Keep the videos coming on topics like this, dark as they are people struggle to understand economics to be able to call politicians out on doublespeak or just out right lying. small tangent but somewhat relevant - I was initially frustrated at brexit leave voters for not understanding what this would actually do to the country economically while believing it would actually be beneficial for it because of information being taken out of context and framed with politics but really its the politicians to blame. I think it can only really be fixed by educating people to be able to understand these topics to understand the impact of policies and to place their vote where they actually want it. I had conversations with many leave voters who really regret voting out seeing the impacts and the promises that were made never manifest and sign the partition to revote.
I use these for updates I provide at work so will look forward to either the community posts and/or newsletter on the topic. I think your last 2 minutes sum it up though, same story over and over, meanwhile as long as you're not in financial hardship then it doesn't actually matter, and if you're just an ordinary person then there's very little you can do about it.
I would like if you did a quarterly update on inflation, mainly because we need people like you to get the under the headline data out there while we have politicians talking absolute BS that world is a better place that prices still continue to go up!
Couldn’t have put it better myself. We need these vids Damo, whether we enjoy them or not. As well the points made by the post above, it helps people understand the reality of our economy and also to plan accordingly (if this relates to anything people might be thinking of doing).
Listening to your monthly analysis of the published figures cuts straight through the 'spin', I find that invaluable, please carry on until we're out of the woods.
I think you don't need a regular inflation update but when the government and/or media make major claims about inflation changes and their impact, a video reflecting how much truth there is in these claims would always be appreciated
I would prefer you kept doing it regularly as it is the highest cost for most people and you explain the nuances behind the headline figure ie. Services and wage growth. We need to know the full picture and otherwise it would take a lot of people a lot of energy to find this information, much more efficient for you to do it, if you don’t mind, thank you
Continue the videos. It may not be positive but it gives us a good indication of what’s really going on, which in turn will lead us all to make more informed decisions
@@JevansUK They are talking about the banks moving their interest rate on savings in response to the Bank of England's changing interest rate. When the rate drops, they quickly reduce the rate they pay to customers; when the rate increases they take their sweet time in increasing the rate they pay to savers. It has nothing whatsoever to do with the costs of providing a service.
its really nice to have a finance bro (and i use that term with the utmost respect) who appears to be of good politics and who just wants normal people to be better off.
I would appreciate a monthly update on the inflation data from you. It could just be a short 3-4 minute video which brings out the details that you consider important.
2nd year out of last 4, zero pay rises. The two years with, were 2.5% and just under 4%. Rent and CT have gone up 18% in last 2 years alone and food 25%, not difficult to see why people are suffering.
Got your point. For me you and Sasha are must videos to watch after the official number is released. Perhaps every video every Q? Or in major events? One idea: videos about how to get the most from the money or trying to beat Inflation? Or to get real value in these times. How to survive to non real income times.
Where food is concerned there is seasonal variation. The effect of the horrible wet spring so far will not be felt until the end of the growing season.
An of cause they don't mind a wet early spring, the question is will we get a dry spell to allow for the harvest. The rest of the world seem to have does well through, wheat harvests are said to be breaking records, with china cancelling contracts so they can renegotiate a better price.
@@DavidKnowles0 Which crops are we talking about? Taking cocoa for example, Ghana and Ivory Coast who are the 2 main producers have had 2-3 years of catastrophic harvests.
In a world where the truth is constantly concealed by the people meant to be looking out for our best interests people like you are now more important than ever
I personally look forward to the inflation posts you create, but then again I actually like anything you do on the channel because I know your a genuine person that’s on our level!
I agree with the majority of the comments: Having the unbiased, data-backed view on inflation helps us to put everything in context and gives us the opportunity to get realistic view on what’s happening. I don’t need big forecasts or promises from politicians, tell me how it is and I can think for myself. So, I highly appreciate your work!
I haven't seen your previous videos "banging on about Core inflation" so I appreciated seeing this one. As some have suggested perhaps you could do it less often e.g. quarterly or half-yearly. Thanks for sharing your insight.
Your channel is the most down to earth, rip through the bullshit we have. Please continue, even if it feels like a rinse and repeat at times. Hopefully one day you'll get to say "good news this month, inflation is finally trending in the right direction for the right reasons" and your viewers who value your analysis so much will know it truly is time to celebrate.
You're the only inflation commentator that I listen too. I now understand the headlines more because you've shown the data behind the headline. I would still follow along if the information was in the newsletter.
I've just watched Channel 4 News and some presenter in a nice suit is sitting there saying "the end is in sight for the cost of living crisis". Mate, prices are 20-50% higher, wages are still where they were in 2008, and we're in recession. No wonder this country is fucked.
@@auldfouter8661and what did £5 buy you in 2008 vs what it buys you today especially looking at the price of the things that someone earning minimum wage typically has to buy. Inflation is a smoke screen and is manipulated to suit a specific purpose. Make no mistake only a small section of society is better off and that’s the very rich.
I like the inflation videos because you look into the detail of an item in the news and give a real world view of what it means without the media spin. If you don't do these any more, maybe look into more positive financial news stories and give your view on them and the stats behind them.
I personally appreciate these videos and their frequency, I recognise that they're feeling a bit samey, but I do truly appreciate hearing you speak on this subject, I'd be disappointed to see the videos go and be replaced with community posts/newsletter updates :)
Your information is invaluable and one of the very few ways to get an accurate and honest picture of the economy. I don’t trust main stream press and I certainly don’t trust politicians so please continue.
Hi Damien, big fan of the channel. You mentioned you read every comment so I thought I'd share my thoughts. Please don't stop making these videos, for me I am interested in the truth behind the data, negative or not the truth is what I want. And I was moved by the attack you suffered, it has effected someone I know. Your attitude and outlook is testimony to your character. Keep it up. Rav
People dont understand that the prices of things are never going back down. This inflation is deeper than we think. Those buying groceries are well aware that the real inflation is much over 10%. The increments dont match our income, yet certain investors still earn over $365,000 in stocks and assets. Wish I could accomplish that.
Very possible! especially at this moment. Profits can be made in many different ways, but such intricate transactions should only be handled by seasoned market professionals.
Sounds interesting. I was planning to invest some few £ in some coins, stack them up and leave them for a few years, but seeing this changed my mindset. Thank you very much
Capital Economics are predicting a potential rate cut in June off the back of CPI dropping below 2.0% in April (below expectations). Will be interesting to see what happens; 10Y gilts have moved up slightly in price in the last couple weeks.
I really hope you continue making this type of content. For me, whenever an announcement is made about inflation or interest rates etc, I jump to your channel to see if you've covered it. I've yet to find someone who covers what is a complex issue in such an easy to understand manner. The mainstream media just can't be trusted to cut through he BS the same way you do. You're hard work is appreciated, please keep it going and thank you 👍
I think a periodic video is a good idea. Because although knowledge on inflation is important there is nothing we can do about it. Unless everyone wants to give there time essay for free.
I think the community wants you to carry on making these videos. As others have said, it’s the truth and something that we should be aware of. Id rather hear it from you than some corrupt politician.
These videos are the ones that made me find the channel, and I keep watching them because they're very useful in understanding where interest rates are going next and what's behind that. Hope you enjoyed Dune 2 as much as I did!
I enjoy these updates. Mainly as I don't use social media, and I do read BBC articles, but often I don't go out of my way to investigate the info in depth the way you do. I'd also be happy with a community post, but thought I'd add my opinion!
Damien. You do a great job in bringing some of this complex stuff to a wider audience. I personally love what you do but if it is making you feel low, which I feel it does, you should take time out. I don’t want you too, I LOVE your content. Take it easy. Top man. If nothing else, I have started an ISA since you were on my iPad and this a great thing.
I would still like to see updates on inflation. Appreciate that it’s not a positive story and may not be for some time but knowledge is power, especially in the current climate. The more informed we are (even when the news isn’t positive), the better. Also, your explanation of finance translates well for people like myself and others, who do not have a finance background. 🙏🏾
Love your videos! You are right, no need to continue with the inflation updates just so we can feel worse about our finances. You could do a piece about it when the trend reverses or there are some groundbreaking changes/developments. Whatever you decide, looking forward to seeing the next thing. Thank you.
maybe one final harrah with Sasha absolutely laying into inflation data. That`d be fun. Seriously though, I agree this particular subject has been covered alot and it may indeed be time to cover some positive subjects. Not sure what those would be though...
People forget, food price inflation is only an average anyway. Dairy has gone up way above inflation. The cheapest tin of tomatoes used to be about 25p, and now it's at least 35p - 40% in a couple of years. As for extra virgin olive oil, that is now like drizzling gold juice over your salad.
You are not a negative force/ fear mongerer. Cutting through the BS is important, especially with the amount of spin the media and government put on these things. Even though they have lately been quite samey these videos (and the interest rate ones) are the reason i come to you channel. The savings videos are nice but I'm already putting away as much as i can afford
So grateful to you Damo. Love what you're doing and how you present it. Who would have thought that learning about finances could be interesting, easy to understand, make me smile often and regularly give me a good laugh. Big thank you from one just starting out
I'd do a half yearly or maybe quarterly, maybe? Your videos reach a wide audience, well constructed and informative. People should want to know about things like this.
I think it's good that you keep these topical videos coming. I know that you'll have plenty of content to cover the ither more positive aspects of finance and help the masses. These videos are equally valuable for many folks like me who just browse the headlines and wouldn't know about the core inflation facts otherwise. I get that you don't want to sound like a parrot on this subject but maybe switch it to a quarterly output until things start changing more rapidly. Hope you enjoyed the movie!
Before watching videos from you and others around inflation, I did not understand the concept of inflation and how it effects my own cash flow. Personally I would like to see these videos periodically and how for example real wages growth is effected especially when the head line rate is 3.4% but the stuff that effects me is higher. I have never really known any thing other than low inflation being born in the 70ies, so I would like to see more.
A lot of friends I’ve spoken to about inflation and finances in the last year feel like me: “How is it that I’m earning more money than ever, but feeling considerably less well off?”. The main answer is that very few people will actually have a personal inflation rate of whatever the headline figure is - just like using BMI to assess health/weight…it’s designed predominantly to assess a population rather than an individual. Your videos on this subject help remind and reassure people that they’re not alone. We may not be going through a world war, the ‘standard of living’ may be higher than ever, but things are tough right now.
It's really useful to see what the breakdown of what makes up inflation and I'm not the only person thinking about the inflation merry-go-round of interest rates go up, housing gets more expensive, inflation goes up, interest rates go up... Not coming down is it. I think until government bans booking fees and ERCs as being anticompetive nothing will change as people are penalised for long term fixes.
I understand that it's not good but I think the rates and inflation story is "starting" to affect house prices which tbh is a positive in my view they've been too high for too long and need to come down.
I agree with most of the comments so far. I am relatively new to all this and found it extremely helpful . I understand you might feel you are saying the same thing over and over but it is nonetheless interesting. Remember there are always new people joining who haven’t heard this and it will be new to them.
Politicians need to take a more proactive educational approach like you are doing, but they never will as it suits their agenda for people not to understand what they are saying. Keep informing, and educating it’s inspiring !
In Australia many of us have been commenting on the double whammy- that is rising inflation with product size or weight reducing in supermarket and cafe goods, chocolate manufacturers for example increasing prices but making smaller bars , same in some sushi restaurants etc
I think you need to keep covering it every so often. It's clear the news and politicians try to sweep it under the rug and make it sound good, whilst you shine a true light on it and keep us all updated with what is actually going on.
It is about time the Government did something about the in-contract guaranteed price rises of CPI/RPI+4.99% every year that a lot of the media service providers bake into their contracts. Also the rises in council tax every yea4 are beyond the pale. My regional mayor that we don’t need costs me £193 per year.
I think it’s important to keep shining a light on what is happening in the UK regarding inflation. I find your channel very informative. You can’t post positive videos about that UK economy if for the majority of people they are being lulled into a false sense of security to encourage more spending. Please keep making informative videos. I live in Liverpool where the homelessness is out of control. They have derelict streets of perfectly good houses sitting there, as this government fails to act. Not building enough homes, forcing people to take out insane mortgages as the cost of houses rise. This rhetoric about things getting better is all about trying to make this government we have had for 10 years look like they are taking action near election time. They have failed to meet any of the housing targets and destroyed social housing. But minimum wage is going up by £1 in April, but a block of cheese costs nearly £5! Someone needs to highlight the rubbish being spouted by mainstream media. Keep up the good work!
The other thing is that employers are not always matching pay rises to inflation. Wage growth has been good for those people at the lower end, but not necessarily for everyone. I got a zero pay rise this year despite a decent performance rating - that said, I am a senior manager on over twice average earnings.
Yes waiting for BoE to bring interest rates down to help UK and now fixed mortgage deals not great and so have to absorb that increase because of their mismanagement of our economy. You are right index funds and positivity is way to go so we can kind of have some control
It is very helpful to get behind and underneath the numbers and to decode the political sound bites. This needs repeating. Different people join your channel at different times. There are millions of us out there who do not have even a basic understanding of the things you try so hard to teach us.
Luckily , the spring and summer are just around the corner so hopefully people will stop talking and banging on about the " cost of heating their home " for 6 months.
I feel so much better informed since I’ve started watching your videos. Thanks to you, Damien, I’ve started investing and feel less on edge about the future. Keep up the good work buddy!
Great update Damo. Level headed overview compared to a lot of what we see on YT. To be fair with your comments about the BoE being late to the party, they were one of the first major central banks to start raising rates, but didn't go as hard as some of the others *cough* the fed. As someone who purchased a house in COVID as a first time buyer I'm one of those who has been hit with a remortgage on a BIG loan and whilst I could handle it, I can imagine so many who would be on their knees. Enjoy Dune 2 - I loved it, just don't spend too long thinking about all the loss of key infrastructure that happens in the battles and what that will do to core inflation with a reduced spice flow
Your channel was the one that inspired me to start investing. I personally think you are right in going back to being the channel of positivity. There are plenty of channels out there who cover this stuff and I'm not saying you don't do a good job but I believe you are a better source of positive inspiration than a reactionary news outlet.
@5:05 wage-price is the correct term. real wages started rising high at the start of pandemic because: a) oil prices dropped b) furlough program Inflation only started rising in march 2021, one year after start of lockdown.
yes, im sick of it in the news constantly. mnoday inflation up!!!!, tuesday inflation down!!!, wednesday technical reccesion!!!. its just non stop how can they report this stuff almost daily its like new investors watching their stocks everyday like a day trader but not actually buying or selling.
You can sign up to the newsletter here: financialinterest.com/
Keep the videos coming on topics like this, dark as they are people struggle to understand economics to be able to call politicians out on doublespeak or just out right lying.
small tangent but somewhat relevant - I was initially frustrated at brexit leave voters for not understanding what this would actually do to the country economically while believing it would actually be beneficial for it because of information being taken out of context and framed with politics but really its the politicians to blame.
I think it can only really be fixed by educating people to be able to understand these topics to understand the impact of policies and to place their vote where they actually want it. I had conversations with many leave voters who really regret voting out seeing the impacts and the promises that were made never manifest and sign the partition to revote.
I use these for updates I provide at work so will look forward to either the community posts and/or newsletter on the topic. I think your last 2 minutes sum it up though, same story over and over, meanwhile as long as you're not in financial hardship then it doesn't actually matter, and if you're just an ordinary person then there's very little you can do about it.
Really grateful for your coverage! Thanks Damien
I would like if you did a quarterly update on inflation, mainly because we need people like you to get the under the headline data out there while we have politicians talking absolute BS that world is a better place that prices still continue to go up!
I agree with this. Inflation costs are being manipulated by woolie political people. And you cut right through with the truth.
Why cant you just delete inflation? its just a made up number
Yeah me too… it really helps to explain the numbers behind the political headlines
Couldn’t have put it better myself. We need these vids Damo, whether we enjoy them or not. As well the points made by the post above, it helps people understand the reality of our economy and also to plan accordingly (if this relates to anything people might be thinking of doing).
Agree we’re probably going to hover around this level for a while anyway.
Listening to your monthly analysis of the published figures cuts straight through the 'spin', I find that invaluable, please carry on until we're out of the woods.
I think you don't need a regular inflation update but when the government and/or media make major claims about inflation changes and their impact, a video reflecting how much truth there is in these claims would always be appreciated
agreed
I agree. Inflation should be a annual review,with perhaps quick quarterly reviews
I would prefer you kept doing it regularly as it is the highest cost for most people and you explain the nuances behind the headline figure ie. Services and wage growth. We need to know the full picture and otherwise it would take a lot of people a lot of energy to find this information, much more efficient for you to do it, if you don’t mind, thank you
💯 This is quality content and immensely helpful. Would be a real loss if it were to go.
What's the highest cost ?
Continue the videos. It may not be positive but it gives us a good indication of what’s really going on, which in turn will lead us all to make more informed decisions
I rare!y ever comment but I do think you should keep us updated on inflation. We need your realism
The banks are quick enough to drop their savings rates
It's like banking is a service that has a cost.
trading212 offering 5.2% on cash savings
@@jakebest5601On cash allocated to a background money market fund*
@@JevansUK They are talking about the banks moving their interest rate on savings in response to the Bank of England's changing interest rate.
When the rate drops, they quickly reduce the rate they pay to customers; when the rate increases they take their sweet time in increasing the rate they pay to savers.
It has nothing whatsoever to do with the costs of providing a service.
Yep my 5.2 % is being dropped to 4.2% in May even though the account is fixed to September.
Rigged.
its really nice to have a finance bro (and i use that term with the utmost respect) who appears to be of good politics and who just wants normal people to be better off.
keep these kinda videos going, you tell us what the inflation is in this country, soo please keep these videos going every month!!!
I would appreciate a monthly update on the inflation data from you. It could just be a short 3-4 minute video which brings out the details that you consider important.
2nd year out of last 4, zero pay rises. The two years with, were 2.5% and just under 4%. Rent and CT have gone up 18% in last 2 years alone and food 25%, not difficult to see why people are suffering.
Got your point. For me you and Sasha are must videos to watch after the official number is released. Perhaps every video every Q? Or in major events? One idea: videos about how to get the most from the money or trying to beat Inflation? Or to get real value in these times. How to survive to non real income times.
Where food is concerned there is seasonal variation. The effect of the horrible wet spring so far will not be felt until the end of the growing season.
An of cause they don't mind a wet early spring, the question is will we get a dry spell to allow for the harvest.
The rest of the world seem to have does well through, wheat harvests are said to be breaking records, with china cancelling contracts so they can renegotiate a better price.
@@DavidKnowles0 Which crops are we talking about? Taking cocoa for example, Ghana and Ivory Coast who are the 2 main producers have had 2-3 years of catastrophic harvests.
In a world where the truth is constantly concealed by the people meant to be looking out for our best interests people like you are now more important than ever
I personally look forward to the inflation posts you create, but then again I actually like anything you do on the channel because I know your a genuine person that’s on our level!
People are being priced out of their own homes and then having to sell and record low prices and possibly even negative equity.
I agree with the majority of the comments: Having the unbiased, data-backed view on inflation helps us to put everything in context and gives us the opportunity to get realistic view on what’s happening. I don’t need big forecasts or promises from politicians, tell me how it is and I can think for myself. So, I highly appreciate your work!
I haven't seen your previous videos "banging on about Core inflation" so I appreciated seeing this one. As some have suggested perhaps you could do it less often e.g. quarterly or half-yearly. Thanks for sharing your insight.
Your channel is the most down to earth, rip through the bullshit we have. Please continue, even if it feels like a rinse and repeat at times. Hopefully one day you'll get to say "good news this month, inflation is finally trending in the right direction for the right reasons" and your viewers who value your analysis so much will know it truly is time to celebrate.
You're the only inflation commentator that I listen too. I now understand the headlines more because you've shown the data behind the headline. I would still follow along if the information was in the newsletter.
I've just watched Channel 4 News and some presenter in a nice suit is sitting there saying "the end is in sight for the cost of living crisis". Mate, prices are 20-50% higher, wages are still where they were in 2008, and we're in recession. No wonder this country is fucked.
You watch Channel 4 news and don't think their reporting is accurate? There's a shocker... quelle surprise 🤔🙄
What was the minimum wage worth in 2008 and what is it now? For the bulk of 2008 it was £5.52 and next month it will rise to £11.44.
the media - television and newspapers ar enow too fond of glib and glossy comments - they have forgotten what journalism actually is
@@auldfouter8661not everyone is on minimum wage. The middle earners wages are not moving.
@@auldfouter8661and what did £5 buy you in 2008 vs what it buys you today especially looking at the price of the things that someone earning minimum wage typically has to buy. Inflation is a smoke screen and is manipulated to suit a specific purpose. Make no mistake only a small section of society is better off and that’s the very rich.
Too true, Damien, brother. Inflation is compounding, something that is hidden from consumers given inflation only relates to a y/y ratio.
Our mortgage interest each month went from ~£250 to ~£900 a month.
And this why I never get a big loan. What you pay back shouldn't change.
I like the inflation videos because you look into the detail of an item in the news and give a real world view of what it means without the media spin. If you don't do these any more, maybe look into more positive financial news stories and give your view on them and the stats behind them.
I personally appreciate these videos and their frequency, I recognise that they're feeling a bit samey, but I do truly appreciate hearing you speak on this subject, I'd be disappointed to see the videos go and be replaced with community posts/newsletter updates :)
Your information is invaluable and one of the very few ways to get an accurate and honest picture of the economy. I don’t trust main stream press and I certainly don’t trust politicians so please continue.
Hi Damien, big fan of the channel. You mentioned you read every comment so I thought I'd share my thoughts. Please don't stop making these videos, for me I am interested in the truth behind the data, negative or not the truth is what I want. And I was moved by the attack you suffered, it has effected someone I know. Your attitude and outlook is testimony to your character. Keep it up. Rav
Hahah, your sign-off comment was hilarious. Cheers, from a fellow midlander😂
People dont understand that the prices of things are never going back down. This inflation is deeper than we think. Those buying groceries are well aware that the real inflation is much over 10%. The increments dont match our income, yet certain investors still earn over $365,000 in stocks and assets. Wish I could accomplish that.
Very possible! especially at this moment. Profits can be made in many different ways, but such intricate transactions should only be handled by seasoned market professionals.
Finding yourself a good broker is as same as finding a good wife, which you go less stress, you get just enough with so much little effort at things
Brian demonstrates an excellent understanding of market trends, making well informed decisions that leads to consistent profit
I'm surprised that you just mentioned and recommend Mr Brian Nelson. I met him at a conference in 2018 and we have been working together ever since.
Sounds interesting. I was planning to invest some few £ in some coins, stack them up and leave them for a few years, but seeing this changed my mindset. Thank you very much
No - very important things being said that people who have vote need to know
I watch whatever you post! Its all interesting and helps my trading/investing.
You wanna feel good Damien? Have a look at the inflation in Argentina (where I am from) around 270% per year!
Capital Economics are predicting a potential rate cut in June off the back of CPI dropping below 2.0% in April (below expectations).
Will be interesting to see what happens; 10Y gilts have moved up slightly in price in the last couple weeks.
Not a negative video at all, it’s great that you actually cut through the crap politicians and media try to feed us.
I really hope you continue making this type of content. For me, whenever an announcement is made about inflation or interest rates etc, I jump to your channel to see if you've covered it. I've yet to find someone who covers what is a complex issue in such an easy to understand manner. The mainstream media just can't be trusted to cut through he BS the same way you do. You're hard work is appreciated, please keep it going and thank you 👍
i prefer to be aware of yhe negative points
unrelated to the video Damien but that tshirt is really nice
Just signed up for your newsletter, thanks!
Same here
Maybe quarterly updates would be nice?
I think a periodic video is a good idea. Because although knowledge on inflation is important there is nothing we can do about it. Unless everyone wants to give there time essay for free.
I think the community wants you to carry on making these videos. As others have said, it’s the truth and something that we should be aware of. Id rather hear it from you than some corrupt politician.
I would appreciate you continuing updates on the data. It can be shorter but i like when you put them into context
Dunno dude. Appreciate you telling it how it is tbh
I’m looking forward to Dune 3 where they go into service inflation numbers.
Video on the economy of Arrakis, please!
Dune 2: As a big long time fan of the books I say it is the definition of Epic!
These videos are the ones that made me find the channel, and I keep watching them because they're very useful in understanding where interest rates are going next and what's behind that. Hope you enjoyed Dune 2 as much as I did!
I enjoy these updates. Mainly as I don't use social media, and I do read BBC articles, but often I don't go out of my way to investigate the info in depth the way you do. I'd also be happy with a community post, but thought I'd add my opinion!
Wages are prices. It is the price of labour. Tax is also your biggest living cost.
Damien. You do a great job in bringing some of this complex stuff to a wider audience. I personally love what you do but if it is making you feel low, which I feel it does, you should take time out. I don’t want you too, I LOVE your content. Take it easy. Top man. If nothing else, I have started an ISA since you were on my iPad and this a great thing.
Please keep it up mate your information is valuable to everyone in the UK!
Please keep these updates going through these videos!!
Great video. Maybe do one on inflation in Arrakis?
I would still like to see updates on inflation. Appreciate that it’s not a positive story and may not be for some time but knowledge is power, especially in the current climate. The more informed we are (even when the news isn’t positive), the better. Also, your explanation of finance translates well for people like myself and others, who do not have a finance background. 🙏🏾
I really like these videos, please don't stop making them.
We need your honest and realistic viewpoint to counter all the bs Damien! Keep em coming!
Love your videos!
You are right, no need to continue with the inflation updates just so we can feel worse about our finances. You could do a piece about it when the trend reverses or there are some groundbreaking changes/developments.
Whatever you decide, looking forward to seeing the next thing. Thank you.
maybe one final harrah with Sasha absolutely laying into inflation data. That`d be fun. Seriously though, I agree this particular subject has been covered alot and it may indeed be time to cover some positive subjects. Not sure what those would be though...
This was an absolute belter 😊
Keep them coming, great job!
People forget, food price inflation is only an average anyway. Dairy has gone up way above inflation. The cheapest tin of tomatoes used to be about 25p, and now it's at least 35p - 40% in a couple of years. As for extra virgin olive oil, that is now like drizzling gold juice over your salad.
You are not a negative force/ fear mongerer. Cutting through the BS is important, especially with the amount of spin the media and government put on these things. Even though they have lately been quite samey these videos (and the interest rate ones) are the reason i come to you channel. The savings videos are nice but I'm already putting away as much as i can afford
So grateful to you Damo. Love what you're doing and how you present it. Who would have thought that learning about finances could be interesting, easy to understand, make me smile often and regularly give me a good laugh. Big thank you from one just starting out
I'd do a half yearly or maybe quarterly, maybe?
Your videos reach a wide audience, well constructed and informative. People should want to know about things like this.
I like these updates. Sure less frequently is fine but don't stop.
Let’s just keep an eye on the core inflation figures. If it starts to show a significant indication of changing then perhaps do a video then.
Consider splitting the video in half to consider negatives and positives to try balance it out?
Carry on, we need the voice of sense and honesty.
Love your content! You put things across in an engaging way ! Keep up the great work
I think it's good that you keep these topical videos coming. I know that you'll have plenty of content to cover the ither more positive aspects of finance and help the masses. These videos are equally valuable for many folks like me who just browse the headlines and wouldn't know about the core inflation facts otherwise. I get that you don't want to sound like a parrot on this subject but maybe switch it to a quarterly output until things start changing more rapidly. Hope you enjoyed the movie!
Before watching videos from you and others around inflation, I did not understand the concept of inflation and how it effects my own cash flow. Personally I would like to see these videos periodically and how for example real wages growth is effected especially when the head line rate is 3.4% but the stuff that effects me is higher. I have never really known any thing other than low inflation being born in the 70ies, so I would like to see more.
Continue the inflation vids just make them short and to the point 👍🏻
I think you are doing a great job and it’s not negative to explain a situation that impacts people’s lives👏
A lot of friends I’ve spoken to about inflation and finances in the last year feel like me: “How is it that I’m earning more money than ever, but feeling considerably less well off?”. The main answer is that very few people will actually have a personal inflation rate of whatever the headline figure is - just like using BMI to assess health/weight…it’s designed predominantly to assess a population rather than an individual. Your videos on this subject help remind and reassure people that they’re not alone. We may not be going through a world war, the ‘standard of living’ may be higher than ever, but things are tough right now.
It's really useful to see what the breakdown of what makes up inflation and I'm not the only person thinking about the inflation merry-go-round of interest rates go up, housing gets more expensive, inflation goes up, interest rates go up... Not coming down is it. I think until government bans booking fees and ERCs as being anticompetive nothing will change as people are penalised for long term fixes.
I understand that it's not good but I think the rates and inflation story is "starting" to affect house prices which tbh is a positive in my view they've been too high for too long and need to come down.
I agree with most of the comments so far. I am relatively new to all this and found it extremely helpful . I understand you might feel you are saying the same thing over and over but it is nonetheless interesting. Remember there are always new people joining who haven’t heard this and it will be new to them.
Politicians need to take a more proactive educational approach like you are doing, but they never will as it suits their agenda for people not to understand what they are saying.
Keep informing, and educating it’s inspiring !
I like these videos, updates are useful but maybe condense into 5min however. Straight to the point
Keep these updates coming I like, like so many do, do finding them very informative
In Australia many of us have been commenting on the double whammy- that is rising inflation with product size or weight reducing in supermarket and cafe goods, chocolate manufacturers for example increasing prices but making smaller bars , same in some sushi restaurants etc
I think you need to keep covering it every so often. It's clear the news and politicians try to sweep it under the rug and make it sound good, whilst you shine a true light on it and keep us all updated with what is actually going on.
It is about time the Government did something about the in-contract guaranteed price rises of CPI/RPI+4.99% every year that a lot of the media service providers bake into their contracts. Also the rises in council tax every yea4 are beyond the pale. My regional mayor that we don’t need costs me £193 per year.
I think it’s important to keep shining a light on what is happening in the UK regarding inflation. I find your channel very informative. You can’t post positive videos about that UK economy if for the majority of people they are being lulled into a false sense of security to encourage more spending. Please keep making informative videos. I live in Liverpool where the homelessness is out of control. They have derelict streets of perfectly good houses sitting there, as this government fails to act. Not building enough homes, forcing people to take out insane mortgages as the cost of houses rise. This rhetoric about things getting better is all about trying to make this government we have had for 10 years look like they are taking action near election time. They have failed to meet any of the housing targets and destroyed social housing. But minimum wage is going up by £1 in April, but a block of cheese costs nearly £5!
Someone needs to highlight the rubbish being spouted by mainstream media.
Keep up the good work!
Service inflation will always be over core when they all have RPI+3% increases written into their contractsm
The other thing is that employers are not always matching pay rises to inflation. Wage growth has been good for those people at the lower end, but not necessarily for everyone. I got a zero pay rise this year despite a decent performance rating - that said, I am a senior manager on over twice average earnings.
Yes waiting for BoE to bring interest rates down to help UK and now fixed mortgage deals not great and so have to absorb that increase because of their mismanagement of our economy. You are right index funds and positivity is way to go so we can kind of have some control
It is very helpful to get behind and underneath the numbers and to decode the political sound bites. This needs repeating. Different people join your channel at different times. There are millions of us out there who do not have even a basic understanding of the things you try so hard to teach us.
Thank you for the video. Personally I find these updates very useful in video format
Luckily , the spring and summer are just around the corner so hopefully people will stop talking and banging on about the " cost of heating their home " for 6 months.
I feel so much better informed since I’ve started watching your videos. Thanks to you, Damien, I’ve started investing and feel less on edge about the future. Keep up the good work buddy!
Great update Damo. Level headed overview compared to a lot of what we see on YT. To be fair with your comments about the BoE being late to the party, they were one of the first major central banks to start raising rates, but didn't go as hard as some of the others *cough* the fed.
As someone who purchased a house in COVID as a first time buyer I'm one of those who has been hit with a remortgage on a BIG loan and whilst I could handle it, I can imagine so many who would be on their knees.
Enjoy Dune 2 - I loved it, just don't spend too long thinking about all the loss of key infrastructure that happens in the battles and what that will do to core inflation with a reduced spice flow
Your channel was the one that inspired me to start investing.
I personally think you are right in going back to being the channel of positivity.
There are plenty of channels out there who cover this stuff and I'm not saying you don't do a good job but I believe you are a better source of positive inspiration than a reactionary news outlet.
Still no Andrew Bailey T-Shirt 🥲
@5:05 wage-price is the correct term. real wages started rising high at the start of pandemic because:
a) oil prices dropped
b) furlough program
Inflation only started rising in march 2021, one year after start of lockdown.
yes, im sick of it in the news constantly. mnoday inflation up!!!!, tuesday inflation down!!!, wednesday technical reccesion!!!. its just non stop how can they report this stuff almost daily its like new investors watching their stocks everyday like a day trader but not actually buying or selling.
PS: Optimism is guided by reality, and so this vital information which can be shared should remain part of your data sharing and helpful explanations.
It’s useful mate maybe a short update every so often
Hey Damo, carry on with the videos they are informative. As for Dune, I struggled with the first one, think I'll give the second a wide berth
I tried explaining to my mother-in-law why 6% rates now are the same as 15% back in the 80's. I gave up before she did alas.