Current Affairs Cost of living…

[DavidH]

Neighhhhhhhh


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How much is one of them these days?

 

[Baines' left foot]

These sorts will usually think they’re on some sort of a wind up but clearly have very sad lives.

"Ahahaha lad they're proper crying"

As if the ones objecting to the idiocy are the sad ones.

 

[NilSatisOptimum]

In essence your synopsis is the cluster fudge that is the Tory Governance steering us to rack and ruin economically and socially for the past decade. Not even mentioning the Truss debacle. Dont wont to come across all patronising and condescending not that i want to type for others but fair few are aware of this including myself.

lol I’m sure your ex did.

Mathematics is based on axioms not assumptions. And everything else is deduced, gold standard of proof, abstract world rules are fixed. The predictive power of economics has long been known as weak.

“Both Shiller and Hayek have voiced their concerns about the limitations of economic models and the difficulty of predicting economic events with great precision” Nobel prize winners in the field.

Comparing a mathematical proof with an economic model is perfectly valid, and shows the difference in power of being able to say something with certainty v economic modelling.

And if you don’t care about assumptions just results then you just have loads of models with random scatter and eventually someone is right, then the model fails again. Which is funnily enough a criticism I have seen of economics when it is described as a pseudo science.

The claims I’ve made are the following

1) economics has weak predictive power.
2) there is more than one cause of inflation
3) cost push inflation is the main cause of the cost of living crisis due to the war in Ukraine which has seen rampant increase in costs of energy and raw materials such as grain
4) printing money QE can cause inflation

Your claim is I’m wrong a quack blah blah economics has high predictive power, when it doesn’t.


Good day!


.

Printing more money had a bigger effect on inflation than rising energy costs, it's not even close, but that's my opinion.

I agree it does suck, we are all being robbed by inflation.

 

[verreauxi]

The price of Peroni and a steak has gone through the roof. But lifting photos of steak dinners on the internet is still free.

 

[dCahill17]

Where did you study economics?

It's really not a lie though, it's factual. The gas prices aren't the only thing that has gone up, see the UK M2 money supply...

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Yeah sure, there are other causes. Dirty graph that ha.

 

[Daveysgingerlovechild]

Where did you study economics?

Hustlers University.

 

[Rita_Poon]

British Steel set to cut up to 2,000 jobs in furnace closure plan

British Steel confirms a plan to close two blast furnaces at its Scunthorpe plant.

www.bbc.co.uk

 

[Daveysgingerlovechild]

British Steel set to cut up to 2,000 jobs in furnace closure plan

British Steel confirms a plan to close two blast furnaces at its Scunthorpe plant.

www.bbc.co.uk

Just to add to the woes of the Port Talbot works too. Both areas quite reliant on the jobs both provide, directly or indirectly (services, supply chain).

 

[Tramps_mate]

Just to add to the woes of the Port Talbot works too. Both areas quite reliant on the jobs both provide, directly or indirectly (services, supply chain).

Also...

The only blast furnaces in the UK are owned by Chinese and Indian companies.

When these are closed down we wont be able to produce virgin steel any longer in the UK.

We will have to import virgin steel.


From China and India......

 

[Martin Alvito]

Hustlers University.

I would whack him up the side of the head with my copy of Mas-Colell, Whinston and Green until he gets it, but that thing weighs more than a baseball bat. It would be homicide well before osmosis set in. Varian would be much safer, but I doubt he even has the math for that.

 

[IrishBlue2022]

Has anyone got a hive heating system with the radiator thermostats or similar system? Thinking now may be a good time to get one with the black friday sales.

 

[Tramps_mate]

Has anyone got a hive heating system with the radiator thermostats or similar system? Thinking now may be a good time to get one with the black friday sales.

I got a new boiler fitted last year. Mentioned it to my plumber and he advised against..

I think possibly because he couldn't be arsed fitting it. But the only benefit really is remote control of your heating..

 

[NathDogg]

Has anyone got a hive heating system with the radiator thermostats or similar system? Thinking now may be a good time to get one with the black friday sales.

I got one with a new boiler a few years back, the Google nest type.

Saved me a few quid tbh, mainly because I can remotely turn the heating off on the missus when she’s whacks it up in September.

 

[IrishBlue2022]

I got a new boiler fitted last year. Mentioned it to my plumber and he advised against..

I think possibly because he couldn't be arsed fitting it. But the only benefit really is remote control of your heating..

See the one i am looking at has the individual radiator controls. So say if i eant to hest the bedroom in the evening before i got to bed you can isolate that one room to be heated rather than the entire house. It also looks like you can set variable temperatures in all rooms of the house too. I'm thinking it would be a massive saver over the years.

 

[Eggs]

….inflation has halved so it’s all ok now.