431–440 of 1001 posts
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Every country in Europe is feeling the effects of the war in Ukraine but the UK seems to be dealing with it the worst. There's clearly an extra layer going on there.
How do you figure? From the numbers posted by others in these comments it seems UK inflation is pretty much mid-table compared with the rest of Europe: https://i.redd.it/8hbhiqhowjpa1.png
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It might be my own idiosyncrasies coming through (non-native speaker + how we use the term among friends to point out stupid stuff)
"Meanwhile" means there isn't any particular connection, but replying in disagreement is very common and on social media it's often assumed if ambiguous.
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> Asset prices are highly inversely correlated to interest rates I present you the US housing market.
I don't quite understand. Are you commenting on the much discussed U.S. Housing Prices Fall for First Time in a Decade" stories? https://time.com/6217372/us-housing-prices-fall/
As a person living in the UK, I have definitely noticed a considerable rise in unit prices. One of many examples is that a loaf of my favourite bread increased from £3 to £4 recently, which was a shocker. Toilet roll prices, as ever what the news loves to talk about, has exploded, increasing by around 70% since 2020 by my anecdotal observation. A sad thought I have about inflation is the fact that it is, wittingly or…
"[snip]...endless blue-collar UK worker union strikes, riots, protests, etc" Ummm... nothing like the 70s/80s (I'm old). Seriously I think that the younger people in the UK are showing immense stoicism and forbearance.
Yet another sector where investment is low and prices are high. Over winter tomatoes were in short supply, not because we couldn't grow them, but because the methods of heating greenhouses were too expensive. CO2 heaters use gas in largely uninsulated greenhouses. A bit of creativity (solar thermal with storage supplying radiators) or just modernity (air source heat pumps) would have solved this problem. Alas, there…
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The UK still has access to those markets. The problem is not that we can't import goods, but that there are fewer goods to import and they are being sold at higher prices. For example, in January, food inflation in France was 14.8% and in the UK it was slightly lower at 13.3% and the OECD rate was 15.2%. It's not a Brexit problem; it's a production problem. - https://tradingeconomics.com/france/food-inflation - https…
When food starts to run out, governments serve their own people first. This is also true for the EU. If there's not enough to go around, the UK simply won't get to buy any.
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Assets are deflating at the moment though. S&P500 is down, property prices are down, etc. Asset prices are highly inversely correlated to interest rates, so for a 'rich' person you are actually much better off without inflation, as interest rates are lower and asset prices rise faster.
Not sure why you are being downvoted. Stock prices are on the slide and property prices and rental yields are extremely precarious. I also agree that low rates were good as you could invest in property with leverage and in businesses which could borrow and raise money to cheaply to grow. Nobody is having a good time right now.
I noticed you didn't say "declining" because that wouldn't be true.
As a person living in the UK, I have definitely noticed a considerable rise in unit prices. One of many examples is that a loaf of my favourite bread increased from £3 to £4 recently, which was a shocker. Toilet roll prices, as ever what the news loves to talk about, has exploded, increasing by around 70% since 2020 by my anecdotal observation. A sad thought I have about inflation is the fact that it is, wittingly or…
Neither "the rich" nor the "lower class" is a monolithic entity. The idea that they are monolithic allows for elites to disguise their selfish consolidation of power as evidence of being on the side of the people. For some obvious examples, Hitler successfully blamed the Jews for German hyperinflation, and Stalin successfully purged political enemies he deemed as "capitalist".
