unbeliever Posted January 31, 2017 Author Share Posted January 31, 2017 If you repeat it often enough, you may even believe it yourself. You will be the only one that does, mind. So you're saying that you're operating under the belief that predictions and facts are the same thing? Link to comment Share on other sites More sharing options...
Jacktari Posted January 31, 2017 Share Posted January 31, 2017 So you're saying that you're operating under the belief that predictions and facts are the same thing? What is truth? Link to comment Share on other sites More sharing options...
unbeliever Posted January 31, 2017 Author Share Posted January 31, 2017 What is truth? Words that correspond to reality. Any other pseudo-philosophical nonsense? Link to comment Share on other sites More sharing options...
Flexo Posted January 31, 2017 Share Posted January 31, 2017 Don't get too excited. The standard lever for controlling inflation is increasing interest rates. The Bank of England has a max target of 2% on interest rates. Above that means the economy is sick. Inflation through the 1970's was 15% average, peaking around 24%. That would be fantastic with my fixed rate mortgage. Link to comment Share on other sites More sharing options...
monkey104 Posted January 31, 2017 Share Posted January 31, 2017 If nothing is going to change, then why bother in the first place? Why don't they just come clean and say they want to be Trumps vassal? it would save a lot of talk and messing about. Maybe trump wants to be the UK,s vassal.! Link to comment Share on other sites More sharing options...
Obelix Posted January 31, 2017 Share Posted January 31, 2017 The Bank of England has a max target of 2% on interest rates. Above that means the economy is sick. Inflation through the 1970's was 15% average, peaking around 24%. That would be fantastic with my fixed rate mortgage. No it doesn't. It has an inflation target of between 1% and 3% ideally 2% achevied by doing what it likes with interest rates Link to comment Share on other sites More sharing options...
El Cid Posted January 31, 2017 Share Posted January 31, 2017 No it doesn't. It has an inflation target of between 1% and 3% ideally 2% achevied by doing what it likes with interest rates If the target is missed by more than 1 percentage point on either side – i.e. if the annual rate of CPI inflation is more than 3% or less than 1% – the Governor of the Bank must write an open letter to the Chancellor explaining the reasons why inflation has increased or fallen to such an extent and what the Bank proposes to do to ensure inflation comes back to the target. Sounds like a very tight target, they didnt seem that bothered when it was 0% Link to comment Share on other sites More sharing options...
unbeliever Posted January 31, 2017 Author Share Posted January 31, 2017 If the target is missed by more than 1 percentage point on either side – i.e. if the annual rate of CPI inflation is more than 3% or less than 1% – the Governor of the Bank must write an open letter to the Chancellor explaining the reasons why inflation has increased or fallen to such an extent and what the Bank proposes to do to ensure inflation comes back to the target. Sounds like a very tight target, they didnt seem that bothered when it was 0% Why do you suppose they weren't bothered? If the oil price crashes because OPEC is playing silly beggars with the shale/sands oil producers and interest rates are already basically zero, the explanation is not a challenge for the governor. Link to comment Share on other sites More sharing options...
I1L2T3 Posted January 31, 2017 Share Posted January 31, 2017 I spend half my time trying to convince the remainders that predictions are not facts and seeking acknowledgement of the things we don't know. There's been talk of rising inflation recently. But UK inflation is around 1.6% and German inflation is around 1.9%. So i would ask the remainders what happened to the scary inflation which was predicted? You spend more time portraying your own predictions as fact, and most of your predictions are based on a deeply flawed view of the world that you also present as fact. You need to take a look at what you are posting. Link to comment Share on other sites More sharing options...
unbeliever Posted January 31, 2017 Author Share Posted January 31, 2017 You spend more time portraying your own predictions as fact, and most of your predictions are based on a deeply flawed view of the world that you also present as fact. You need to take a look at what you are posting. Can you back that up? Link to comment Share on other sites More sharing options...
Recommended Posts