And we're back!
Started by Tamas, May 25, 2022, 05:15:04 AM
QuoteAround £5.7bn was saved in banks, building societies and NS&I accounts in May, down from a net flow of £6.3bn in April.Consumers also borrowed an additional £800m in consumer credit last month, including £400m more on credit cards.That's below the pre-pandemic level, and also less than economists expected. Consumer credit often rises during good economic times, as people are confident they can borrow more
Quote from: Tamas on July 01, 2022, 10:38:56 AMEurozone inflation up to 8.6%. As I understand the ECB is facing the choice between runaway inflation or ruining Italy and the other usual over-spenders with interest rate hikes.
Quote from: Tamas on July 02, 2022, 02:46:16 AMI don't think the inflation is because of the war. The war made it worse sure but prices were well in the way up before the war.
Quote from: Tamas on July 02, 2022, 03:27:50 AMYeah, the shortages have been obvious in IT as well.I get what you are saying. I think we'll see in the US. Inflation might have peaked there already and they have been rate hiking more vigorously than Europe. Then again, they don't have an umbilical cord to Russian gas so there's that.
Quote from: Tonitrus on July 02, 2022, 01:09:12 PMNormally, I would think all these higher prices for goods/shortages would be sparking increased manufacturing capacity (to take advantage). I know that is usually slow to ramp up, but is it even ramping up at all?In the past, high gas/fuel prices drove the fracking/extraction boom in the US that brought prices down-ish for a while...doesn't seem to be happening at all this time.
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