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Wolfie Street
Sky News
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Comments by "Wolfie Street" (@wolfiestreet6899) on "Chancellor says 'there's no easy options' as inflation hits 10.1%" video.
@piccalillipit9211 It has to do with western governments policy reaction to the war. TTF futures on gas in Europe are up over 400% this year alone.
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This has nothing to do with Brexit. Get over it.
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@piccalillipit9211 Of course it is. That's economics 101. Both the volume and velocity of money supply has increased dramatically in a very short period of time. Of course there will be consequences.
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@johnmcallister8446 Because those that were heavily dependent on Russian gas that they have now rejected are now competing for the same limited supply the UK is. Essentially the global supply has decreased, but demand hasn't. It has a knock on effect everywhere. Economics.
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@piccalillipit9211 Of course it is, that's economics 101. Go shill elsewhere.
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How is the UK doing 'the worst? The Netherlands has an inflation rate of 10.3% and Turkey is north of 75%. Be gone with your subversive propaganda lies!!
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@Azmodaeus49 Complete and utter tosh. This issue is neither unique to Conservative Governments or the UK.
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Yep, the good ol days are up. The punchbowl is empty, the music has stopped, get ya coat and get out.
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Intervene how?
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@johnmcallister8446 False. France is heavily subsidising with public debt. The consumer will pay, now or later....
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Then they will collapse. And the government will be expected to bail them out.
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@jjefferyworboys8138 Which they will offset against 2020 losses.
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Well, that's not quite right. It is a very significant contributory factor, but not the only one.
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@gaspanda No, its not largely caused by that. It's mainly caused by overly loose monetary policy. Don't attempt to gaslight us.
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@macvas7367 Apart from all the inflation that is.
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This is the kind of idea a toddler thinks up.
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Why?
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@jackwhite6513 Where's the honesty in Labour?
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Which some of us figured out 2 years ago...
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What a meaningless comment.
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OK 77th bot.
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@johnrussell3961 False. The central bank is independent of the Government.
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@goldenplayroblox5985 What's your point?
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@Derek-Trotter Agreed. It has authority and autonomy over monetary policy. However, it has mandates imposed by the government. And thus has to react when government policy places those targets in jeopardy. Now this is obviously only my hypothesis, but it seems possible to force the central banks arm into undertaking very loose monetary policies. Theoretically of course....
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