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The pound in your pocket....

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    The pound in your pocket....

    Extra £75bn to be "printed".

    Expect some even more serious "temporary" inflation effects.

    #2
    Yep, inflation will be down to 2 per cent in 18 months, as they've been telling us for about 10 years now.

    I once read an article (Wiki I think) that said governments always lie about inflation in hard times. Couldn't find it last time I looked. We all know they do it, but still go along with the pantomime for some reason.

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      #3
      They should have printed 150 billion, that 75 billion will not go far.

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        #4
        Originally posted by DimPrawn View Post
        Extra £75bn to be "printed".

        Expect some even more serious "temporary" inflation effects.
        Source?

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          #5
          Bank of England injects further £75bn into economy.

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            #6
            I hope I can close my first property deal before all this money hits the markets - oil is going back up to over $100 now ffs!

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              #7
              Originally posted by AtW View Post
              I hope I can close my first property deal before all this money hits the markets - oil is going back up to over $100 now ffs!
              I think there was news about house prices having fallen out today too.

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                #8
                Originally posted by TimberWolf View Post
                I think there was news about house prices having fallen out today too.
                -0.5%

                But up 12.4% in parts of Surrey, and 7.4% in my part of the world.

                I think you need to avoid Wales, anywhere north of Hitchin and anywhere West of Newbury, anywhere south of Horsham and you should be good...

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                  #9
                  Originally posted by TimberWolf View Post
                  I think there was news about house prices having fallen out today too.
                  Who is getting that £75 bln then? Ah I know - banks with tulipy "assets" used at full face value to get real cash, put it into commodity markets and watch banks make 50% of real cash, pay big bonuses and offset corp tax due to losses booked for last couple of years.

                  Meanwhile everyone else will keep paying £1.50 per liter of fuel.

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                    #10
                    Originally posted by AtW View Post
                    Who is getting that £75 bln then? Ah I know - banks with tulipy "assets" used at full face value to get real cash, put it into commodity markets and watch banks make 50% of real cash, pay big bonuses and offset corp tax due to losses booked for last couple of years.

                    Meanwhile everyone else will keep paying £1.50 per liter of fuel.

                    Buy shares in oil explorers and producers?

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