Here in the UK the ‘good news’ is that inflation has come down, so roving journalists went onto the streets and asked people how this would affect them, the suggestion being that lower inflation will make people better off. This was the actual comment again and again.
Listen to this complete nonsense.
Of course you will immediately realise that a bit less worse off does not make you better off. But the journalists seem not to understand that basic concept of maths. Up is up and not down, less up is less up, and not down.
The Bank of England has a ‘target’ inflation of 2 %. What that means is the value of money should go down by 2% each year, which would be seen as doing a good job. That means people will be 2% worse off if the plan works.
It seems to me that we live in a crazy world if the plan is to be worse off every year. By design. It is not surprising that many people find maths difficult when nonsense is hurled at them from people who should know better.
Britain’s financial state has been reassessed and although still ranked as a AAA rating there is a lowering of the economic outlook, and so they say we now have a 1 in 3 chance in the next 18 months of having our rating downgraded to AA+.
The idea that the people who did not see the financial crisis coming, who overlooked debt at massive levels by countries and by people and by companies, can somehow predict this as being a 1 in 3 chance is surely pure fantasy, but we are supposed to believe it?
It is similar to the nonsense that shops are allowed to have signs saying up to 100% off, and of course 0.0000000001% off is a perfectly possible part of an up to 100% off sale. It means nothing.
The people who are in charge of many of our organisations, including banks, seem to be confused or are willing to be confusing, for their own purposes. It is time we woke up to nonsense.