Credit deflation and the reflation cycle to come (part 8)

[feed]

7 minutes ago, King Penda said:

I’ve been doing my normal piss taking on forums dedicated to starving people .i proudly showed them this weeks food bill and announced my shoping was cut to the bone and I can’t see where I could cut back any more.I’m like it’s just over 7 quid a day so can’t moan . They are claiming my food bill is realy around £3.60 a day 

I see what they're getting at.  You've got broccoli twice. 

[King Penda]

Just now, feed said:

I see what they're getting at.  You've got broccoli twice. 

Well the individual brocoli is for Sunday dinner the other is for the slow cooker I’m going to make a stew .  That’s at least 10 meals (decent ones). Will use some of the stew has gravy for my Sunday dinner on top of spuds .these people have no sense of humour 

[headrow]

14 minutes ago, King Penda said:

I’ve been doing my normal piss taking on forums dedicated to starving people .i proudly showed them this weeks food bill and announced my shoping was cut to the bone and I can’t see where I could cut back any more.I’m like it’s just over 7 quid a day so can’t moan . They are claiming my food bill is realy around £3.60 a day 

I imagine that lager at £3.49 for 4 440ml cans is piss weak?

 

I don't have an Aldi near me but they are currently building one on the primest agricultural land in the country just on the outskirts of  town.

Edited February 7 by headrow

[King Penda]

Just now, headrow said:

I imagine that lager at £3.49 for 4 440ml cans is piss weak?

 

I don't have an Aldi near me but they are currently build one on the primest agricultural land in the country just on the outskirts of  town.

5% I think

[Bobthebuilder]

12 minutes ago, headrow said:

I don't have an Aldi near me but they are currently building one on the primest agricultural land in the country just on the outskirts of  town.

I know a prime spot on the Dorset Cranbourne chase that is rumored to be a future Aldi main distribution center, try getting planning permission for a house around there, it would never happen.

[Red Debt Redemption]

5 hours ago, Libspero said:

Thanks.

This bit worries me personally.   How much of my pension/investments are they planning to help themselves to..  

 

Slightly more than Putin.

[Pip321]

53 minutes ago, headrow said:

Dec 2021 was the previous top. Vodafone has halved in price since

When the sell off inevitably comes VOD will be floundering like an African on a Kent beach

Funny you mention that but I was thinking exactly the same thing. 

There are several shares coming in for more ladders eg Glencore, BT, Vod etc but when I see these huge rises elsewhere I thought when the inevitable adjustment comes then initially everything gets smashed whether reasonable or not….thats just sentiment. Admittedly these value shares may not drop as much as the rest of the market…..but if it shaves more off then it’s a nice bonus for buying.

I may hold off a tad on some of my ladders….or at least be even more bearish and price them down despite the fact i think there are some good prices out there. 

[Loki]

It's a shame Stewart is gone.  I found some significant deflation

 

https://www.aliexpress.com/item/1005005981362659.html

 

[Heart's Ease]

Of all of Tom's guests on Palisades I think I'd want Quoth the Raven to be the one for the road trip.  Another great listen and is anyone else picking up how much more confident a podcaster TB is becoming?

Lots to like but very tldl he's all for: gold, silver, miners, real estate, emerging markets and bitcoin. 

Interesting re bitcoin after the 40 minutes mark - he was not a fan, now he's buying (partly because he's looking at Lyn and Luke G and reasoning that they are ten times smarter than him and they are buying, partly because he doesn't want to be on the wrong side of the trade).

Lots of his thoughts on the State western countries are in: he's well on with his personal plan to protect himself so he can watch on the sidelines.

https://fountain.fm/episode/acrEUzzmcN5LzHXeF80k

[DurhamBorn]

You can argue the numbers,but this article shows just what we have been banging on about.The amount needed is up a third in a year for a couple for a moderate lifestlye,£9k.Now 2 x state pensions would £2k of the uplift so £7k short.So roughly an extra £140k of pensions savings.Two retired public sector would get £6k between them uplift,so if we take that instead of the £9k the two private sector workers need to save around £110k extra to make up for the public sector uplift.Most people will be lucky to get £150k out of their private pension for a lifetimes working,£200k tops.So a lifetime of working in the private sector is worth 3 years retired copper/public sector uplift.Not their pension,just 3 years of their uplift.I suspect we are looking at the chasm being 9 to 15 times better.You could maybe argue for 1.3x better,or even 1.5 due to less flexibility,but 9 to 15 times?.This is the massive injustice alongside bennies driving us over the cliff.The problem is all those who make the rules benefit from the above.

Likely they will push back the pension age for everyone so they can avoid paying these huge pensions for longer,as they are now linked to SPA when massive reform is whats needed.

https://www.thisismoney.co.uk/money/pensions/article-13052105/Income-retirement-pension-pot-cost-living-budgets.html?ico=mol_desktop_money-newtab&molReferrerUrl=https%3A%2F%2Fwww.dailymail.co.uk%2Fmoney%2Findex.html&_ga=2.56802154.1993920492.1707329395-1615266732.1707166922&_gl=1*l5whhz*_ga*MTYxNTI2NjczMi4xNzA3MTY2OTIy*_ga_XE0XLFFF16*MTcwNzMyOTM5NS4xLjEuMTcwNzMyOTU3MC4wLjAuMA..

[Alifelessbinary]

I put a ladder into Vodaphone and this is how it repays me!

Let’s hope they do a Centrica soon, as the market really hates them at the moment. I assume they are just preparing for the inevitable divi cut.

Everything else is flying though, so can’t grumble.

 

 

[DurhamBorn]

26 minutes ago, Pip321 said:

Funny you mention that but I was thinking exactly the same thing. 

There are several shares coming in for more ladders eg Glencore, BT, Vod etc but when I see these huge rises elsewhere I thought when the inevitable adjustment comes then initially everything gets smashed whether reasonable or not….thats just sentiment. Admittedly these value shares may not drop as much as the rest of the market…..but if it shaves more off then it’s a nice bonus for buying.

I may hold off a tad on some of my ladders….or at least be even more bearish and price them down despite the fact i think there are some good prices out there. 

You get the feeling nobody wants UK based assets because we are a basket case.Just watching the net zero rubbish come apart just another example.You would think Labour would love to come in and have a huge industrial build,but Starmer was only bothered about trannies today at PMs questions.They are so detached its incredible.

[Democorruptcy]

1 hour ago, King Penda said:

I’ve been doing my normal piss taking on forums dedicated to starving people .i proudly showed them this weeks food bill and announced my shoping was cut to the bone and I can’t see where I could cut back any more.I’m like it’s just over 7 quid a day so can’t moan . They are claiming my food bill is realy around £3.60 a day 

Lager is 27.92 so over 50% of your "food" bill?

[King Penda]

1 minute ago, Democorruptcy said:

Lager is 27.92 so over 50% of your "food" bill?

Could I put it down has entertainment or other ?

[Red Debt Redemption]

23 minutes ago, DurhamBorn said:

You can argue the numbers,but this article shows just what we have been banging on about.The amount needed is up a third in a year for a couple for a moderate lifestlye,£9k.Now 2 x state pensions would £2k of the uplift so £7k short.So roughly an extra £140k of pensions savings.Two retired public sector would get £6k between them uplift,so if we take that instead of the £9k the two private sector workers need to save around £110k extra to make up for the public sector uplift.Most people will be lucky to get £150k out of their private pension for a lifetimes working,£200k tops.So a lifetime of working in the private sector is worth 3 years retired copper/public sector uplift.Not their pension,just 3 years of their uplift.I suspect we are looking at the chasm being 9 to 15 times better.You could maybe argue for 1.3x better,or even 1.5 due to less flexibility,but 9 to 15 times?.This is the massive injustice alongside bennies driving us over the cliff.The problem is all those who make the rules benefit from the above.

Likely they will push back the pension age for everyone so they can avoid paying these huge pensions for longer,as they are now linked to SPA when massive reform is whats needed.

https://www.thisismoney.co.uk/money/pensions/article-13052105/Income-retirement-pension-pot-cost-living-budgets.html?ico=mol_desktop_money-newtab&molReferrerUrl=https%3A%2F%2Fwww.dailymail.co.uk%2Fmoney%2Findex.html&_ga=2.56802154.1993920492.1707329395-1615266732.1707166922&_gl=1*l5whhz*_ga*MTYxNTI2NjczMi4xNzA3MTY2OTIy*_ga_XE0XLFFF16*MTcwNzMyOTM5NS4xLjEuMTcwNzMyOTU3MC4wLjAuMA..

Like your predicting the inflation pre 2017 this is like hidden forbidden knowledge. 99.99999% don't even know it coupled with 30-40% destruction from life strategy.

There should be a school subject about you. Actually this thread has probably set me up more than school ever did.

 

[A tremendous # on the lung]

11 minutes ago, Democorruptcy said:

Lager is 27.92 so over 50% of your "food" bill?

What's your point?

[Democorruptcy]

1 hour ago, headrow said:

Dec 2021 was the previous top. Vodafone has halved in price since

 

When the sell off inevitably comes VOD will be floundering like an African on a Kent beach

Was it you who had a price target of 40p? I've been looking at it again today (why do I do it?). The cumulative profit after tax 2019 to 2022 inc was actually a loss on a £175bn turnover! £12bn profit in 2023... I presume that came from selling Vantage Towers $16bn? Net interest and tax seems to be killing them?

 

 

 

 

[Democorruptcy]

18 minutes ago, King Penda said:

Could I put it down has entertainment or other ?

Just pay for the lager on a separate receipt.

[Plan-b]

47 minutes ago, DurhamBorn said:

You can argue the numbers,but this article shows just what we have been banging on about.The amount needed is up a third in a year for a couple for a moderate lifestlye,£9k.Now 2 x state pensions would £2k of the uplift so £7k short.So roughly an extra £140k of pensions savings.Two retired public sector would get £6k between them uplift,so if we take that instead of the £9k the two private sector workers need to save around £110k extra to make up for the public sector uplift.Most people will be lucky to get £150k out of their private pension for a lifetimes working,£200k tops.So a lifetime of working in the private sector is worth 3 years retired copper/public sector uplift.Not their pension,just 3 years of their uplift.I suspect we are looking at the chasm being 9 to 15 times better.You could maybe argue for 1.3x better,or even 1.5 due to less flexibility,but 9 to 15 times?.This is the massive injustice alongside bennies driving us over the cliff.The problem is all those who make the rules benefit from the above.

Likely they will push back the pension age for everyone so they can avoid paying these huge pensions for longer,as they are now linked to SPA when massive reform is whats needed.

https://www.thisismoney.co.uk/money/pensions/article-13052105/Income-retirement-pension-pot-cost-living-budgets.html?ico=mol_desktop_money-newtab&molReferrerUrl=https%3A%2F%2Fwww.dailymail.co.uk%2Fmoney%2Findex.html&_ga=2.56802154.1993920492.1707329395-1615266732.1707166922&_gl=1*l5whhz*_ga*MTYxNTI2NjczMi4xNzA3MTY2OTIy*_ga_XE0XLFFF16*MTcwNzMyOTM5NS4xLjEuMTcwNzMyOTU3MC4wLjAuMA..

From the comments of that report, outlines everything said about the state taking it all..

Kinell.

[Democorruptcy]

16 minutes ago, A tremendous # on the lung said:

What's your point?

Well I thought he was telling them his food bill is cheap, only £7 a day? His bill would be over 50% cheaper if he paid for the lager separately, it ain't food?

[Ash4781b]

57 minutes ago, DurhamBorn said:

You can argue the numbers,but this article shows just what we have been banging on about.The amount needed is up a third in a year for a couple for a moderate lifestlye,£9k.Now 2 x state pensions would £2k of the uplift so £7k short.So roughly an extra £140k of pensions savings.Two retired public sector would get £6k between them uplift,so if we take that instead of the £9k the two private sector workers need to save around £110k extra to make up for the public sector uplift.Most people will be lucky to get £150k out of their private pension for a lifetimes working,£200k tops.So a lifetime of working in the private sector is worth 3 years retired copper/public sector uplift.Not their pension,just 3 years of their uplift.I suspect we are looking at the chasm being 9 to 15 times better.You could maybe argue for 1.3x better,or even 1.5 due to less flexibility,but 9 to 15 times?.This is the massive injustice alongside bennies driving us over the cliff.The problem is all those who make the rules benefit from the above.

Likely they will push back the pension age for everyone so they can avoid paying these huge pensions for longer,as they are now linked to SPA when massive reform is whats needed.

https://www.thisismoney.co.uk/money/pensions/article-13052105/Income-retirement-pension-pot-cost-living-budgets.html?ico=mol_desktop_money-newtab&molReferrerUrl=https%3A%2F%2Fwww.dailymail.co.uk%2Fmoney%2Findex.html&_ga=2.56802154.1993920492.1707329395-1615266732.1707166922&_gl=1*l5whhz*_ga*MTYxNTI2NjczMi4xNzA3MTY2OTIy*_ga_XE0XLFFF16*MTcwNzMyOTM5NS4xLjEuMTcwNzMyOTU3MC4wLjAuMA..

Yeah I saw that and thought are those numbers right.  People are going to have to save a lot more. Then I thought the government spending review is due in 2025. Then I thought they will need to push that state pension age. Then I thought the frozen tax thresholds are locked in. Then I thought how do interest rates come down. They might go up ?

[King Penda]

It’s getting funny I’ve been offered 100 for any decent rival I can steal .my definition of good is not African and can drive (ok some Africans are good but not many).  Now why on earth would I actually recruit potential rivals for shifts for my boss ?  Has vertualy none drive it’s more potential begging for a lift. So fuck that .it’s dog eat dog out there the indigenous vs cheap foreign labour.

[Democorruptcy]

Treasury Select Committee shifting uneasily in their chairs about the upcoming losses from QT:

Quote

 

In our report, we encourage the central bank and the Treasury to explore applying value-for-money tests to the scale and speed at which it undertakes QT. While I completely accept that the BoE’s monetary policy committee must have tackling inflation as their foremost objective, a major central bank actively reselling debt back into the market needs to consider the effects of a potential £130bn loss to the public purse.

We asked the BoE to provide figures on how pursuing active QT at a slower rate might affect those losses: their response indicated that a more gradual approach spreads losses over a longer period of time. What this shows us is that there appears to be some trade-off between the pace of QT and the government’s spending power over the next decade.

https://www.ft.com/content/d65ccaa7-e12b-4d9a-a132-11180d39f891

 

They don't seem to realise that what costs the governbankment taxpayers £130bn, will make £130bn for somebody in the financial sector and why would they want to wait for their profits?

 

 

[feed]

Cut benefits instead of relying on migration to bring down debt, says OBR chief (msn.com)

Even the OBR

 

[Ash4781b]

2 minutes ago, feed said:

Cut benefits instead of relying on migration to bring down debt, says OBR chief (msn.com)

Even the OBR

 

Just one example Geordi Abdul Ezedi aside from the tragedy he’s costing millions £. Have they got him yet?