Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
"Good set of figures higher than the BoE estimated 2.0% shows the country in growth
Don't think so,it just means prices are going up."
You're correct snige. Some people haven't a clue of basic economics.
The mind absolutely friggin boggles - Brain washed.
Twenty years ago two people were needed to carry $10 worth of groceries - now a five year old can do it. It must be good cuz the two people can now sit on their rrse.
Wids
""Important UK data released last week which was ignored""
"CIPS UK Manufacturing pmi was posted on the 1st June plus
CIPS UK Construction pmi posted on the 4th June"
Irrelevant Livestock. I'm talking 11th June. BTW construction out released same day - another massive miss, new work remains subdued, 3.4% below Feb 2020.
Any bounce from the pandemic is to be expected, before imo a reversal then going South.
"plenty of uk data this week that could/will impact the lloyds sp...unemployment,cpi and retail sales...i will watch with interest...gla."
Important UK data released last week which was ignored.
Industrial production
Manufacturing production
Both BIG misses.
Follow US data for a window into the UK - it's all that really matters.
Cheaper to rent now than buy homes. With rates rock bottom doesn't bode well.
Yes Rosewall. Where the elites go to retreat to their underground bunkers - earthquake resistant I presume.
Good place to nuke in bad times, maybe NZ needs to wise up a little.
"Is everything going up in price or is it just that money is being devalued so you need more of it"
Both. Supply shortage & Demand increase, plus M2 supply through the roof - Roaring 20s a hundred years later.
What comes next is written in history.
Hospitality & Entertainment sector - much like the Yanks Burger flipper and wine pourer.
When the real job vacancies that create real economic growth appear things may turn up - until then don't get excited.
Shrinkflation was known to Moses. It's the ingenious ways and lengths they go to that cracks me up.
When sold under a weight or measure, price has to go up, or quality goes down - either way less bang for your buck.
That's why government fcks about and manipulates the CPI every 7 years or so - to their benefit not ours - complete scam.
Flipping burgers and filling wine glasses produces nothing.
Jobs data and numbers are a complete fck up. If you can't see what's happening - you never will.
On a different note. Bought some compost yesterday. £ 5.99 a bag....been that price for years. The big dif is, use to be 75ltrs - now 50ltrs.
No inflation? - do the maths.
AKA the big Con!
As I said yonks ago, cryptos won't be allowed to be a competitor/threat to gov Digital currency. All cobblers at the time, but here we are.
Crypto will be tolerated to a degree imo, but to me it's a nail in the coffin for CC. As for real money that's only gold/silver