| Chancellor Lucan...a question. 10:54 - Mar 16 with 2901 views | BanksterDebtSlave |
Any news from the inflation front line?
The local farm shop just told me a net of onions is now costing them £30 rather than £12 in 4 weeks!! Sacks of potatoes up 50%.....
Any thoughts? |  |
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| Chancellor Lucan...a question. on 14:47 - Mar 22 with 411 views | chicoazul |
| Chancellor Lucan...a question. on 13:29 - Mar 22 by BanksterDebtSlave |
Shock rise in inflation....who would have thunk it!! Surprise increase in food inflation supposedly.
Chalk one up go the not experts! |
Don’t forget about the recession we are definitely going to have that hasn’t happened. The dismal science indeed. |  |
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| Chancellor Lucan...a question. on 15:12 - Mar 22 with 339 views | HARRY10 |
| Chancellor Lucan...a question. on 14:47 - Mar 22 by chicoazul |
Don’t forget about the recession we are definitely going to have that hasn’t happened. The dismal science indeed. |
You never fail to make a fool of yourself
The talk of recession was by various government bodies, based on information at that time.
Much as they now predict that a recession will not happen, given the information at this time
Might this latest projection be subject to those same conditions ?
Rather like the projection that inflation would fall, whereas it has risen. |  | | |
| Chancellor Lucan...a question. on 15:24 - Mar 22 with 341 views | chicoazul |
| Chancellor Lucan...a question. on 15:12 - Mar 22 by HARRY10 |
You never fail to make a fool of yourself
The talk of recession was by various government bodies, based on information at that time.
Much as they now predict that a recession will not happen, given the information at this time
Might this latest projection be subject to those same conditions ?
Rather like the projection that inflation would fall, whereas it has risen. |
So you mean they were…..wrong.
Why do you always jump to defend the Government? Stupid rightie. | |
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| Chancellor Lucan...a question. on 15:28 - Mar 22 with 333 views | giant_stow |
| Chancellor Lucan...a question. on 15:12 - Mar 22 by HARRY10 |
You never fail to make a fool of yourself
The talk of recession was by various government bodies, based on information at that time.
Much as they now predict that a recession will not happen, given the information at this time
Might this latest projection be subject to those same conditions ?
Rather like the projection that inflation would fall, whereas it has risen. |
I took Chico's point to be that less value (to put it politely) should be placed on any/all economist predictions, as they're basically guessing. [Post edited 22 Mar 2023 15:29]
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| Chancellor Lucan...a question. on 15:54 - Mar 22 with 311 views | HARRY10 |
| Chancellor Lucan...a question. on 15:24 - Mar 22 by chicoazul |
So you mean they were…..wrong.
Why do you always jump to defend the Government? Stupid rightie. |
Your desperate attempts to defend your betters isn always good for a laugh.
Your guff about a recession rather overlooks the fact that it is based on a projection ie there could still be a recession as the analysis is made after the event.
A projection that something might happen but didn't, is not that much different to a projection that something might happen but is yet to be proven right or wrong. | | | |
| Chancellor Lucan...a question. on 15:55 - Mar 22 with 313 views | SuperKieranMcKenna |
| Chancellor Lucan...a question. on 15:28 - Mar 22 by giant_stow |
I took Chico's point to be that less value (to put it politely) should be placed on any/all economist predictions, as they're basically guessing. [Post edited 22 Mar 2023 15:29]
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You could say that about many disciplines though. Economists are like Drs in that they never get credit for things they get right, but when things go wrong….
Many of their (economists) predictions for the impact of Brexit all came to pass. And indeed plenty of posters on here linked economic predictions when laying into Brexiteers pre and post referendum. | | | |
| Chancellor Lucan...a question. on 15:57 - Mar 22 with 311 views | Lord_Lucan |
| Chancellor Lucan...a question. on 15:28 - Mar 22 by giant_stow |
I took Chico's point to be that less value (to put it politely) should be placed on any/all economist predictions, as they're basically guessing. [Post edited 22 Mar 2023 15:29]
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Of course predictions are just guesses - and in anycase, you can pull the wool over peoples eyes anyway.
So for example, even if you go by official figures - the headline is that inflation is at 10.4%, however, this is an average on different types of goods. Food inflation figures are actually 18.2% |  |
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| Chancellor Lucan...a question. on 15:58 - Mar 22 with 310 views | chicoazul |
| Chancellor Lucan...a question. on 15:54 - Mar 22 by HARRY10 |
Your desperate attempts to defend your betters isn always good for a laugh.
Your guff about a recession rather overlooks the fact that it is based on a projection ie there could still be a recession as the analysis is made after the event.
A projection that something might happen but didn't, is not that much different to a projection that something might happen but is yet to be proven right or wrong. |
There you go again desperately defending your betters like Hunt and Sunak, tugging your forelock to them. Thems know better than us! | |
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| Chancellor Lucan...a question. on 16:06 - Mar 22 with 293 views | HARRY10 |
| Chancellor Lucan...a question. on 15:58 - Mar 22 by chicoazul |
There you go again desperately defending your betters like Hunt and Sunak, tugging your forelock to them. Thems know better than us! |
I would stop digging if I were you. Johnson is duty 'rightie idiot' today
enjoy your day off | | | |
| Chancellor Lucan...a question. on 16:17 - Mar 22 with 275 views | HARRY10 |
| Chancellor Lucan...a question. on 15:28 - Mar 22 by giant_stow |
I took Chico's point to be that less value (to put it politely) should be placed on any/all economist predictions, as they're basically guessing. [Post edited 22 Mar 2023 15:29]
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eh ?
Chickie's bleat is quite the opposite, whereby anything that suggests that his betters haven't farked up is to be squeaked about
Which has him crowing about a projection that as off target, by telling us about a projection that has yet to be proven, right or wrong.
It is the selective nature of his bleat that is being mocked.
My point about inflation is that any projection is subject to numerous variables, as with all other projections.
If Sunak says the government is going to reduce inflation then finds it hasn't, the above holds true
However, It is only of relevance when numpties Sunak makes a claim about his government reducing inflation, the day it is announced it has gone up. | | | |
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