Inflation watch

[PS_RalphW]

The outlander only ever had an electric range of 20 miles. The vast majority of people who bought it never charged the battery from a plug - they bought it for the £5,000 discount the government gave them. With such a small battery, it needed careful management not to leave it on empty or fully charged for too long and damage the chemistry. With a larger battery in modern evs, (40KWh or more) the battery rarely needs to be stressed by being fully filled or drained, and has more robust chemistry, and now should last longer than the car and still hold 90%+ of its original capacity,

My leaf had 93% capacity left of its 22KWh when I sold it at 5 years old

[Catweazle]

It did 30 miles when new, and he plugged it in at work every few days. The battery is very small, but still £3.5k .

[johnny]

My Son bought a Mitsubishi Outlander hybrid, brand new, in 2014. It's done less than 50k miles. The battery now has a range of less than 3 miles, but a replacement costs £3.5k . Fortunately it runs well as a petrol car, but it's a shame to use it like that. It's effectively a write-off, despite being in otherwise excellent condition.

Sounds like Mitsubishi doesn't have something figured out. I've got a Ford Fusion, bought almost new back in 2014, currently with 165K miles. The battery with a 20 mile EV only range now has about 17. Have occasinally gone 6 months before needing to fill the tank with petrol. Does between 38-45 mpg, call it 16-19 km/L.

Considering getting another one except this one just won't die.

[johnny]

My leaf had 93% capacity left of its 22KWh when I sold it at 5 years old

My Leaf is now 7 years old, I bought it missing 1 bar of the 12, no others have vanished, best i can tell range is no different than when purchased 15K miles ago.

[BritDownUnder]

I looked at an Outlander PHEV in 2014 and something just didn't seem right. Too plasticy with a naff interior for a $60,000 car, more like a $30,000 car. Should have spent about $2,000 making it look like the expensive car it was. They claimed the battery has about 60km of range when new.

Back on topic I hope the gummint realise how long it look, and the cost in broken lives through business failures and unemployment, it took to get inflation back under control last time. Can't outsource it this time - it's already been done.

[Default0ptions]

Back on topic I hope the gummint realise how long it look, and the cost in broken lives through business failures and unemployment, it took to get inflation back under control last time. Can't outsource it this time - it's already been done.

The amount of debt to gdp in western economies is truly staggering; and the continuous ’money printing’ of QE since 2008 is unbelievable.

Tim Morgan’s latest (and all previous) postings are worth a read:

https://surplusenergyeconomics.wordpress.com/

[UndercoverElephant]

https://www.politico.eu/article/imf-war ... ry-spiral/

The International Monetary Fund slashed global growth and revised inflation upward in its World Economic Outlook released Tuesday, calling on central banks to hike rates to avert an inflationary spiral.

[UndercoverElephant]

https://ahvalnews.com/turkey-inflation/ ... ts-disdain

Turkey’s central bank almost doubled its year-end inflation forecast after it refused to raise interest rates despite a surge in prices. Economists voiced increasing frustration over the course of monetary policy.

Consumer price inflation is expected to be 42.8 percent in December, central bank governor Şahap Kavcıoğlu said at a televised presentation in Ankara on Thursday. The bank’s previous forecast, made three months ago, was 23.2 percent. Turkey’s medium-term inflation goal is 5 percent.

Turkey should not raise interest rates just because other central banks around the world are doing so, Kavcıoğlu said at the presentation of the bank’s quarterly inflation report.

“We are trying to make decisions by creating policies unique to our country,” he said. “We take our inflation problem very seriously. All stakeholders are working very hard… Let our people trust us, we will ensure permanent price stability as soon as possible.”

[Default0ptions]

Interesting possible move by Russia for a gold and commodities backed rouble.

Mock all you like but the USD is toast. Full faith and credit in a currency backed only by debt that can never possibly be repaid?

https://www.zerohedge.com/markets/new- ... ommodities

[kenneal - lagger]

It will be interesting to see if Turkey's policy works.

I can't see the point of increasing interest rates in the UK because our inflation is driven by external factors such as the price of oil and other commodities. Most people aren't spending because they don't have enough money to spend on anything but essentials so increasing interest rates only adds to their costs and makes them even poorer. I suppose that *ankers with plenty of money to spend don't realise this as they never get to talk to ordinary people in the real economy.

I understand that Turkey was already suffering from high inflation before the recent crisis hit so their circumstances might not be like ours so their "cure" might not work so well.

[UndercoverElephant]

Mock all you like but the USD is toast.

Very few people on this forum think the $US is anything other than toast.

My own thoughts on this matter are here, but it is a long read: https://www.geoffdann.co.uk/on-collapse/

[Default0ptions]

Mock all you like but the USD is toast.

Very few people on this forum think the $US is anything other than toast.

My own thoughts on this matter are here, but it is a long read: https://www.geoffdann.co.uk/on-collapse/

Thank you UE, that was well written and a good read. I agree with your conclusions.

[UndercoverElephant]

Excellent article on the coming stagflation:

https://consciousnessofsheep.co.uk/2022 ... eck-ahead/

[dustiswhatweare]

Mock all you like but the USD is toast.

Very few people on this forum think the $US is anything other than toast.

My own thoughts on this matter are here, but it is a long read: https://www.geoffdann.co.uk/on-collapse/

Yes, can't disagree with any of that.

[UndercoverElephant]

https://www.bbc.co.uk/news/business-61324482

The US central bank has announced its biggest interest rate increase in more than two decades as it toughens its fight against fast rising prices.

The Federal Reserve said it was lifting its benchmark interest rate by half a percentage point, to a range of 0.75% to 1% after a smaller rise in March.

With US inflation at a 40-year high, further hikes are expected.