TPP437: The wealth secret: Long-term inflation
The Property Podcast
Rob Bence & Rob Dix
4.8 • 2K Ratings
🗓️ 29 July 2021
⏱️ 29 minutes
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| 0:00.0 | Hey everyone, Robby here with RobD, and you are listening to the Propsy Podcast. |
| 0:06.8 | Now, I'm hoping the title has captured your interest because it should, because I truly, |
| 0:12.4 | truly believe, and I'm sure you'll agree by the end of the episode, that this is one |
| 0:16.0 | of the most important podcasts we've ever created, and if you understand this week's |
| 0:21.4 | episode, then you really do understand the wealth secret. |
| 0:30.9 | Welcome to the Property Podcast, where every Thursday, property investors come to be informed |
| 0:35.5 | and inspired. Such an important episode today. It may leave your brain hurting in places, |
| 0:40.8 | but it'll be worth it, I promise, because the difference to your wealth from |
| 0:44.4 | understanding this and acting on it, or not, is going to be dramatic. |
| 0:48.8 | So make sure you do stick around to the end, and to reward you when you get that far, |
| 0:52.4 | in Have Extra, we've got a TV show that's going to help you relax a little bit. |
| 0:56.8 | So this week's new story comes from the FT, and the Bank of England are urged to |
| 1:01.3 | spell out plans to curb inflation. Rob, this new story is very timely for us. |
| 1:07.0 | It is. We said last week that everyone was talking about inflation, and suddenly it's getting a |
| 1:11.1 | lot of attention after being ignored for quite a long time. And indeed, the House of Lords |
| 1:16.1 | have got in on the act. Their Economic Affairs Committee have been questioning the Bank of England, |
| 1:21.6 | and have said that it needs to provide a better justification for believing that the rise in |
| 1:25.4 | inflation is temporary. And this story is actually the perfect bridge between last week's |
| 1:29.6 | episode and this week's episode. Because last week we were talking about all the temporary |
| 1:33.6 | factors that are currently in place that are producing inflation right now. The kind of supply |
| 1:38.4 | demand imbalance that excores for various kind of mainly COVID-related reasons. And those are the |
| 1:43.4 | reasons that the Bank of England are saying, yeah, we've got inflation now, but don't worry, |
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