Author Topic: Cost Of Living  (Read 26126 times)

quit yo jibbajabba

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Re: Cost Of Living
« Reply #300 on: September 17, 2022, 10:19:01 PM »
I'll keep an eye out for you MR2, think I've seen your short arsed photo on Strava  :)

If ye see a wee bald belfasty walking around arguin way anyone about anythin thatll be him. Tho that describes most belfasties tbf 😉😂

Jim Bob

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Re: Cost Of Living
« Reply #301 on: September 17, 2022, 10:38:35 PM »
I'll keep an eye out for you MR2, think I've seen your short arsed photo on Strava  :)

If ye see a wee bald belfasty walking around arguin way anyone about anythin thatll be him. Tho that describes most belfasties tbf 😉😂

And they’re mostly called Fra

ONeill

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Re: Cost Of Living
« Reply #302 on: September 17, 2022, 10:51:12 PM »
Hadn't been keeping an eye on the cost of coal since last winter. Got some gunk today when I bought a bag.

Bound to be lignite in East Tyrone.
I wanna have my kicks before the whole shithouse goes up in flames.

Tony Baloney

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Re: Cost Of Living
« Reply #303 on: September 17, 2022, 11:38:32 PM »
Hadn't been keeping an eye on the cost of coal since last winter. Got some gunk today when I bought a bag.

Bound to be lignite in East Tyrone.
Brackaville may pull the finger out.

Wildweasel74

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Re: Cost Of Living
« Reply #304 on: September 18, 2022, 03:15:23 AM »
I was getting 3 bags of 20kg doubles for £19 In March, same now, £42 and that's the cheapest.


seafoid

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Re: Cost Of Living
« Reply #306 on: September 18, 2022, 07:39:37 AM »
https://www.rte.ie/news/europe/2022/0909/1321473-eu-energy-meeting/He also said that high energy prices are likely to be a factor for approximately two years.

"Europe is looking at other energy sources so that we don’t become reliant on that Russian gas," Mr Ryan said.

"All the market analysis is that this is likely to be a difficult period for about two years.

Lookit

seafoid

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Jim Bob

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Re: Cost Of Living
« Reply #308 on: September 18, 2022, 08:54:24 AM »
What’s the price of diesel/unleaded in the south now compared to the 6 counties.
I remember about 20 years ago heading to emyvale with my jerrycans to fill up as there was a saving ti be made.

Tony Baloney

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Re: Cost Of Living
« Reply #309 on: September 18, 2022, 10:28:14 AM »
What’s the price of diesel/unleaded in the south now compared to the 6 counties.
I remember about 20 years ago heading to emyvale with my jerrycans to fill up as there was a saving ti be made.
Diesel/Unleaded is 164.9/149.9 (£) at Mackle's. Having said that I wouldn't buy their stuff.

seafoid

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Re: Cost Of Living
« Reply #310 on: September 18, 2022, 01:34:31 PM »
Things are going to get a lot worse before they get worse.
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Kidder81

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Re: Cost Of Living
« Reply #311 on: September 22, 2022, 12:09:05 PM »
Interest rates up to 2.25%

LC

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Re: Cost Of Living
« Reply #312 on: September 22, 2022, 03:00:14 PM »
Pity anyone who bought their first home in the past 2 - 3 years with an LTV of +90%, they are in for a big shock when their current mortgage deal ends.

johnnycool

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Re: Cost Of Living
« Reply #313 on: September 22, 2022, 03:15:28 PM »
Interest rates up to 2.25%

Struggling to understand how upping the interest rates will bring down inflation which is currently being driven by lack of supply and corporate greed rather than too much demand.


Smokin Joe

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Re: Cost Of Living
« Reply #314 on: September 22, 2022, 03:29:10 PM »
Interest rates up to 2.25%

Struggling to understand how upping the interest rates will bring down inflation which is currently being driven by lack of supply and corporate greed rather than too much demand.

Interest rate increases increase the amount paid on borrowings.  For companies this means that they might not go through with new borrowings, thus reducing growth prospects or reduces their profits as they pay more on debt repayments.  Ultimately this will lead to job losses which results in less money being spent on the high street and shops.
And people who do have jobs are paying more on their mortgages so that's another driver for reducing spent.

So it is pretty nasty (in human terms) but ultimately it's the lever that the central banks use to create "demand destruction", with the result that prices fall and inflation gets back "under control".

Of course, had they printed less money over the last 10 days they could have avoided this seemingly being the only solution open to the Powers That Be.