Member Info for fordm

I would argue that oil is not the reason for high inflation. Monetary policy is the cause, someone pay an extra £80 per month to fill their car compared to an extra £1000 interest on their mortgage would be the driver. High interest rates are the driver. The BoE is using an outdated method to counter inflation.

I will give and example, in 2014 Oil was $94 per barrel, inflation was 2.4%, interest rates were near 0%.

Right now where I live, inflation is 1.6%, oil price is the same as you pay in the UK, sure we pay more for fuel, like you do. Our Central bank base rate is 1.75%.

Do you see where I'm going with this?

Our 'leaders' are on their payroll. Surely you would have figured that out by now? Not being disrespectful.

But seriously, when was the last time any leader within the western world did anything good for the people?

At this rate, I would not be surprised if this SP hit the 140's next week. Summer hols are over, back to school and sp drops like a Biden's popularity rating

Tricky, sorry to hear your short lived retirement. All good things come to an end?

Still, postponement is ok....

I would like to visit Russia one day, it's on my list. But probably wait until I get my red passport, in case the blue UK is negatively received.

It's hard for people to make a move abroad, being comfortable makes people less driven, but that also comes with age, maybe that is why the article was targeted to under 50's? Switzerland has been the longest place I have ever lived in one place, even then I have moved four times within the country. We get strange looks from the locals when they hear that.

I don't get why I feel outraged at the corruption in the UK, it really does not affect me in the least. But I do, because as mentioned, it's always the little guy that gets shafted, but more importantly, the hypocrisy of the British government.

Anyway, I hope you get to enjoy a few weeks of summer in retirement before winter comes. Unless they do ice fishing?

Take care bud.

Hello tricky, all good here, hope you are doing well in retirement?

I agree with all you and bobbins have said. It will not get better for those that are struggling.

This is not a new scenario, this has always happened, but now with a brazen attitude and unprecedented scale, by the 'untouchables'.

If you want to know how badly the UK is doing, look at the food isles. All the junk food is always on sale, the good foods, fresh meats, etc seldom are. The junk will make you and keep you unhealthy in body and mind, then the soul follows. If you do not have the will or the strength, you will just comply.

As bobbins pointed , the city of London is NOT the measure of the health of the country, nor is the gdp.

It's just playing fast and loose with marketing.

The headline price is what draws people in, then you slam them with the luggage cost.

C_K, I would rather have an upfront cost all inclusive because as you say, most people need luggage to travel, very few just walk on and walk off to their second home.

And yet the European stocks still dive at 14.30.. hhmm.

I guess computors never take a day off.

Labor Day. (Their spelling)

" I guess still getting dragged down by general cost of living crisis, war in ukraine, reports on house prices dropping further, etc etc."

So, why is BP, RR, Barclays all climbing this week, inc EJZ and Wizz?

Oil has stabilised for now, Gas prices lower than last year. Foodflation will stay, that is not going to come down, trust me on that. I also own 'food, etc' stock, they have risen their prices and have no plans on reducing. General Mills, Unilever, Mondelez, Kraft will not be cutting their prices. So foodflation is here to stay.

Over inflated UK house prices need to come down, but it is 'wooden dollars' scenario. Perhaps the stamp duty would be my first concern as a house buyer.

None of it makes sense, as the US has some of the highest increases in food prices, houses and raw materials, yet their stocks are flying, just look at the S&P500 YTD.

Bobbins, as Skindle pointed out, there are other ways. Really, if you can, get out. The UK is now just an experiment in social construction and behavioural adjustment.

They are using the UK as a basis to see how far people with no power, no hope and no prospects can be pushed.

You have the vultures swooping in and picking at the remains of the carcass.

Thanks for proving my point about you being an immature imbecile.

At least I get to live rent free in your head, lots of space up there clearly.

Have a pleasant evening, peasant.

I wonder how long before you get banned again, try a different variation of your name next time, too obvious, but shows lack of imagination, probably due to low IQ, not your fault. It's a genetic thing, inbreeding I suspect. Never mind. Keep taking the hormones.

How about you stay in your lane?

Don't like what I post, don't read it. Your choice.

The audacity to tell me to improve skills?

This is a public forum, not YOUR personal domain.

Nothing I posted said it would happen, just an observation of what is starting to happen in the US, clearly you are too immature and sensitive to live in the real world.

Please feel free to NOT interact with me, as I will choose the same with you.

Maybe, then you are not looking hard enough?

What motive do I have? So I suggest do your own homework, but don't be surprised when they start pushing this agenda all over again.

I'm not asking you to believe, I'm just posting what I saw on CNN, they are not covering it everyday, it's called nudge for a reason. Not like the propaganda about Trump or Ukraine, now there is serious money in that.

So Maybe, work harder and stop your constant BS, as you seem to be banned and resurrect yourself as someone new constantly.

Maybe you should watch CNN sometimes?

MSM in the US are all talking about it and a college where my in-laws live have asked students to mask up starting this falls semester. It's a small university.

I also saw news on MSNBC saying that a production studio is telling all workers to mask up.

The CDC are watching the 'new variant'. just look up their website if you are not sure.

Just open your eyes and see what is happening around the world, not just in the UK.

Coming this Autumn. The US is pushing mask mandates and talk is now travellers will have to take up a 'new improved' vax to travel come October!!

This will do great for the sector no doubt.

Still, if at the height of covid we hit 220, maybe when everything is lockdown again we may have a chance of hitting 200's again?

What a fcuk'd up world we live in right now. What a time to be alive!!

Not only no services, but they were bleeding money with planes parked up, paying staff, and keeping ancillary operations running.

Not sure how that helps the sp in anyway?

They are recruiting pilots as the older ones are being terminated, pensions too high. Just replacing and possibly adding a few.

The issue is growth or lack thereof in this industry. Until some ground breaking news comes from the industry, nothing will change.

"Set chart to 1 year ( finished covid ) - draw lines "

Just when the US has started ramping up the new flu variants and calls for mask mandates.

The con is really going the distance on this one, only being beaten out by the 'climate crisis'.

Watch this Autumn, they will implement vax for travellers to the US again.

The problem at the moment seems that the big investors do not see much future growth potential. Is it because of competition, travel sector under pressure to reduce travel for the great unwashed, so therefore not long term sustainable?

Not that long term means much for the big investors, they hold for a few months and call it long term.

But as of now, European airlines are being sidelined for more 'trendy' stocks.

The markets as a whole are down, no consolation as this sp has been going down before that.

Perhaps everyone is afraid of the big bad wolf that is Michael Burry, the S&P 500 shorter that is shorting the S&P now?

A self fulfilling prophecy?