birdseye
Standard Member
I am uneasy. The financial press hitherto have been full or pundits saying that the burts of inflation is only temporary, but what I am seeing is like no other high inflation period I have previously experienced. Wages for some jobs doubling. Prices for second hand luxury goods often way more than new prices. Supply of the toys which make life worthwhile very limited or non existant. Quotations from tradesmen at very high levels.
Lets get one thing straight - the cost of living index should be renamed "cost of existance" since it covers overwhelmingly things you have to have rather than things you want and which make life worth living. So it grossly understates the money that we are actually laying out. Currently the RPI is 4% or a bit above but my guess at real life inflation is nearer 15%.
We seem to be in a situation where the economy is awash with cash, workers hearing of large pay rises want their share and the governmentas shown with covid delays is not inclined to do anything until the horse has left the stable. Meantime they are throwing off cash like my dog throws off water after swimming. I reckon we are in a bubble economy right now. When will the bubble burst?
So where to move the money ? Where to invest to avoid a sinking UK? China has serious real estate issues. The US is much the same as the UK though it does have hi tec industries unlike the UK. The EU is not really going anywhere neither up nor down. Switzerland maybe?
Interesting article at UK economic outlook: the future isn’t what it used to be -
Lets get one thing straight - the cost of living index should be renamed "cost of existance" since it covers overwhelmingly things you have to have rather than things you want and which make life worth living. So it grossly understates the money that we are actually laying out. Currently the RPI is 4% or a bit above but my guess at real life inflation is nearer 15%.
We seem to be in a situation where the economy is awash with cash, workers hearing of large pay rises want their share and the governmentas shown with covid delays is not inclined to do anything until the horse has left the stable. Meantime they are throwing off cash like my dog throws off water after swimming. I reckon we are in a bubble economy right now. When will the bubble burst?
So where to move the money ? Where to invest to avoid a sinking UK? China has serious real estate issues. The US is much the same as the UK though it does have hi tec industries unlike the UK. The EU is not really going anywhere neither up nor down. Switzerland maybe?
Interesting article at UK economic outlook: the future isn’t what it used to be -
Last edited: