Are You Furious?
If you are like me, you must be fuming with anger at the idiots in senior positions within not only the financial industry, but also the government. This week, the stock markets have taken a battering, the price per barrel of oil is still going up, massive job losses becoming the norm and the BOE is piloting the plane using, it seems, just the inflation gauge.
I recognise that we are in a strange situation at the moment because inflation is above acceptable government levels. Of course, the usual policy is to raise interest rates to kerb it. You do not need to be very bright to see that such an increase will spark a catastrophic recession. The BOE not reducing rate is not going to stimulate recovery from where we are, at the edge of the abyss.
I am an investor in properties and equities. So, as far as I am concerned, rising interest rates is BAD. For me, higher inflation coupled with full employment and high public confidence is GREAT. So, bring on higher inflation.
Inflation devalues debt. I have a substantial portfolio of residential properties financed with around £2.0m of debt. If inflation hits around 6% which some experts are predicting then I am going to be better off for having this debt.
Actually, we are now being told that the worst is still to come because higher unemployment and higher interest rates are inevitable. This is rich coming from these greedy financiers who created the subprime time-bomb that exploded in the US last year. Well, this subprime crisis was allowed to spiral out of control by weak leaders on both side of the Atlantic.
These leaders who could not organise a party in the proverbial brewery are now responsible for the collapse in public confidence in just about everything. You have to laugh.
Now, more than ever you need two resources that will help you take control and survive this difficult time:
"Our attitude can be the anchor of the soul, the stimulus to action, and the incentive to achievement."
Anonymous
I recognise that we are in a strange situation at the moment because inflation is above acceptable government levels. Of course, the usual policy is to raise interest rates to kerb it. You do not need to be very bright to see that such an increase will spark a catastrophic recession. The BOE not reducing rate is not going to stimulate recovery from where we are, at the edge of the abyss.
I am an investor in properties and equities. So, as far as I am concerned, rising interest rates is BAD. For me, higher inflation coupled with full employment and high public confidence is GREAT. So, bring on higher inflation.
Inflation devalues debt. I have a substantial portfolio of residential properties financed with around £2.0m of debt. If inflation hits around 6% which some experts are predicting then I am going to be better off for having this debt.
Actually, we are now being told that the worst is still to come because higher unemployment and higher interest rates are inevitable. This is rich coming from these greedy financiers who created the subprime time-bomb that exploded in the US last year. Well, this subprime crisis was allowed to spiral out of control by weak leaders on both side of the Atlantic.
These leaders who could not organise a party in the proverbial brewery are now responsible for the collapse in public confidence in just about everything. You have to laugh.
Now, more than ever you need two resources that will help you take control and survive this difficult time:
"Our attitude can be the anchor of the soul, the stimulus to action, and the incentive to achievement."
Anonymous
posted by vipinfoweb at
11:27 am
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