RE: Topped up14 Sep 2022 13:12
CPI and recession fears, even though we are in a recession really we are NOT on paper.
Markets hate on paper recessions so prices can drop quite a lot on recession stats,
WE need lower oil prices and lower inflation asap, upping interest rates does **** all imho this time round, seems an odd way to tackle it. Oil and GAS are the key inflation issues. Go on the BP part of this site though and they are happy if not a bit deluded and a few seem a bit thick. :-) YOU know who you are as you look at my cross posts :-p
I guess interest rates will go up yet again on the 22nd ! putting people in more poverty when their mortgage rates will be well over 4% on renewal !!!
Retail is on it's arse, people are NOT spending already, why the BOE, eu and USA thing a rate rises will lower inflation is quite odd.