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Credit deflation and the reflation cycle to come (part 9)
Harley replied to spunko's topic in Property Prices & Economy
EURGBP (the inverse) monthly has been in a down channel since Dec22 (GBP strengthening). The weekly is more a: -
Credit deflation and the reflation cycle to come (part 9)
M S E Refugee replied to spunko's topic in Property Prices & Economy
We either fight back against our elites or we end up being slaughtered like the Ukrainians. -
Credit deflation and the reflation cycle to come (part 9)
sancho panza replied to spunko's topic in Property Prices & Economy
I read the following tweet off X and it made me think of this post H. I've been clear,I think a lot of unrest is coming where disposable incomes get squeezed and the middle classes become poor.The irish elite are starting to get some pushback already. Whats gone on in the UK under the current elite since 1997 has been the stuff of the 1780's France as you allude.They jsut don't get how serious the situtaion is - Today
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Credit deflation and the reflation cycle to come (part 9)
PETR4 replied to spunko's topic in Property Prices & Economy
https://www.google.com/finance/quote/GBP-EUR?window=5Y Sterling has broken 1.18 against the EUR. It's been bouncing off 1.175 for the last year. A move on the way to 1.20 as rates potentially diverge? Thoughts? -
Credit deflation and the reflation cycle to come (part 9)
Long time lurking replied to spunko's topic in Property Prices & Economy
See two post above yours -
Credit deflation and the reflation cycle to come (part 9)
Onsamui replied to spunko's topic in Property Prices & Economy
He is an establishment plant. Been trained for it for years via WEF. -
Credit deflation and the reflation cycle to come (part 9)
wherebee replied to spunko's topic in Property Prices & Economy
post unavailable. what did it say? NVM -
Credit deflation and the reflation cycle to come (part 9)
Plan-b replied to spunko's topic in Property Prices & Economy
Thanks. 'They' don't even try and hide it anymore -
Credit deflation and the reflation cycle to come (part 9)
Shamone replied to spunko's topic in Property Prices & Economy
We ain’t seen nothing yet. -
Credit deflation and the reflation cycle to come (part 9)
Long time lurking replied to spunko's topic in Property Prices & Economy
That Rishis has awarded the IT contract for his new "FIT" back to work assessment system /trail which is basically independent assessors of sickness claimants to Infosys -
Credit deflation and the reflation cycle to come (part 9)
Plan-b replied to spunko's topic in Property Prices & Economy
It looks like the original tweet that was linked may have been deleted, for me anyway, no luck finding it elsewhere so far. From the comments I can sort of guess at its contents, briefly, what did it say? -
Credit deflation and the reflation cycle to come (part 9)
Long time lurking replied to spunko's topic in Property Prices & Economy
I might be wrong but i believe this is a customer service type job ,then you have California raising there NMW to $20 These are skilled trades levels of pay in the UK and most of Europe -
Credit deflation and the reflation cycle to come (part 9)
Lightscribe replied to spunko's topic in Property Prices & Economy
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A canary for the (UK property) coal mine - Omaze winners' "£4m" house
spunko replied to Frank Hovis's topic in Property Prices & Economy
Fowey is going to be ground zero for when the Cornish finally get their act together and start driving out these scumbags. With that in mind I wouldn't want to live there.... -
A canary for the (UK property) coal mine - Omaze winners' "£4m" house
spunko replied to Frank Hovis's topic in Property Prices & Economy
Now showing as sold at the Land Registry: https://houseprices.io/?q=pl23+1ly Registered sales: Date Sold Price Paid Nominal change Real change 03 Nov 2023 £4,350,000 -13.0% -17.4% 01 Nov 2022 £5,000,000 * 127.3% 64.8% -
Credit deflation and the reflation cycle to come (part 9)
Loki replied to spunko's topic in Property Prices & Economy
Yep just more inversion -
Credit deflation and the reflation cycle to come (part 9)
Chewing Grass replied to spunko's topic in Property Prices & Economy
'Levelling Up' a phrase created by the evil people 'in parliament' was always about levelling down, to get away with it they simultaneously dumbed down education 'national curriculum' and the media 'ofcom'. People were more intelligently savvy 100 years ago when things were 'discussed'. -
Credit deflation and the reflation cycle to come (part 9)
Shamone replied to spunko's topic in Property Prices & Economy
That job will be stressful and horrendous, which is why there are always vacancies at supermarkets. -
Credit deflation and the reflation cycle to come (part 9)
Long time lurking replied to spunko's topic in Property Prices & Economy
We don`t realise how poor we have become ,NWM was always about supressing wages to keep the country competitive but it was done at a huge cost ,it was always going to break ,and it was never designed to work in the opposite trajectory 25 years ago a job i was doing at the time was 28-30k ish that exact same job now in the exact same plant is now paying 34-36k When i was doing it i was relatively well off ,but the crux of the matter is the people that are doing that job now see it as a good job ,as i did back then ,we have been working our way down to the lowest common denominator for 30+ years i think we have hit the bottom now but it`s now clearly unsustainable ,,the chickens are coming home to roost -
Credit deflation and the reflation cycle to come (part 9)
Errol replied to spunko's topic in Property Prices & Economy
Unlikely. They are in the queue to get their snouts in the trough. -
Credit deflation and the reflation cycle to come (part 9)
GTM replied to spunko's topic in Property Prices & Economy
Not one journalist dared ask why his missus voluntarily decided to pay millions more in tax than she otherwise could have done, to allow him to keep his £160K job. -
Credit deflation and the reflation cycle to come (part 9)
Long time lurking replied to spunko's topic in Property Prices & Economy
It will never happen as they will do exactly the same ,it`s seen as "perks of the job" that`s why it`s never challenged by the opposition party, to do so would scupper their own possibilities before they even get there -
Credit deflation and the reflation cycle to come (part 9)
ashestoashes replied to spunko's topic in Property Prices & Economy
next the civil service -
Credit deflation and the reflation cycle to come (part 9)
sancho panza replied to spunko's topic in Property Prices & Economy
Indeed.I was looking at our PM holdings with your psot from yesterday in mind ref govts running neg real rates for sometime and jsut thanking f*** for this thread.My job is to feed my kids and look after my ma in the main,help some others if I can but dodging the looming social unrest here is a major aim. I often walk by businesses with JUnior Panza when we're doing footfall research and wonder how many would be viable with the NMW changes looming.Statista chart below but they're ramping NMW way ahead of inflation at the same time as many small businesses are facing rising costs in terms of food and fuel.This will decimate the bars/restaurants inudstry where the businesses will be ahrd pushed to pass on these cost rises. In 2004 NMW was £4.85,adjsuted for inflation today that'd be £8.42.Now I know inflation figures are unrelaible but the point remains.Add on employer NI and businesses have gone from circa £5.50 in 2004 to circa £13 today.ASa s andwich abr it was's possible to find £11 an hour for two satff in 2004,I think many will struggle here. the otehr flip side is that as you raise NMW,people like ambulance staff who arent far off min weage start thinking screw this,I'll get a job at aldi.coppers too.away from the met,young coppers starting out now are on bugger all for the abuse they take. the govt are steering more and more people towards life on bennies jsut as the printing machine runs out of ink. labour will be a disaster compared to zanu tory.and zanu tory were a complete sh1tshow imho. -
Credit deflation and the reflation cycle to come (part 9)
Joncrete Cungle replied to spunko's topic in Property Prices & Economy
They are more likely to let it carry on. Provided a few Labour polos or their family members get a cushty non exec position at Infosys once done with politics.