I understand that.

The inflation we are currently seeing is underpinned by rises in global energy prices. This stems from the conflict in the Ukraine. This is a transient issue rather than structural. It would seem to me that the better option would be to very rapidly ramp up military support for Ukraine so that they can put Russia in a position where it seeks an end to the war. I expect the opposite to this tbh - Ukraine to be pushed to concede territory but can't see them giving up readily.

The US rate hike - especially in the context of -0.9% GDP drop looks like a recipe for long term recession + inflation.

My guess is that BOE looking at inflation as transitory and trying to keep growth up and deal with the pain of high energy prices in the sorter term.

What do I know. I'm not an economist.

Posted By: Timmy_Goat on July 28th 2022 at 16:29:00

Message Thread

USA in a recession (General Chat) - Ratbox, Jul 28, 15:14:29
- TBF I don't feel any different. (n/m) (General Chat) - usacanary, Jul 28, 17:51:30
  - It will take a while for it to reach Buttfuck, Iowa. (General Chat) - ChengdeCanary, Jul 28, 19:28:04
- "When it comes crashing down and it hurts inside..." (n/m) (General Chat) - inutero, Jul 28, 16:14:16
- Let’s go Brandon (n/m) (General Chat) - Wrath analytica, Jul 28, 15:54:35
  - Big orange man's fault.... (n/m) (General Chat) - ParrotPuncher, Jul 28, 15:55:47
    - And brexit! (n/m) (General Chat) - Wrath analytica, Jul 28, 16:15:38
      - Global warming (n/m) (General Chat) - ParrotPuncher, Jul 28, 16:52:55
- Didn't the Fed raise rates by 75 basis points a couple of days ago? (n/m) (General Chat) - Timmy_Goat, Jul 28, 15:22:05
  - America is screwed (General Chat) - ParrotPuncher, Jul 28, 17:09:05
    - Is it? (General Chat) - usacanary, Jul 28, 17:52:35
      - Yes it is (General Chat) - ParrotPuncher, Jul 28, 21:23:05
  - Yes to try and get inflation under control (General Chat) - JoeyDeacon, Jul 28, 15:54:19
    - I understand that. (General Chat) - Timmy_Goat, Jul 28, 16:29:00
      - Even the experts don’t know! (General Chat) - JoeyDeacon, Jul 28, 16:33:49
    - The inflation we're seeing now is driven by energy / fuel prices (General Chat) - jamesward, Jul 28, 16:05:05
      - Raising rates is an incredibly blunt tool (General Chat) - JoeyDeacon, Jul 28, 16:13:52
      - yup (General Chat) - CWC, Jul 28, 16:07:53
        
        Wow (General Chat) - ghostof barry butler, Jul 28, 16:27:14
        
        The concern does seem to be about utility prices more than Ukrainians though (General Chat) - MonkeyPuzzle, Jul 28, 16:45:18
        
        He makes a fair point tbh (General Chat) - jamesward, Jul 28, 16:38:26
        
        its still Wow (General Chat) - ghostof barry butler, Jul 28, 16:40:51
        
        want to take your straw men elsewhere? (General Chat) - CWC, Jul 28, 16:56:41
        
        Oh yeah…we forgot the 40” plasma poor (n/m) (General Chat) - MonkeyPuzzle, Jul 28, 17:08:50
        
        those who don't learn from history.. (General Chat) - ghostof barry butler, Jul 28, 17:02:16
        
        He probably doesn’t to be fair GOBB! (General Chat) - MonkeyPuzzle, Jul 28, 17:16:05
        
        The Ukrainians wont give up their country to the invaders (General Chat) - shoddy, Jul 28, 16:10:06
    - *bull* by the horns (n/m) (General Chat) - JoeyDeacon, Jul 28, 15:54:45

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