Oh well interest rates up to 5% - a 0.5% jump this time!

[Wash DC Blue]

Re: Oh well interest rates up to 5% - a 0.5% jump this time!

Did I say brexit was the sole cause?

No you didn’t you quite correctly stated that The Pandemic and The War are factors.

My point is that I don’t believe that Brexit is a driver of Global inflation even if it is making things worse than it is for some but not all EU countries.

[Rjk]

Re: Oh well interest rates up to 5% - a 0.5% jump this time!

No you didn’t you quite correctly stated that The Pandemic and The War are factors.

My point is that I don’t believe that Brexit is a driver of Global inflation even if it is making things worse than it is for some but not all EU countries.

there isn't global inflation, inflation in China is 0.2%

[North Cardiff Blue]

Re: Oh well interest rates up to 5% - a 0.5% jump this time!

Did I say brexit was the sole cause?

You implied it as it fits your agenda.

Brexit is a minor contributor to the grand scale of things, it's the global economy settling after the Covid disruption mainly then added to by the War in Ukraine and the energy crisis.

Multiple other factors like profiteering and wage inflation have also added to a perfect storm, I think you are right about interest rate increase not being enough to cool things down on their own, but at least people have woken up to the issue now, which should create a bit of fear and lead to a slight reduction in spending on luxuries for some.

[Wash DC Blue]

Re: Oh well interest rates up to 5% - a 0.5% jump this time!

there isn't global inflation, inflation in China is 0.2%

True.
Could China be on the verge of deflation?

[North Cardiff Blue]

Re: Oh well interest rates up to 5% - a 0.5% jump this time!

there isn't global inflation, inflation in China is 0.2%

You don't single out one odd Country when you talk about the global economies.

[Doucas]

Re: Oh well interest rates up to 5% - a 0.5% jump this time!

You implied it as it fits your agenda.

Oh ok, I'll be careful not to say the truth incase it upsets you from now on.

[North Cardiff Blue]

Re: Oh well interest rates up to 5% - a 0.5% jump this time!

Oh ok, I'll be careful not to say the truth incase it upsets you from now on.

It's not the truth though is it, you look to blame everything on Brexit.

If Labour hadn't tried to stop it for so long and liaised with the opposition, it would have worked a lot better as we ould have been able to play hard ball and fight for a fairer deal.

[Rjk]

Re: Oh well interest rates up to 5% - a 0.5% jump this time!

You don't single out one odd Country when you talk about the global economies.

just repeating what John Redwood was saying this morning, he said basically the only countries struggling with inflation at the moment are ones who went too far with QE in the aftermath of covid. it was blamed on Ukraine, but it largely isn't anything to do with that

[Rjk]

Re: Oh well interest rates up to 5% - a 0.5% jump this time!

It's not the truth though is it, you look to blame everything on Brexit.

If Labour hadn't tried to stop it for so long and liaised with the opposition, it would have worked a lot better as we ould have been able to play hard ball and fight for a fairer deal.

what utter shit, what meaningful opposition did labour put up to Brexit? even if they had the Tories have a massive majority.
do you actually believe this nonsense?

[Doucas]

Re: Oh well interest rates up to 5% - a 0.5% jump this time!

It's not the truth though is it, you look to blame everything on Brexit.

If Labour hadn't tried to stop it for so long and liaised with the opposition, it would have worked a lot better as we ould have been able to play hard ball and fight for a fairer deal.

It is true though, brexit has contributed to inflation in the UK.

Oh right, the failure of brexit is the fault of the party who aren't in power.

I give you a gold medal for this incredible feat of mental gymnastics.

[Keyser Soze]

Re: Oh well interest rates up to 5% - a 0.5% jump this time!

It's not the truth though is it, you look to blame everything on Brexit.

If Labour hadn't tried to stop it for so long and liaised with the opposition, it would have worked a lot better.

Quite right. Simply screaming "Brexit" and "supply side / doesn't help" at everyone is like a wolf howling in all directions in the dark. Rent-a-vent. That is all it is.

Even reading the FT commentaries and sensible papers like The Times, it seems many idiots believe these "single cause" effects. Don't get me started on the highly mockable nonsense you see on the BBC, Guardian and Independent comments sections. Far, far worse. It is just people regurgitating GCSE level understandings of the world, and sometimes lower than that. It is precisely what I was saying about monkeys mixing politics with economics, or whinging about social policy, rather than staying focused on a cold headed analysis.

If you go into an economic debate with your political head on, you will never understand it and never solve it. Which is precisely why when Jeremy Hunt, Rachel Reeves, Kwasi Kwarteng, Ed Davey, that Green Party bird or Jeremy Corbyn start proffering their views, I urge everyone to turn the television off or change the channel. It is garbage. Political garbage. Not economics. Change the channel and choose Dora The Explorer. Far more productive use of time and you'll probably learn more. The TV clowns are on TV for politics and to get ratings. They are no role model and they talk through their rusty sheriff's badge most of the time.

If you genuinely want to know what is happening pick off the top economists. It is not a fun subject. It is dry. It is deep. It is heavy, and technical. It cannot be understood by a Comments section nor a Twitter line. There are several causes of inflation this time around (four in fact), and some of those four items have caused a "second round effect" as they have been left untreated. To shout "Brexit" is just retarded, in the grand scheme of a heavy subject.

[Doucas]

Re: Oh well interest rates up to 5% - a 0.5% jump this time!

Quite right. Simply screaming "Brexit" and "supply side / doesn't help" at everyone is like a wolf howling in all directions in the dark. Rent-a-vent. That is all it is.

Even reading the FT commentaries and sensible papers like The Times, it seems many idiots believe these "single cause" effects. Don't get me started on the highly mockable nonsense you see on the BBC, Guardian and Independent comments sections. Far, far worse. It is just people regurgitating GCSE level understandings of the world, and sometimes lower than that. It is precisely what I was saying about monkeys mixing politics with economics, or whinging about social policy, rather than staying focused on a cold headed analysis.

If you go into an economic debate with your political head on, you will never understand it and never solve it. Which is precisely why when Jeremy Hunt, Rachel Reeves, Kwasi Kwarteng, Ed Davey, that Green Party bird or Jeremy Corbyn start proffering their views, I urge everyone to turn the television off or change the channel. It is garbage. Political garbage. Not economics. Change the channel and choose Dora The Explorer. Far more productive use of time and you'll probably learn more. The TV clowns are on TV for politics and to get ratings. They are no role model and they talk through their rusty sheriff's badge most of the time.

If you genuinely want to know what is happening pick off the top economists. It is not a fun subject. It is dry. It is deep. It is heavy, and technical. It cannot be understood by a Comments section nor a Twitter line. There are several causes of inflation this time around (four in fact), and some of those four items have caused a "second round effect" as they have been left untreated. To shout "Brexit" is just retarded, in the grand scheme of a heavy subject.

By that logic I can't point out the war in the Ukraine, the pandemic or corporate greed because identifying the causes of a problem doesn't help apparently. Why are people like you repeating that I only said it was brexit, I have not said this but you're appearing very defensive, insecure about your vote perhaps?

Ok cold hearted analysis from the London School of Economics (or are they too woke??) - https://cep.lse.ac.uk/pubs/download/brexit18.pdf

This is just food costs alone nevermind other things we import from cars to materials.

[North Cardiff Blue]

Re: Oh well interest rates up to 5% - a 0.5% jump this time!

what utter shit, what meaningful opposition did labour put up to Brexit? even if they had the Tories have a massive majority.
do you actually believe this nonsense?

Labour all voted against and a couple of knobs like Dom Grieve caused the problems related to Brexit by delaying it and watering it down. If it hadn't been for them you wouldn't have had Boris the Brexit slayer!

[Keyser Soze]

Re: Oh well interest rates up to 5% - a 0.5% jump this time!

I am not defensive. I outline my thoughts in a very clear way and super-secure in them.

The London School of Economics is a hole for Keynesian economists. They use mathematical models that are 60 years out of date. Mocked by people in the City, in the late 1990s it became a breeding ground for the Labour and Liberal party, and some in the Conservative party. It is now more focused on promoting high debt / spending in mature economies and banging on about Brexit. You have proven my point by leading me to an LSE article. I have seen enough of them, and no city trader with money on the line reads them. It is this cabal of political-economists that are hired by the incompetent OECD, IMF, and UK Treasury. It is free toilet paper my friend. You are looking in the wrong place, but at least you confirmed my suspicions of where your ideas come from.

If you want to see sound economics, free of political thinking, you to Bayes Business School or London Business School. They feed the hedge fund and investment bank economists, who have a modern understanding of the economy.