Viking Supporters Co-operative
Viking Chat => Off Topic => Topic started by: IC1967 on January 07, 2014, 12:53:31 pm
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You heard it here first.
http://www.bbc.co.uk/news/business-25636441
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Mick
As you well know, no-one who reads widely EVER heard anything from you first. In this case you are only 2 months late, which isn't bad by your standards.
http://mobile.nytimes.com/2013/11/15/opinion/krugman-the-money-trap.html
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I remember Mick promising us deflation in the UK by this summer. Apparently it was inevitable and nothing could be done to stop it...
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I agree with Mick that deflation is inevitable in the UK. In case you hadn't noticed it is now winter not summer. I'd wait until the end of summer before you claim he was wrong.
Antone who doesn't believe deflation is coming is obviously not an expert on economics and demographics like what I am.
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UK inflation down from 1.9% to 1.7%. The relentless march towards deflation continues.
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Presumably as relentless as the last time it was 1.7%.
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It's the trend that is important here. Despite billions being pumped into the economy via QE, inflation is on the way down. This was not what was expected. The BoE is doing it's best to inflate the debt away but failing miserably.
They are obviously not experts on demographics like what I am.
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More evidence of the relentless march of deflation:
http://www.bbc.co.uk/news/business-26817775
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What did I tell you. It's only a matter of time before the UK is also affected (unless of course we leave the EU).
Deflation has been running at an annual rate of -1.5 per cent in the eurozone over the past five months, when adjusted for austerity taxes. They are all doomed and we will feel the consequences.
http://www.smh.com.au/business/comment-and-analysis/ecb-to-blame-for-eurozone-deflation-20140404-36242.html
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(http://katie73.files.wordpress.com/2011/07/dont-feed-the-troll.jpg)
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The relentless march to deflation for the UK continues. Down by another 0.1% last month. It is the sixth consecutive month that the rate of inflation has fallen, marking the longest consecutive fall since modern records began.
At this rate I predict deflation for the UK on 15.9.2015. You have been warned.
Get into gold now!!!
http://www.bbc.co.uk/news/business-27033602
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The relentless march continues. Down from 0.7% to 0.5% in just one month.
Hopefully you've all been adjusting your investment portfolios since I gave you the heads up months ago.
http://www.bbc.co.uk/news/business-27677479
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Now down to 0.3%!!! Deflation will be here soon.
http://www.bbc.co.uk/news/business-28982551
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When's it get down to zero? Can we have a countdown
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The relentless march continues. Down another 0.1% in a month. Expect deflation next year.
http://www.bbc.co.uk/news/business-29218855
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UK inflation falls a massive 0.3% in a month. Its now down to 1.2%. Is there anyone out there that now doubts my forecast that we will be getting deflation? Just be grateful I've warned you. Deflation is going to be devastating for the economy and as a consequence there will be huge consequences for the general public. Get your affairs in order now. Those of you that don't are going to suffer very badly.
http://www.bbc.co.uk/news/business-29611742
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I'd wait until the end of summer before you claim he was wrong.
You were wrong.
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Mick is like the doomsday economist who predicted 11 of the last 2 recessions.
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I'd wait until the end of summer before you claim he was wrong.
You were wrong.
I think you'll find that the Eurozone is experiencing deflation as predicted thank you.
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I'd wait until the end of summer before you claim he was wrong.
You were wrong.
I think you'll find that the Eurozone is experiencing deflation as predicted thank you.
I agree with Mick that deflation is inevitable in the UK. In case you hadn't noticed it is now winter not summer. I'd wait until the end of summer before you claim he was wrong.
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Looks like Mick predicted inflation by summer. How can you say he was wrong? Did he say which summer?
I predicted it by September 2015. This is one of those very rare occasions where I've made a mistake. I've made a typo. I meant to put by September 2016 which is the date I always felt it would happen by.
I apologise abjectly for my typo but am feeling extremely confident that my prediction will come to pass. You have been warned.
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Looks like Mick predicted inflation by summer. How can you say he was wrong? Did he say which summer?
I quoted from your post. It was you who mentioned summer. If you don't lie you don't need a good memory, eh?
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Looks like Mick predicted inflation by summer. How can you say he was wrong? Did he say which summer?
I predicted it by September 2015. This is one of those very rare occasions where I've made a mistake. I've made a typo. I meant to put by September 2016 which is the date I always felt it would happen by.
I apologise abjectly for my typo but am feeling extremely confident that my prediction will come to pass. You have been warned.
Sniff sniff. There's a funny smell round here.....
Ahh, that's it. Bullshit.
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Looks like Mick predicted inflation by summer. How can you say he was wrong? Did he say which summer?
I quoted from your post. It was you who mentioned summer. If you don't lie you don't need a good memory, eh?
In the he post you refer to I say I agree deflation in the UK is inevitable. I never gave a timescale. I've admitted my typo and haven't got a clue why you are saying my prediction is wrong.
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The relentless march to deflation for the UK continues. Down by another 0.1% last month. It is the sixth consecutive month that the rate of inflation has fallen, marking the longest consecutive fall since modern records began.
At this rate I predict deflation for the UK on 15.9.2015. You have been warned.
Get into gold now!!!
http://www.bbc.co.uk/news/business-27033602
This was my prediction. I meant to say 2016 but it could well happen before then, even as early as next year. So get a grip all you that are saying I was wrong.
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Looks like Mick predicted inflation by summer. How can you say he was wrong? Did he say which summer?
I quoted from your post. It was you who mentioned summer. If you don't lie you don't need a good memory, eh?
haven't got a clue
I agree Mick, you have n't
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Seems like people are getting me confused with Mick. While I agree with a lot of what he said in the past I was very specific in my prediction of when it would occur in the UK. I predicted it down to the day. For those of you that have forgotten I refer you to my previous post. I predicted 15.9.2015. I've adjusted this to 2016 but my original prediction still has nearly a year to go before that is proved wrong. So get a grip everyone, you are making yourselves look silly.
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http://www.youtube.com/watch?v=0GIQhk3eHvQ
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It seems like Newsnight are coming around to my way of thinking. The headline on the programme last night was all about the threat of deflation. They spent most of the programme discussing the issue. However none of the so called experts on the programme know as much about the issue as I do. They were all coming up with reasons why it may happen but missed the main reason it will occur. Demographics.
We have an ageing population. Old people are becoming a bigger and bigger part of the population. Old people don't spend as much. For example (unless they are unintelligent) they will have bought their own house and paid off the mortgage. They aren't so bothered about changing the car or mobile phone very often etc. This means there is less demand in the economy. This leads to deflation with all its terrible consequences. If you think things have been bad since Labour wrecked the economy you ain't seen nothing yet.
What is the solution I hear you ask? We need mass immigration. Unless we have a lot more younger people in the economy we are all doomed. This is going to take time so we will not be able to avoid the coming deflation. Japan suffered from it for decades if you want a recent example. To get out of it we need a lot more babies.
Mass immigration I hear you ask. Surely IC1967 is a UKIPer and is against immigration. No. Thats where all you lefties get it wrong. We are against UNCONTROLLED immigration. I'm all for the right kind of immigration where we actually allow skilled people in instead of allowing any old Tom Dick or Harry to come such as Roma gypsies ffs.
We need to plan our infrastructure for the huge numbers that we need. Unfortunately our politicians are all short term merchants (except UKIP) and I don't see the necessary planning taking place. If only I could rule the country as a benevolent dictator things would be much better.
http://www.bbc.co.uk/iplayer/episode/b04m0452/newsnight-14102014
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http://www.youtube.com/watch?v=0GIQhk3eHvQ
Does he live under a bridge?
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No one knows him?
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The inflation figures are out, why haven't we had an update?
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Why filo? Why?
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Why filo? Why?
I'd prefer our economics expert to comment on the latest figures
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Why filo? Why?
I'd prefer our economics expert to comment on the latest figures
Your wish is my command. Now down to 1%. Deflation here we come.
Here's the last sentence from the link below:
'Falling inflation could also be of concern to investors, as the UK moves closer to the Eurozone's situation of battling to avoid deflation'.
http://www.bbc.co.uk/news/business-30493967
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What happened to last months sermon?
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What happened to last months sermon?
Last month was an aberration which is why it was ignored.
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And this month is nothing to do with the (global) collapse in oil prices?
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And this month is nothing to do with the (global) collapse in oil prices?
I've told him before, inflation is the rate at which a currency loses its value - across the board. Individual commodity fluctuations are not an indicator of an inflation rate.
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And this month is nothing to do with the (global) collapse in oil prices?
Of course it is. Any fool could have predicted the fall in the oil price. I always factored this into my prediction. I predict it will fall further.
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Glyn
Agreed.
If anything, the huge drop in oil prices will lead (in the medium term) to an increase in headline inflation because it is effectively a stimulus to growth.
Course, this'll all be academic if the Russian economy continues to go down the plug and they respond in an aggressive way...
Krugman has coined a terrifying term for the current state of Russia, as a petro-economy with massive structural problems. "Venezuela with Nukes."
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Yes Mick.
You being such a prize fool, I'm surprised you didn't predict it then.
How's the gold price doing by the way?
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And this month is nothing to do with the (global) collapse in oil prices?
Which might be to do with the Americans ending QE, the dollar consequently strengthening and possibly co-ordinating this with the Saudis who have decided against cutting oil production during a small glut. A symptom of a slow down in China, Europe and Japan reducing demand for energy.
Which all puts the Russian economy into crisis. Whether or not it's all a coincidence, I'm not sure.
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Yes Mick.
You being such a prize fool, I'm surprised you didn't predict it then.
How's the gold price doing by the way?
You'll be pleased to know that it is still quite low. Those of you that took my excellent advice will be buying at the bottom of the market. Don't be like Billy and buy at the top.
My great skill was giving the advice just before the price collapsed. As any savvy investor knows drip feeding money into an investment is the way to go. Month by month. Sounds like Billy might have piled in with all his money straight away. Silly Billy.
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Fair points RD.
There's a field of conspiracy theory which says that the USA conspired with the Saudis to get and keep the oil price low in the mid-80s to beankrupt the Soviet Union, bringing the Cold War to an end. Certainly the Soviets were badly hit by the collapse in oil price from 1986-90 (the price went from ~$30/barrel to ~$15/barrel almost overnight and stayed there for a long time, just as Gorbachev was trying to re-orient the Soviet economy - it's estimated that this fall cost the Soviet economy ~$20bn per year, which was big money in those days).
IF the USA is pulling these strings this time, it's a high-stakes gamble. Especially with our troops on the Soviet border in the Baltic.
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Funny, that it's still low Mick. Two years after you said:
Anyway I'll still be quids in as the price of gold will rocket as the money printing continues under Obama.
QE continued for most of the 2 years after Obama's re-election. And what happened to the price of gold?
That's right. It's dropped by 25%.
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The gamble, if it is intentional is whether or not the American economy is strong enough to resume growth, with the injection of this cheaper fuel.
There are downsides for the Americans with cheaper oil, the shale fracking industry will take a hit for one as does German industry that exports a lot into Russia.
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He bought gold as much as he put a bet on Scottish independence.
I'm short of a bob or two though so which month and year do we start to deflate?
Who's going to win the next election?
I'm looking forward to the answers Michael...
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2012 Gold price to rocket. Wrong
2012. Rovers to be relegated from L1. Wrong.
2013 Deflation by July 2015. Wrong
2013 Labour to be at 26% in the polls by May 2014. Wrong.
2014. Dog Meat to win the National. Wrong.
2014. Scotland to vote yes. Wrong.
2014. Farage to stand in Donny North. Wrong.
Must be a correct prediction somewhere but I'm buggered if I can find it.
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2012 Gold price to rocket. Wrong
2012. Rovers to be relegated from L1. Wrong.
2013 Deflation by July 2015. Wrong
2013 Labour to be at 26% in the polls by May 2014. Wrong.
2014. Dog Meat to win the National. Wrong.
2014. Scotland to vote yes. Wrong.
2014. Farage to stand in Donny North. Wrong.
Must be a correct prediction somewhere but I'm buggered if I can find it.
The gold price will rocket. Just be grateful I gave you the advice just before the bottom of the market. Those of you that took the advice will make an absolute fortune. I reckon you will at least double your money. Now that's what I call excellent advice.
Rovers to be relegated. I got this one wrong for all the right reasons. Mr Saunders (who I'm reliably informed) took great interest in my excellent advice. He decided to change his strategy and went for more of a possession/passing game. The rest is history. He knew that I would be right about relegation if he didn't heed my advice. Fair play to him. I'm only disappointed that he didn't give me any credit for the turnaround.
Labour to be at 26%. Looks like I made a typo there and pressed the 2 instead of the 3. If it wasn't for that typing error, I'd have been right again.
Deflation by July 2015. Wrong? How do you know? I'm very confident I'll be getting that one right.
Dog Meat to win the Grand National? I don't ever remember tipping a horse with that name to win. In fact I think you've made that name up.
Scotland to vote yes. They did vote yes to stay in the union.
Farage to stand in Donny North. I'm reliably informed that this is still his intention. He isn't going to announce it until the last minute for maximum political impact.
All in all I think most people would agree, an excellent forecasting record.
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He bought gold as much as he put a bet on Scottish independence.
I'm short of a bob or two though so which month and year do we start to deflate?
Who's going to win the next election?
I'm looking forward to the answers Michael...
As you know, I always answer any questions thrown at me (unless they are silly). Right, deflation in 2015. I'll even give you the month - July.
The Tories are going to be the biggest party. They will form a coalition with UKIP and the EU referendum will be brought forward by 12 months. We will vote to leave.
Get your money on and you will be laughing all the way to the bank.
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What happened to last months sermon?
Don't worry, he'll disappear again when petrol prices go back up.
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Mick,
Anyone who puts money on your predictions would be going to the bank alright. The food bank.
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Mick, post us up a copy of your betslip once you've staked the Bettaware Empire funds, please.
Ta in advance.
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[/quote]
Labour to be at 26%. Looks like I made a typo there and pressed the 2 instead of the 3. If it wasn't for that typing error, I'd have been right again.
[/quote]
http://www.drfc-vsc.co.uk/index.php?topic=242903.msg397551#msg397551
Like I say. You lie as easily as you breathe. Idiot.
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Labour to be at 26%. Looks like I made a typo there and pressed the 2 instead of the 3. If it wasn't for that typing error, I'd have been right again.
[/quote]
http://www.drfc-vsc.co.uk/index.php?topic=242903.msg397551#msg397551
Like I say. You lie as easily as you breathe. Idiot.
Thank you for that. You're right. I didn't make a typo on the 2 and the 3. Abject apologies for that. I made the typo on the date. I meant to say 2015 not 2014. I pressed the 4 instead of the 5. So my prediction still holds. You can only claim I got it wrong after the election, not before.
[/quote]
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Bullshit Mick.
You lie as easily as you breathe.
Every single prediction. Wrong. Then lies afterwards.
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Bullshit Mick.
You lie as easily as you breathe.
Every single prediction. Wrong. Then lies afterwards.
I'm baffled. I've demonstrated that I am brilliant at predictions. Even if I accept your argument (which I don't), how can you say every prediction is wrong when some of them won't be proved right or wrong until next year? I won't call you a liar for saying every prediction is wrong but am at a loss to understand how you can make such a claim. I'd be grateful if you could clarify this matter.
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Mick.
f**k off now, I've got work to do.
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Mick.
f*** off now, I've got work to do.
Look, I'd appreciate it if you could clarify your comments. I'm genuinely baffled at your 'lie' that all my predictions are wrong. You're the one that's made a song and dance about me being a liar, and then you 'lie' in the next breath. I'm sure I'm not the only one that would like you to clarify matters. Thanking you in anticipation of your cooperation.
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You heard it here first folks. 12 months ago I looked into my crystal ball and it looks like another prediction is going to be proved to be correct (yet again).
I hope you all took avoiding action like what I did. If not, its still not too late to sort your investment portfolio. It would have been better to do it when I first told you but better late than never.
At least it hasn't hit the UK (yet). I predict deflation for the UK this year so get the UK side of your investment portfolio sorted now before it's too late. I've already sorted mine out 12 months ago but you can still limit the damage if you act now.
http://www.telegraph.co.uk/finance/economics/11325535/German-inflation-hits-five-year-low-as-eurozone-prepares-for-QE.html
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Deflation has now officially arrived in the Eurozone.
http://www.bbc.co.uk/news/business-30707644
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Oh dear. Inflation has fallen by 0.5% to 0.5% in a month. This is the lowest on record. Deflation is an inevitability like what I predicted a long time ago.
I do hope you all got your investment portfolios sorted when I gave the excellent advice. You were warned and if you didn't take my advice you only have yourselves to blame.
http://www.bbc.co.uk/news/business-30794673
Here's an article explaining what the ramifications may be. In its opening paragraph it says, 'Nobody saw it coming, and certainly not the Bank of England. Wind back the clock 12 months, and most forecasters expected inflation to be edging up past 2pc by now. The Monetary Policy Committee might well have been increasing interest rates to keep it under control. But it hasn’t happened'.
Excuse me, but I saw it coming. Luckily for the readers of this forum I am an expert in economics. Those of you that previously doubted me now have conclusive proof that I know what I'm on about. Notice how the article misses the main reason why we are going to experience deflation - demographics. Its time leading economists and politicians wised up to what I've been saying. I'm always available to help out.
http://www.telegraph.co.uk/finance/economics/11340538/Deflation-is-coming-to-the-UK-and-it-will-have-a-huge-impact-on-business.html
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The relentless march continues. Inflation now down to 0.3%.
http://www.bbc.co.uk/news/business-31501805
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Down to 0% now. I told you so.
http://www.bbc.co.uk/news/business-32033926