comment by The Mighty Tottenham Hotspur. (U7858)
posted 3 hours, 37 minutes ago
comment by sandy, golden boot winner fa cup 1901 (U20567)
posted 1 minute ago
comment by The Mighty Tottenham Hotspur. (U7858)
posted 1 hour ago
comment by sandy, golden boot winner fa cup 1901 (U20567)
posted 4 hours, 39 minutes ago
comment by Harambe (U22339)
posted 13 minutes ago
Sandy… do you know how inflation works?
----------------------------------------------------------------------
Yes mate, inflation goes down, and prices still stay high.
As I said it is just bollox to the average person. It's just another nonsense load if capitalism jargon.
----------------------------------------------------------------------
Christ almighty Sandy I know you're knocking on bit but ffs......
Just cos the rate of inflation is falling it doesn't follow on that prices are falling
It just means that the rate at which prices are rising is slowing down
Economics 101
----------------------------------------------------------------------
I did not say it was did I. But we are told that prices are high because inflation is high. So it stands to reason if inflation comes down. WTF don't prices come back down. They never do.
----------------------------------------------------------------------
As I said as the rate of inflation comes down the rate at which price rises slows down. Until you get deflation prices will never come down.
----------------------------------------------------------------------
Not entirely true IMO. If the cost of production of any item goes up, the price goes up very fast. The price goes up while items which had been stocked on the previous lower prices are still on the shelf.
It should therefore follow that if cost of production goes down the price should go down as fast as when it goes up, but it never does. We also get excuses like the price will go down after items stocked on previous higher prices have run out.
There is no way to enforce that and pass on the benefit to consumers because any attempts to do so are labelled as market control and communism/socialism etc.
I'm no socialist or communist but capitalism is also rotten to the core when rationally observed without antisocialist/anticommunist perspective or bias.
comment by K7-0ptimus Primal (U1282)
posted 26 minutes ago
comment by peks - 1974 (U6618)
posted 3 hours, 33 minutes ago
comment by sandy, golden boot winner fa cup 1901 (U20567)
posted 2 minutes ago
comment by The Mighty Tottenham Hotspur. (U7858)
posted 1 hour ago
comment by sandy, golden boot winner fa cup 1901 (U20567)
posted 4 hours, 39 minutes ago
comment by Harambe (U22339)
posted 13 minutes ago
Sandy… do you know how inflation works?
----------------------------------------------------------------------
Yes mate, inflation goes down, and prices still stay high.
As I said it is just bollox to the average person. It's just another nonsense load if capitalism jargon.
----------------------------------------------------------------------
Christ almighty Sandy I know you're knocking on bit but ffs......
Just cos the rate of inflation is falling it doesn't follow on that prices are falling
It just means that the rate at which prices are rising is slowing down
Economics 101
----------------------------------------------------------------------
I did not say it was did I. But we are told that prices are high because inflation is high. So it stands to reason if inflation comes down. WTF don't prices come back down. They never do.
----------------------------------------------------------------------
neoliberal capitalism is all about exploiting the plebs Sandster
loses are socialised
profits are privatised
----------------------------------------------------------------------
Maybe Tories and right wingers across the world need to stop making the rich richer and the poor poorer.
But they won't because they've got the backing of plebs like you and unfortunately, plebs outnumber normal humans by a ratio of about 3:1
----------------------------------------------------------------------
i've never voted for the Tories in my life !
economically I'm a Corbynista
Bottom line is Capitalism is just as big a failure as Communism. Maybe even greater as it is shoved down our throats 24/7.
comment by sandy, golden boot winner fa cup 1901 (U20567)
posted 17 minutes ago
Bottom line is Capitalism is just as big a failure as Communism. Maybe even greater as it is shoved down our throats 24/7.
----------------------------------------------------------------------
agreed
comment by Brother (U20548)
posted 13 hours, 41 minutes ago
The sheer idiocy of this article is staggering to the point where I think Sandy wrote it just to get a reaction. If this is a genuine article Sandy, find a dictionary or google 'What does inflation mean?'
----------------------------------------------------------------------
LOL another that thinks inflation has a meaning to the average person it doesn't. Whether it is zero or 20 per cent makes absolutely no difference to most people as good and services still go up and never come down whatever the inflation rate.
Those that get sucked in by financial market jargon, are part of the problem.
ZERO inflation and we will all still be poorer.
comment by K7-0ptimus Primal (U1282)
posted 11 hours, 43 minutes ago
comment by peks - 1974 (U6618)
posted 3 hours, 33 minutes ago
comment by sandy, golden boot winner fa cup 1901 (U20567)
posted 2 minutes ago
comment by The Mighty Tottenham Hotspur. (U7858)
posted 1 hour ago
comment by sandy, golden boot winner fa cup 1901 (U20567)
posted 4 hours, 39 minutes ago
comment by Harambe (U22339)
posted 13 minutes ago
Sandy… do you know how inflation works?
----------------------------------------------------------------------
Yes mate, inflation goes down, and prices still stay high.
As I said it is just bollox to the average person. It's just another nonsense load if capitalism jargon.
----------------------------------------------------------------------
Christ almighty Sandy I know you're knocking on bit but ffs......
Just cos the rate of inflation is falling it doesn't follow on that prices are falling
It just means that the rate at which prices are rising is slowing down
Economics 101
----------------------------------------------------------------------
I did not say it was did I. But we are told that prices are high because inflation is high. So it stands to reason if inflation comes down. WTF don't prices come back down. They never do.
----------------------------------------------------------------------
neoliberal capitalism is all about exploiting the plebs Sandster
loses are socialised
profits are privatised
----------------------------------------------------------------------
Maybe Tories and right wingers across the world need to stop making the rich richer and the poor poorer.
But they won't because they've got the backing of plebs like you and unfortunately, plebs outnumber normal humans by a ratio of about 3:1
----------------------------------------------------------------------
Sign in if you want to comment
Inflation, recessession do they really
Page 2 of 2
posted on 26/5/23
comment by The Mighty Tottenham Hotspur. (U7858)
posted 3 hours, 37 minutes ago
comment by sandy, golden boot winner fa cup 1901 (U20567)
posted 1 minute ago
comment by The Mighty Tottenham Hotspur. (U7858)
posted 1 hour ago
comment by sandy, golden boot winner fa cup 1901 (U20567)
posted 4 hours, 39 minutes ago
comment by Harambe (U22339)
posted 13 minutes ago
Sandy… do you know how inflation works?
----------------------------------------------------------------------
Yes mate, inflation goes down, and prices still stay high.
As I said it is just bollox to the average person. It's just another nonsense load if capitalism jargon.
----------------------------------------------------------------------
Christ almighty Sandy I know you're knocking on bit but ffs......
Just cos the rate of inflation is falling it doesn't follow on that prices are falling
It just means that the rate at which prices are rising is slowing down
Economics 101
----------------------------------------------------------------------
I did not say it was did I. But we are told that prices are high because inflation is high. So it stands to reason if inflation comes down. WTF don't prices come back down. They never do.
----------------------------------------------------------------------
As I said as the rate of inflation comes down the rate at which price rises slows down. Until you get deflation prices will never come down.
----------------------------------------------------------------------
Not entirely true IMO. If the cost of production of any item goes up, the price goes up very fast. The price goes up while items which had been stocked on the previous lower prices are still on the shelf.
It should therefore follow that if cost of production goes down the price should go down as fast as when it goes up, but it never does. We also get excuses like the price will go down after items stocked on previous higher prices have run out.
There is no way to enforce that and pass on the benefit to consumers because any attempts to do so are labelled as market control and communism/socialism etc.
I'm no socialist or communist but capitalism is also rotten to the core when rationally observed without antisocialist/anticommunist perspective or bias.
posted on 26/5/23
comment by K7-0ptimus Primal (U1282)
posted 26 minutes ago
comment by peks - 1974 (U6618)
posted 3 hours, 33 minutes ago
comment by sandy, golden boot winner fa cup 1901 (U20567)
posted 2 minutes ago
comment by The Mighty Tottenham Hotspur. (U7858)
posted 1 hour ago
comment by sandy, golden boot winner fa cup 1901 (U20567)
posted 4 hours, 39 minutes ago
comment by Harambe (U22339)
posted 13 minutes ago
Sandy… do you know how inflation works?
----------------------------------------------------------------------
Yes mate, inflation goes down, and prices still stay high.
As I said it is just bollox to the average person. It's just another nonsense load if capitalism jargon.
----------------------------------------------------------------------
Christ almighty Sandy I know you're knocking on bit but ffs......
Just cos the rate of inflation is falling it doesn't follow on that prices are falling
It just means that the rate at which prices are rising is slowing down
Economics 101
----------------------------------------------------------------------
I did not say it was did I. But we are told that prices are high because inflation is high. So it stands to reason if inflation comes down. WTF don't prices come back down. They never do.
----------------------------------------------------------------------
neoliberal capitalism is all about exploiting the plebs Sandster
loses are socialised
profits are privatised
----------------------------------------------------------------------
Maybe Tories and right wingers across the world need to stop making the rich richer and the poor poorer.
But they won't because they've got the backing of plebs like you and unfortunately, plebs outnumber normal humans by a ratio of about 3:1
----------------------------------------------------------------------
i've never voted for the Tories in my life !
posted on 26/5/23
economically I'm a Corbynista
posted on 26/5/23
Bottom line is Capitalism is just as big a failure as Communism. Maybe even greater as it is shoved down our throats 24/7.
posted on 26/5/23
comment by sandy, golden boot winner fa cup 1901 (U20567)
posted 17 minutes ago
Bottom line is Capitalism is just as big a failure as Communism. Maybe even greater as it is shoved down our throats 24/7.
----------------------------------------------------------------------
agreed
posted on 27/5/23
comment by Brother (U20548)
posted 13 hours, 41 minutes ago
The sheer idiocy of this article is staggering to the point where I think Sandy wrote it just to get a reaction. If this is a genuine article Sandy, find a dictionary or google 'What does inflation mean?'
----------------------------------------------------------------------
LOL another that thinks inflation has a meaning to the average person it doesn't. Whether it is zero or 20 per cent makes absolutely no difference to most people as good and services still go up and never come down whatever the inflation rate.
Those that get sucked in by financial market jargon, are part of the problem.
ZERO inflation and we will all still be poorer.
posted on 27/5/23
comment by K7-0ptimus Primal (U1282)
posted 11 hours, 43 minutes ago
comment by peks - 1974 (U6618)
posted 3 hours, 33 minutes ago
comment by sandy, golden boot winner fa cup 1901 (U20567)
posted 2 minutes ago
comment by The Mighty Tottenham Hotspur. (U7858)
posted 1 hour ago
comment by sandy, golden boot winner fa cup 1901 (U20567)
posted 4 hours, 39 minutes ago
comment by Harambe (U22339)
posted 13 minutes ago
Sandy… do you know how inflation works?
----------------------------------------------------------------------
Yes mate, inflation goes down, and prices still stay high.
As I said it is just bollox to the average person. It's just another nonsense load if capitalism jargon.
----------------------------------------------------------------------
Christ almighty Sandy I know you're knocking on bit but ffs......
Just cos the rate of inflation is falling it doesn't follow on that prices are falling
It just means that the rate at which prices are rising is slowing down
Economics 101
----------------------------------------------------------------------
I did not say it was did I. But we are told that prices are high because inflation is high. So it stands to reason if inflation comes down. WTF don't prices come back down. They never do.
----------------------------------------------------------------------
neoliberal capitalism is all about exploiting the plebs Sandster
loses are socialised
profits are privatised
----------------------------------------------------------------------
Maybe Tories and right wingers across the world need to stop making the rich richer and the poor poorer.
But they won't because they've got the backing of plebs like you and unfortunately, plebs outnumber normal humans by a ratio of about 3:1
----------------------------------------------------------------------
Page 2 of 2