Monday, Feb 19, 2007
Supply of Sterling Rose 12% in Dec
Money Week: Mainstream Finance Gets It Wrong On Gold
Anyone got a spare barrow for that loaf of bread!
Posted by nearly30 @ 12:35 AM (166 views) Add Comment
4 Comments
- If you do not have an admin password leave the password field blank.
- If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
1. Nearly30 said...
Note - 13/02/07 from BBC:
Evan Davis,
BBC News economics editor
"Underpinning all this have been conditions of easy money.
The data for the latest three months shows money supply has been growing at an annual equivalent rate of 9.4% (That is slower than the 15% growth rates seen late last year, but is still quite a pace.) This month's fall after last month's rise begs the question - do we overreact to monthly data?
Somehow, this does not feel like an economy that is struggling, or that is flat on its back."
2. nearly30 said...
Note - 13/02/07 from BBC:
Evan Davis,
BBC News economics editor
"Underpinning all this have been conditions of easy money.
The data for the latest three months shows money supply has been growing at an annual equivalent rate of 9.4% (That is slower than the 15% growth rates seen late last year, but is still quite a pace.) This month's fall after last month's rise begs the question - do we overreact to monthly data?
Somehow, this does not feel like an economy that is struggling, or that is flat on its back."
3. george monsoon said...
if the cash has increased by 12% should this not de-value the pound by the same amount? or at the very least, increase the inflationary figures?
4. harold said...
george monsoon, yep - however, the effect may be delayed, and to some extent is depends on the growth in goods and services. But, yes, on the whole the BoE have good cause to worried about inflation and the strength of sterling in the not-too-distant future.