The latest Investing Matters Podcast episode with London Stock Exchange Group's Chris Mayo has just been released. Listen here.
'It could be devastating': Deutsche Bank warns 5% inflation may get WORSE as prices rise at quickest rate since 2008 Great Recession and Republicans blame soaring cost of living on huge Democrat stimulus programs
Overall consumer prices rose 0.6% in May, totaling 5% over the prior 12 months and blowing past expectations
It is the fastest rate inflation has risen since August 2008 during the Great Recession
Core inflation, excluding food and energy, was up 3.8% for the year in fastest increase since 1992
Republicans blame freewheeling Fed monetary policy and Democrats' massive federal spending
Shortages in labor and commodities, and surging consumer demand are also considered factors
General Mills, Coca-Cola and Hormel all expect to raise prices as the cost of raw goods rises
Chipotle is jacking up menu prices 4% to offset higher wages as it tries to attract workers
Fed chairman insists the inflation effect is temporary and will dissipate later this year
By KEITH GRIFFITH FOR DAILYMAIL.COM and WIRES
https://www.dailymail.co.uk/news/article-9672595/Inflation-jumps-5-April-quickest-rise-2008.html
LTI,
"Just an out and out liar, full stop."
You're the one who told us your so called brother died on the same day market troughed . Then tell us you bought , whilst severely distressed on such trough .
Myself and many others have seen through you !
Xwave,
Do as you please with your monies .
LTI ,
As our serial dobber , you have had most of my posts deleted but saved by yourself . You then edit and repost incorrect info .
It reassures me the vast majority of this forum has seen through you .
You're an extremely sad individual !
LTI,
"For me it has been a cycle I have been in before. In 2014 and 2015 I was offloading Lloyds shares in the high 70's and maybe over 80 p. This gave me a good holding with an average in the low 20's."
Utter tosh ! You were telling us then Lloy was cheap @ 80p .
We are told the Financial reset is to occur in 2025 , no explanation given for that specific timeframe . From what I've read China GDP should equal US on that year .
We all know Chinese are buying all the physical Gold they can get hold of . It wouldn't surprise me if they then peg their currency to Gold . They already have a consumer market of ~20% of the Global population . Western nations will be forced to raise their base rates with corresponding effects . Biden' splurge is not helping the Dollar now , never mind 4 yrs down the line
SC,
It's rather pointless paying a premium for volatile assets that are susceptible to the Economic cycle .If the profit margin is too generous , folk will seek to undercut you . My opinion is Lloy are doing right in entering BTL market , not great margins , but steady .