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UK inflation slumps to lowest level since 2016

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thx1138
World Chat Champion



Joined: 06 Oct 2005
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PostPosted: 02:14 - 19 Sep 2019    Post subject: Reply with quote
stinkwheel wrote:
As a mortgage holder. To me inflation is free money.

Low inflation gives me a sad.


as a freeholder, I guess I get richer on paper at least Confused
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stinkwheel
Bovine Proctologist



Joined: 12 Jul 2004
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PostPosted: 10:00 - 19 Sep 2019    Post subject: Reply with quote
mpd72 wrote:
stinkwheel wrote:
As a mortgage holder. To me inflation is free money.

Low inflation gives me a sad.


But surely inflation will increase the interest rate, meaning as a mortgage holder, your repayments will rise, if not now, when your fixed deal ends?

13% interest rates now would cripple the vast majority of borrowers.


Swings and roundabouts. In general inflation tends to be higher so the capital in my loan is proportionately worth less. A fiver doesn't buy you what it did in 1990... With the noteable exception of low quality hashish which seems to be remarkably inflation proof
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Im-a-Ridah
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Joined: 20 Oct 2006
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PostPosted: 11:15 - 19 Sep 2019    Post subject: Reply with quote
MCN wrote:


Oi...

Sloppy use of stats mucky mucker my muck.

The percieved payouts uiu listed are all related to the UK performance in the world market.
Many indicators have drastically changed over time.

Boomers had to do sums on their hands or on paper. Not allowed to use machines.

Millennials, mum or dad do the sums.

🤣


I'm not aware of anyone having their mum or dad do their maths exam for them.

Also when is the selfish gibsmedat generation (the boomers) going to pay off that massive national debt they left millennials? Oh, never? Talk about lazy and selfish!

$2.66 trillion US dollars... Probably shouldn't have done those debt sums by hand eh? Laughing

Tony Blair should be renamed Lord Bubbles after all the economic bubbles he created.

mpd72 wrote:
Maybe I’m Seeing things through turd coloured specs, but life now appears much easier than when I grew up.

Can you imagine millenials actually saving up to buy something outright in the future instead of leasing it to have it right away? Cutting spending to a bare bone to cope with 13% interest rates on their borrowing? Coping with regular power cuts and water strikes? Having to walk or cycle miles to school? Learning to mend and repair?


Speak for yourself Laughing

I walked to school, can repair most stuff and have a masters in engineering.
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Old Thread Alert!

The last post was made 4 years, 220 days ago. Instead of replying here, would creating a new thread be more useful?
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