keitha
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2024, hopefully the year I get out of P2P
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Post by keitha on Aug 17, 2022 11:40:06 GMT
Looking at prices Octopus AGILE export follows wholesale prices, today it doesn't drop below 27p and hits a high of 62.83p average is over 40p
that is getting scary
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registerme
Member of DD Central
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Post by registerme on Aug 22, 2022 18:16:07 GMT
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keitha
Member of DD Central
2024, hopefully the year I get out of P2P
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Likes: 2,329
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Post by keitha on Aug 22, 2022 18:23:25 GMT
especially for people like me whose company pensions are limited to a 5% rise
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kermie
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Post by kermie on Aug 22, 2022 18:48:22 GMT
Was that mean to link to some article?
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mrk
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Post by mrk on Aug 22, 2022 19:12:34 GMT
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registerme
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Post by registerme on Aug 22, 2022 19:51:10 GMT
Was that mean to link to some article? It was, sorry for the fluffed link, and thank you for tagging me. Now corrected.
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zlb
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Post by zlb on Sept 4, 2022 9:49:23 GMT
I never pick individual stocks, only invest in index tracker funds. I'm reducing my exposure to UK equities, based on this other chart. (Don't mean start a political debate on UK vs other countries, there's enough of that in other threads.) As for P2P a recession just reinforces my existing approach: only invest in property-backed loans with low LTV. Consumer and business lending are looking even riskier now. So there won't be a period of negative equity affecting property loans?
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zlb
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Post by zlb on Sept 4, 2022 10:00:54 GMT
I remember those days as well along with the 26% bridging loan that I had to take out on one property. Ahh the good old days when rates were killers. FWIW for the 25 years that I paid a mortgage the average rate paid by me was 8.7%. Anybody else remember getting 2 pay rises in a single year. I remember getting no pay rise in 2 years yeah. Mid 90s, no pay rise 5 years, and 0.5% mode since then. No departmental budget either. Pseudo public sector (it had been incorporated, so the public think you are all having a pay rise, when it's the opposite because it's all funded by measurement)
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Post by Deleted on Sept 4, 2022 13:50:45 GMT
Do you remember how bad it was back in the 70s. Then we did two things, we made the BOE independant and joined a trade organisation called the Common Market. Welcome to the Brexit premium!
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
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Post by ilmoro on Sept 4, 2022 14:10:42 GMT
Do you remember how bad it was back in the 70s. Then we did two things, we made the BOE independant and joined a trade organisation called the Common Market. Welcome to the Brexit premium! BOE made independent 25 years after joining EEC, after the ERM currency crisis. Seem to recall most of the bad stuff was after we joined EEC, currency crisis, IMF bailout etc. The thing you've missed is North sea oil from the mid-70s. Common denominator is an energy crisis.
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Post by Deleted on Sept 4, 2022 15:04:38 GMT
Well for me the ERM crisis was a minor shock concerned with the 73 thing and to be fair the ERM was self inflicted by people who thought the UK was a powerhouse of a trading nation, rather than face reality.
If that sounds familiar, it is.
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agent69
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Post by agent69 on Sept 17, 2022 18:53:41 GMT
Inflation in the European Union is now higher than in Britain as rising energy and food prices hit families on the continent.
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mrk
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Post by mrk on Sept 17, 2022 19:19:56 GMT
Inflation in the European Union is now higher than in Britain as rising energy and food prices hit families on the continent. By a whopping 0.2% - 10.1% vs 9.9%. Nothing to worry about over here then. Also, France 6.6%, Germany 8.8%, Italy and Eurozone 9.1%.
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aju
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Post by aju on Sept 19, 2022 14:57:54 GMT
Inflation in the European Union is now higher than in Britain as rising energy and food prices hit families on the continent. By a whopping 0.2% - 10.1% vs 9.9%. Nothing to worry about over here then. Also, France 6.6%, Germany 8.8%, Italy and Eurozone 9.1%. Am i the only one who thinks that the stats people change a few items and the cpi rates dip down just before the State pensions are adjusted (12mths reported in Oct), Many company ones like mine, which used to be based on RPI but was changed to CPI as for many in the public sector, using the CPI dates register now. So both my pensions, state and company, are affected. I agree 0.2% is not much of a difference but it's an odd dip none the less. (I have been tracking the RPI to CPI on my company pension since I started in 2013 and it has already lost over £8000 by that change to CPI alone!) (I know this is not logical but it's not the first time that such an important change has seen down ward dips in September - August figures are reported in Sep.) Also the change in the energy cap, although reduced with truss' latest, that was still be an effective increase for people like us. (At least i had to good sense to to turn the pilot light off on our gas fire in the sitting room). I guess we'll have to get a smaller house but as our house is quite large we have already ordered some long johns etc ;-) At least Octopus seem to have given us a so called 4% discount although it's not very obvious in the figures they have supplied. We also seem to live in one of the most expensive parts of the country (The S/W) - last time the overall figures showed we were one of the most expensive areas. Oh well we will survive but it's galling to have to pay so much for utilities after coming from one of the cheapest companies who went bust and it's become very clear we had it good for so long it's now time to start paying for that good fortune retrospectively ...
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Post by Deleted on Sept 19, 2022 16:12:56 GMT
"from one of the cheapest companies who went bust"
says it all
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