Deflation on it's way in Eurozone

[IC1967]

You heard it here first.

http://www.bbc.co.uk/news/business-25636441

[BillyStubbsTears]

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

[Glyn_Wigley]

I remember Mick promising us deflation in the UK by this summer. Apparently it was inevitable and nothing could be done to stop it...

[IC1967]

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.

[IC1967]

UK inflation down from 1.9% to 1.7%. The relentless march towards deflation continues.

[Glyn_Wigley]

Presumably as relentless as the last time it was 1.7%.

[IC1967]

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.

[IC1967]

More evidence of the relentless march of deflation:

http://www.bbc.co.uk/news/business-26817775

[IC1967]

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

[RobTheRover]

[IC1967]

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

[IC1967]

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

[IC1967]

Now down to 0.3%!!! Deflation will be here soon.

http://www.bbc.co.uk/news/business-28982551

[coventryrover]

When's it get down to zero?  Can we have a countdown

[IC1967]

The relentless march continues. Down another 0.1% in a month. Expect deflation next year.

http://www.bbc.co.uk/news/business-29218855

[IC1967]

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

[bobjimwilly]

I'd wait until the end of summer before you claim he was wrong.

You were wrong.

[BillyStubbsTears]

Mick is like the doomsday economist who predicted 11 of the last 2 recessions.

[IC1967]

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.

[Glyn_Wigley]

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.

[IC1967]

 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.

[Glyn_Wigley]

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?

[RedRover45]

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.

[IC1967]

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.

[IC1967]

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.

[Filo]

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

[IC1967]

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.

[MachoMadness]

<a href="http://www.youtube.com/watch?v=0GIQhk3eHvQ" target="_blank">http://www.youtube.com/watch?v=0GIQhk3eHvQ</a>

[IC1967]

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

[Iberian Red]

<a href="http://www.youtube.com/watch?v=0GIQhk3eHvQ" target="_blank">http://www.youtube.com/watch?v=0GIQhk3eHvQ</a>

Does he live under a bridge?