Are you worried yet.

Delmonte · Apr 9, 2020

Rwc13 said:
And yet some Governments/EU have been adopting this kind of approach for around a decade and inflation in many countries has been kept at or near an all time low........

Have a look at inflation of hard assets, particularly property, across Europe the last 2 decades. Then compare to wages. I'd say all talk of low inflation is smoke and mirrors. Seriously. I don't know how they fiddle the inflation figures down, but I'm pretty sure they do....

Oishi · Apr 9, 2020

Delmonte, you made my point. Oil (gas diesel), other energy, precious metals, land, services, things that aren't manufactured in China have gone up in price at a fast rate. Cheap mfg. goods have stayed pretty level. By cherry picking what is included in inflation figures, the real costs of inflation are kept hidden. China is set up to absorb the inflationary pressure of too much cheap money.

lozcb · Apr 9, 2020

Oishi said:
Sorry Wattie, I have to disagree. The inflation will occur, but, as it has been doing for the last 20 years, it will only inflate China's economy. The old definition of ' too much money chasing too few goods' no longer applies as China absorbs the printed monies by producing more cheap sh[t, and then buying the debt instruments created to print the money. " a capitalist will sell the rope used to hang him" is very true in this case. We have been slowly selling our nations to the Chinese for 30 years now. This CV disaster will be painful, but I see it as an opportunity, if we can use it, to reset the dynamic. I do think there is a plan, and Trump (love or hate him) will execute at the right time.

Absolutely , Trump is the best spanner in the box ,I've said it many a time he is a necessary tool in this day and age , love him or loathe him

Delmonte · Apr 9, 2020

lozcb said:
Absolutely , Trump is the best spanner in the box ,I've said it many a time he is a necessary tool in this day and age , love him or loathe him

Do you really think he knows what he's doing? I'm not convinced. Seems completely impulsive to me. I suppose being unpredictable might be an advantage over his rivals but I don't see there's a method there

lozcb · Apr 9, 2020

Trust me Trump isnt as stupid as he makes out , yes he's an arrogant son of a biitch , rude and contentious yes, he's all of those things of course, In nature he reminds me of George Paton , a man who gets things done blindly , not caring who he upsets on the way to completeing the objectives ( to him there are acceptable casualties ) always is in war , and this is a war but not in the military sense ,The undoing of 30 + years of over indulged liberalism was never going to be easy , but its where we have to be , and Trump is you man that will lead that charge , and i believe Boris sees that in him , the Sadiq Khan days of this world are over .........................................there ive said it.....................oops just getting warmed up

Delmonte · Apr 9, 2020

lozcb said:
Trust me Trump isnt as stupid as he makes out , yes he's an arrogant son of a biitch , rude and contentious yes, he's all of those things of course, In nature he reminds me of George Paton , a man who gets things done blindly , not caring who he upsets on the way to completeing the objectives ( to him there are acceptable casualties ) always is in war , and this is a war but not in the military sense ,The undoing of 30 + years of over indulged liberalism was never going to be easy , but its where we have to be , and Trump is you man that will lead that charge , and i believe Boris sees that in him , the Sadiq Khan days of this world are over .........................................there ive said it.....................oops just getting warmed up

I don't even think he qualifies as a conservative, but it is useful for him to pay lip service to the 'anti liberal' mob especially in the US. And especially with regard towards the media. If the neo cons see him as their idol, I think they have picked a false one.
I just think he's more of a gangster. But he should heed the words of the Don "never hate your enemies. It clouds your judgement"

mjheathcote · Apr 9, 2020

Phil H said:
We've had three close relatives in care homes over the years and the costs were eyewatering, and as you say they are run for profit. One of the owners tried (but failed) to increase my aunt's fees by 14% and said that funding had been cut for his council funded residents so he had to make up the shortfall from those who were self funded. We had a deep and meaningful debate which he lost, but it was notable that he and his wife each had new BMW's every year and opened a second care home.

PH

Reminds me of my daughters private nursery. They put on a summer fair to raise funds for a buggy to take the kids out in the summer.
I made the point that they were a private nursery, and why should we be raising money via a summer fair for something they should be providing anyway. The money raised basically bumping up the profits on the bottom line, so the owner could buy herself yet another expensive pair of designer high heeled shoes!! I don't mind anyone doing well in business, but it was obscene the nursery fee cost and wealth from it on show.

Wanderer · Apr 9, 2020

Trump is thick, his academic record is full of bull, he shows all the signs of senility, and some sort of narcissistic trait so much so he has to right about everything - and then he just comes across as an idiot, which of course he is.

"No one knows more about South Korea than me" - then gets it all wrong....

lozcb · Apr 9, 2020

Delmonte said:
I don't even think he qualifies as a conservative, but it is useful for him to pay lip service to the 'anti liberal' mob especially in the US. And especially with regard towards the media. If the neo cons see him as their idol, I think they have picked a false one.
I just think he's more of a gangster. But he should heed the words of the Don "never hate your enemies. It clouds your judgement"

#
Dont think for one minute he doesnt know exactly whose buttons he's pushing , its just not done in the British stiff lip upper Teresa May way , but even the discovery of this covid 19 being released from the Wuhan lab has thrown the US by total surprise as to how low the Chinese would go, so in one way its been a blessing now its done , the rules of engagement have been set , lets sit back and watch the ride , it aint goin to be nice , and i'd rather him in charge of them and Boris in Charge of us if the going gets tough ...which it will

lozcb · Apr 9, 2020

Wanderer said:
Trump is thick, his academic record is full of bull, he shows all the signs of senility, and some sort of narcissistic trait so much so he has to right about everything - and then he just comes across as an idiot, which of course he is.

"No one knows more about South Korea than me" - then gets it all wrong....

Yes he's all of those things ...............................................but i prefer him to the alternatives

rockits · Apr 9, 2020

I think Trump and Boris are completely different in intellect but are also very similar in lots of respects. The world is very different and complex place now and normal rules don't apply. To have two people who are not always sure what they are going to do and/or say is not a bad attribute in a weird way. How does someone try to work out what they will do next when they don't know themselves?!

If anyone will have any success in clipping China's wings it will be Boris and Trump I feel. If nothing else they add a tremendous comedic value to politics

Wanderer · Apr 9, 2020

Let's think of genuinely clever politicians?

Actually I know I'll get ***** for this but Gordon Brown, a genuinely intelligent man (PhD) cot caught up in the 2008 global collapse IMHO brains wise....

Blair - Charisma over insight bit we had 10 years or so glory so?

John Smith - Best PM we never had?

John Major - speaks a lot of sense now

Kenneth Clarke - another best PM we never had.

Haven't thought it through so don't flame me.

Current lot in power cant think of any.....

lozcb · Apr 9, 2020

Wanderer said:
Let's think of genuinely clever politicians?

Actually I know I'll get * for this but Gordon Brown, a genuinely intelligent man (PhD) cot caught up in the 2008 global collapse IMHO brains wise....

Blair - Charisma over insight bit we had 10 years or so glory so?

John Smith - Best PM we never had?

John Major - speaks a lot of sense now

Kenneth Clarke - another best PM we never had.

Haven't thought it through so don't flame me.

Current lot in power cant think of any.....

Now why didnt that surprise me , I could of written that about you with just the little i know of you

, suits you sir ,suits you, hang to the left do we sir

Wanderer · Apr 9, 2020

lozcb said:
Now why didnt that surprise me , I could of written that about you with just the little i know of you , suits you sir ,suits you, hang to the left do we sir

Major and Clarke tho!

Wanderer · Apr 9, 2020

lozcb said:
Now why didnt that surprise me , I could of written that about you with just the little i know of you , suits you sir ,suits you, hang to the left do we sir

It was like 2-2! So I'm centre....

Delmonte · Apr 9, 2020

Wanderer said:
It was like 2-2! So I'm centre....

I think you'll find that Ken Clarke qualifies as the loony left in Lozs ' eyes...

bigbob · Apr 9, 2020

Been following this thread for a bit and somewhat surprised at how direct some of the communication has become for a normally friendly forum. Then I went onto PH and realised that the chat on SM is about as threatening as the Hugh Grant/Colin Firth fight scene in Bridget Jones.

I suppose everything is IMHO and we are all nervous about loved ones and our jobs & finances, hence the energetic posts. Clearly Q2 GDP will be dire but things will recover and maybe this will be a useful reset for all of us to assess what we really need?

I don't buy into the high inflation argument as demand will still be as weak as it was before even after the Q4 (or whenever) rebound. That said as an older person high inflation would not worry me at all and it is the classic way of governments' reducing the real value of debt, however, I don't see it happening. There is an amazing amount of doom and gloom about and, sure, some asset prices will suffer more than others but this is not a classic recession with a normal demand/supply imbalance. Instead its a massive exogenous shock just like a major earthquake would be but demand has not evaporated, it has just been deferred. Sure people maybe more cautious in the aftermarket and that is no bad thing as as a whole we need to collectively have more buffer cash/realisable investments but people who seem stagflation and the like are way off the mark.......................................................................IMHO.

Swedish Paul · Apr 9, 2020

rockits said:
I think Trump and Boris are completely different in intellect but are also very similar in lots of respects. The world is very different and complex place now and normal rules don't apply. To have two people who are not always sure what they are going to do and/or say is not a bad attribute in a weird way. How does someone try to work out what they will do next when they don't know themselves?!

If anyone will have any success in clipping China's wings it will be Boris and Trump I feel. If nothing else they add a tremendous comedic value to politics

To procrastinate and finally make the wrong decision is far worse than to make a decision, realize quickly it was the wrong one and adjust.

Swedish Paul · Apr 9, 2020

bigbob said:
Been following this thread for a bit and somewhat surprised at how direct some of the communication has become for a normally friendly forum. Then I went onto PH and realised that the chat on SM is about as threatening as the Hugh Grant/Colin Firth fight scene in Bridget Jones.

I suppose everything is IMHO and we are all nervous about loved ones and our jobs & finances, hence the energetic posts. Clearly Q2 GDP will be dire but things will recover and maybe this will be a useful reset for all of us to assess what we really need?

I don't buy into the high inflation argument as demand will still be as weak as it was before even after the Q4 (or whenever) rebound. That said as an older person high inflation would not worry me at all and it is the classic way of governments' reducing the real value of debt, however, I don't see it happening. There is an amazing amount of doom and gloom about and, sure, some asset prices will suffer more than others but this is not a classic recession with a normal demand/supply imbalance. Instead its a massive exogenous shock just like a major earthquake would be but demand has not evaporated, it has just been deferred. Sure people maybe more cautious in the aftermarket and that is no bad thing as as a whole we need to collectively have more buffer cash/realisable investments but people who seem stagflation and the like are way off the mark.......................................................................IMHO.

Everything goes in cycles. To think we will not have high inflation again is to forget this. It will happen.

Silvercat · Apr 9, 2020

Wanderer said:
Trump is thick, his academic record is full of bull, he shows all the signs of senility, and some sort of narcissistic trait so much so he has to right about everything - and then he just comes across as an idiot, which of course he is.

"No one knows more about South Korea than me" - then gets it all wrong....

I don't disagree with you but he must have had a brain at some point in his past otherwise he wouldn't be a multi billionaire now.

Are you worried yet.

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