!

flump · 12 Dec 2006 at 10:53

And you did realise that 60% of the worlds forex (and growing) passes through London? Thats a thriving service sector. It's called specialisation!

crashuk · 12 Dec 2006 at 10:54

chimaera said:
US banks expect sterling to drop??

Well honestly i could've predicted that, against the dollar the sterling has rarely been stronger, as the saying goes once you've hit the top the only way is down.

I hardly think there will be a sterling crash, maybe it'll go back to normal levels of $1.6 to the pound but thats hardly a crash, more a normalisation.

Sensationalist claptrap i think.

i never said a sterling hit , the 2 dollar or more is good to combat the chineese but just points out where we are heading.

"The surprise is that the pound has been so strong. Current account deficits matter over time and we're worried that Britain's deficit could widen to 4pc of GDP in 2008," he said."
this is whats important to me and some other bit and bobs in their.

crashuk · 12 Dec 2006 at 10:57

flump said:
And you did realise that 60% of the worlds forex (and growing) passes through London? Thats a thriving service sector. It's called specialisation!

how many people work in that FX service sector and how many work in other types service sector?

flump · 12 Dec 2006 at 10:58

"The surprise is that the pound has been so strong. Current account deficits matter over time and we're worried that Britain's deficit could widen to 4pc of GDP in 2008,"

Well we all know why that is. Cheers Gordon.

Surely its the trade figures that matter more though, i.e. having an overdraft is ok as long as you keep employed

crashuk · 12 Dec 2006 at 11:00

flump said:
Whats so bad with a little inflation? Surley it's inevitable, and it's not so bad if you owe money.

Wold you actually be prepared to say that inflation is out of control? Or are you just a little worried about it?

No offence, but it still reads like a bunch of random statements sans punctuation!

Good/Bad inflation depends on what position your in too much inflation bad for all, inflation is out of our control but we can clam it down.

flump · 12 Dec 2006 at 11:00

crashuk said:
how many people work in that FX service sector and how many work in other types service sector?

The financial services sector is growing and (AFAIK) our number one industry. Most service jobs will be linked in some way.