The Virtual Pub

Come Inside... => The Commons => Topic started by: Snoopy on October 15, 2008, 03:25:06 PM

Title: It's not all bad news then
Post by: Snoopy on October 15, 2008, 03:25:06 PM

Petrol prices on the forecourts of Morrisons and Asda have dropped below £1 a litre today. At last I can fill up with the Ltrs window showing more than the £s window again.

http://news.bbc.co.uk/1/hi/business/7672069.stm

I've noticed prices of some products in the local shops are dropping back too. Is this the correction we need or just a temporary dip before inflation soars again?

Someone on the wireless this morning was warning of the dangers of minus inflation which he reckoned was a real possibility. ie that inflation is needed and that should it go into reverse we would indeed be in deep dodo.

Title: Re: It's not all bad news then
Post by: Nick on October 15, 2008, 03:51:59 PM

Does minus inflation make a sort of sucking sound?

Title: Re: It's not all bad news then
Post by: Barman on October 15, 2008, 03:52:51 PM

I'd imagine deflation made a hissing sound...  whistle:

Title: Re: It's not all bad news then
Post by: Snoopy on October 15, 2008, 04:08:49 PM

Apparently if it happens we will be worth less than worthless.