Independent Leyton Orient Forum

Posted: **Thu May 05, 2022 1:54 pm**

Interest rates up to 1%, but three of the committee wanted them higher at 1.25%. CPI inflation now predicted to hit 10% by end of year. If they could hit 9% this month then I think that may be a tad hopeful.

Posted: **Thu May 05, 2022 2:24 pm**

Dunners wrote: ↑Thu May 05, 2022 1:54 pm Interest rates up to 1%, but three of the committee wanted them higher at 1.25%. CPI inflation now predicted to hit 10% by end of year. If they could hit 9% this month then I think that may be a tad hopeful.

Yes, yes we know all that. Is it a good thing or a bad thing?

Posted: **Thu May 05, 2022 2:47 pm**

Max B Gold wrote: ↑Thu May 05, 2022 2:24 pm
Dunners wrote: ↑Thu May 05, 2022 1:54 pm Interest rates up to 1%, but three of the committee wanted them higher at 1.25%. CPI inflation now predicted to hit 10% by end of year. If they could hit 9% this month then I think that may be a tad hopeful.

Yes, yes we know all that. Is it a good thing or a bad thing?

It depends.

Posted: **Thu May 05, 2022 2:52 pm**

Dunners wrote: ↑Thu May 05, 2022 2:47 pm
Max B Gold wrote: ↑Thu May 05, 2022 2:24 pm
Dunners wrote: ↑Thu May 05, 2022 1:54 pm Interest rates up to 1%, but three of the committee wanted them higher at 1.25%. CPI inflation now predicted to hit 10% by end of year. If they could hit 9% this month then I think that may be a tad hopeful.

Yes, yes we know all that. Is it a good thing or a bad thing?
It depends.

I have a friend who is invested across a range of UK, European, North American and Far East equities and bonds etc. Will he be OK?

Posted: **Thu May 05, 2022 2:56 pm**

Max B Gold wrote: ↑Thu May 05, 2022 2:52 pm
Dunners wrote: ↑Thu May 05, 2022 2:47 pm
Max B Gold wrote: ↑Thu May 05, 2022 2:24 pm

Yes, yes we know all that. Is it a good thing or a bad thing?
It depends.
I have a friend who is invested across a range of UK, European, North American and Far East equities and bonds etc. Will he be OK?

If your friend is sufficiently diversified, then they may be okay. But you may want to point them in the direction of crypto, just in case. That's a banker.

Posted: **Thu May 05, 2022 3:16 pm**

Dunners wrote: ↑Thu May 05, 2022 2:56 pm
Max B Gold wrote: ↑Thu May 05, 2022 2:52 pm
Dunners wrote: ↑Thu May 05, 2022 2:47 pm

It depends.
I have a friend who is invested across a range of UK, European, North American and Far East equities and bonds etc. Will he be OK?
If your friend is sufficiently diversified, then they may be okay. But you may want to point them in the direction of crypto, just in case. That's a banker.

Yesss! I mean I will let my friend know.

I suspect he will swerve the crypto on account of it not being a real thing.

Posted: **Thu May 05, 2022 7:53 pm**

Thanks for asking for me, Maxy. I’m overweight in Gold right now but think the rest of the portfolio is mostly holding up after the March blip.

Bit miffed about the rate hike as I might need to borrow some cash to complete the renovations at the new place - typical building project took longer and cost more than expected

Posted: **Fri May 06, 2022 10:58 pm**

Central banks are about to find out that interest rate rises have little to no impact on inflation in things you need rather than things you want.

They're all paying the costs of political destruction of unions and collective bargaining agreements as they wring their hands confused as to why there's no wage inflation to save them.

Posted: **Fri May 06, 2022 11:45 pm**

Adz wrote: ↑Fri May 06, 2022 10:58 pm Central banks are about to find out that interest rate rises have little to no impact on inflation in things you need rather than things you want.

They're all paying the costs of political destruction of unions and collective bargaining agreements as they wring their hands confused as to why there's no wage inflation to save them.

Are you thinking the class struggle is a thing again?

Posted: **Fri May 06, 2022 11:49 pm**

Max B Gold wrote: ↑Fri May 06, 2022 11:45 pm
Adz wrote: ↑Fri May 06, 2022 10:58 pm Central banks are about to find out that interest rate rises have little to no impact on inflation in things you need rather than things you want.

They're all paying the costs of political destruction of unions and collective bargaining agreements as they wring their hands confused as to why there's no wage inflation to save them.
Are you thinking the class struggle is a thing again?

Was it ever not?

Posted: **Wed May 18, 2022 7:11 am**

9% a 40 year high. Well done the T*RIES

Posted: **Wed May 18, 2022 7:36 am**

Its all temporary apparently so we shouldn't ask for a raise.

Posted: **Wed May 18, 2022 9:48 am**

Pretty sure hiking interest rates isn't going to solve the problem.

All the stuff that's causing inflation (food,energy & Petrol) is pretty much beyond their remit.

Posted: **Wed May 18, 2022 11:16 am**

who was in power 40 years ago ?

Posted: **Wed May 18, 2022 12:53 pm**

JimbO wrote: ↑Wed May 18, 2022 9:48 am Pretty sure hiking interest rates isn't going to solve the problem.

All the stuff that's causing inflation (food,energy & Petrol) is pretty much beyond their remit.

No it's not. HTH.

Posted: **Thu Jun 16, 2022 12:32 pm**

The BoE Monetary Policy Committee voted 6 - 3 in favour of raising rates to 1.25%. The fifth consecutive rate rise.

The other three voted to raise it to 1.5%, which suggests more increases are on their way.

Posted: **Thu Jun 16, 2022 3:20 pm**

Martin Lewis was on Daytime TV yesterday telling a viewer that Coventry Building Society have a great junior scheme where her kids can put their £6000 away till they're 18 at 2.6%. He didn't mention that inflation is at 9% (please correct me if I'm wrong on that)

Posted: **Thu Jun 16, 2022 4:44 pm**

PutneyO wrote: ↑Thu Jun 16, 2022 3:20 pm Martin Lewis was on Daytime TV yesterday telling a viewer that Coventry Building Society have a great junior scheme where her kids can put their £6000 away till they're 18 at 2.6%. He didn't mention that inflation is at 9% (please correct me if I'm wrong on that)

Didn't watch it. I don't know if it's just me but I find that Lewis fellow a bit irritating. I know his hearts in the right place and everything but he is literally obsessed with money.

Posted: **Thu Jun 16, 2022 10:23 pm**

Max B Gold wrote: ↑Wed May 18, 2022 12:53 pm
JimbO wrote: ↑Wed May 18, 2022 9:48 am Pretty sure hiking interest rates isn't going to solve the problem.

All the stuff that's causing inflation (food,energy & Petrol) is pretty much beyond their remit.
No it's not. HTH.

Can you explain why? I have a similar view to jimbo

Posted: **Fri Jun 17, 2022 10:35 am**

Usually inflation is caused by people having too much money to spend, but this isnt the case. Its caused now by a combination of World events, and pure greed by Petrol suppliers, and energy suppliers. ( world price of energy gone down, but prices still rising)
Raising the interest rates isnt going to work IMO. We atre heading for recession, and raising these interest rates will add fuel to the fire
Unbridled Capitalism is destroying our lives at the moment IMO

Posted: **Fri Jun 17, 2022 10:40 am**

What do you guys think about investing in Gold Sovereigns ?

Posted: **Fri Jun 17, 2022 10:49 am**

Dunners wrote: ↑Thu May 05, 2022 1:54 pm Interest rates up to 1%, but three of the committee wanted them higher at 1.25%. CPI inflation now predicted to hit 10% by end of year. If they could hit 9% this month then I think that may be a tad hopeful.

It was mentioned on the radio this morning inflation is expected to hit at least 11% . That lunatic Putin has really fcuked everything up .

Posted: **Fri Jun 17, 2022 10:55 am**

Qin wrote: ↑Fri Jun 17, 2022 10:35 am Usually inflation is caused by people having too much money to spend, but this isnt the case. Its caused now by a combination of World events, and pure greed by Petrol suppliers, and energy suppliers. ( world price of energy gone down, but prices still rising)
Raising the interest rates isnt going to work IMO. We atre heading for recession, and raising these interest rates will add fuel to the fire
Unbridled Capitalism is destroying our lives at the moment IMO

If world energy prices are coming down than why can’t western governments do something about these greedy energy companies and force them to reduce their prices . They might not want to interfere but due to world events we’re not in normal times

Posted: **Fri Jun 17, 2022 10:57 am**

The pound v the dollar is worth keeping in mind.

Posted: **Fri Jun 17, 2022 11:11 am**

RedDwarf 1881 wrote: ↑Fri Jun 17, 2022 10:55 am
Qin wrote: ↑Fri Jun 17, 2022 10:35 am Usually inflation is caused by people having too much money to spend, but this isnt the case. Its caused now by a combination of World events, and pure greed by Petrol suppliers, and energy suppliers. ( world price of energy gone down, but prices still rising)
Raising the interest rates isnt going to work IMO. We atre heading for recession, and raising these interest rates will add fuel to the fire
Unbridled Capitalism is destroying our lives at the moment IMO
If world energy prices are coming down than why can’t western governments do something about these greedy energy companies and force them to reduce their prices . They might not want to interfere but due to world events we’re not in normal times

Nice to see you calling for govt intervention to control broken markets and rapacious capitalist price gouging and not just the oil and energy companies.

So it looks like govts CAN do something after all and it's not all outside their control. Surprisingly enough it looks like human action changes economies.

Yes Dunners exchange rate differences are in play but again govt can take action to remedy this too.

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