tegs07

rue des tempêtes - the young gods

What’s Richard Hammond doing fronting the Arctic Monkeys?

town called malice - the jam

nite klub - the specials

sick, sick, sick - QOTSA

blister in the sun - violent femmes

These Tributes must be some of the best value basses out there atm.

electro-shock blues - eels

lucky i got what i want - jungle

closing time - tom waits

into the valley - skids

been caught stealing - jane’s addiction

powertrip - monster magnet

waiting around to die - townes van zandt (or be good tanyas).

my baby just cares for me - nina simone

young man’s blues - mose allison

CNC made instruments only become really cheap when they are made in volume. I expect these are very limited runs as I have never seen one for sale in a music shop, online or being played live ever. Until this thread I had no idea they existed.

tales of brave ulysses - cream

Dirty Dianna - Michael Jackson

**For quick answer skip to the bottom** There are arguments that any overall increase in the money supply is inflationary. Where, who and how that money comes from does not matter. That’s pretty much my point about QE which was basically “printing” and increasing the overall volume and velocity of “money”. This money found its way directly (purchasing on the high street) or indirectly (purchasing of assets such as property) into the economy driving prices up as well as propping up the price of government bonds. As the supply chain was broken due to recession in 2008 and again during Covid the effects were exasperated as more money was chasing fewer goods and services. The Ukrainian situation has also had a massive impact. Central banks have a very blunt tool to curb the increase in prices and that is hikes in interest rates. The theory being people will stop spending and the economy will contract rather than grow. Usually the indicators lag resulting in a recession. Its worth remembering also the government have no money other than what is raised by taxation. The rest is debt - effectively gilts sold to investors. When inflation is high investors will not want to buy gilts (government i.o.u) without an additional premium. Who wants to tie up money for 2 or 3 years at 4% when inflation is double that? ”Printing” is not a normal state of affairs. Raising money through taxation and bond sales is the norm. QE was supposed to be an emergency measure and one that is having delayed ramifications. The government didn’t “print” rather central banks did on their behalf. They basically electronically created credit (bank reserves) to purchase government bonds. The aim was to provide a crutch to support gilt prices and the long term aim was to sell the bonds on to 3rd parties when they hit maturity and had to be paid back. (i think this is correct? someone clarify if not please). In a similar way high street banks also need to raise funds to offer mortgages. Some comes from existing lending deposits and loans (reserves) but the rest needs to be raised in the money markets. With inflation and more importantly inflation expectations so high these banks are facing a premium to do borrow and this is being passed back to borrowers in terms of much more expensive fixed rate mortgages. Inflation when it is entrenched can destroy an economy. ****IF YOU want to skip to a quick answer: To be very brief governments don’t print they tax. Any gaps between what they can’t raise in tax and what it costs to run the country (the deficit) is financed through selling bonds (debt which has to be repaid). Any* cash that finds its way into the economy will lead to inflation. Some inflation is seen as positive. (Why bother to innovate or be productive if your money makes the same stuffed under a mattress) but when inflation gets out of control (too much cash chasing too little goods and services) it causes havoc. To tame it you need to either contract the money supply (tighten credit and restrict spending) or turbo charge the goods and services produced (Truss wasn’t totally mad just utterly delusional). *wages ** lottery wins *** booming property market etc Edit: The above is a simplified answer so has some omissions.

don’t let me down - those 4 scousers

Japan has suffered decades of deflation, largely as the result of letting an asset bubble get totally out of control and then collapse in the early 90’s. We may well follow them. One thing that surprised “experts” however was that with the decline in economic growth and stagnation in wages the overall “happiness” of the population actually increased.

Sure it can. Just type into ChatGPT “write me five paragraphs of cliche ridden gibberish with random references to Lord of the rings” ….. ducks and runs for cover

heavy soul - paul weller