Monday, Apr 16, 2007
Prices rise 2.9%
BBC News: Sharp jump in factory gate prices
"We should be worried," said HBOS treasury services economist Adam Chester.
Posted by nearly30 @ 11:58 AM (192 views) Add Comment
5 Comments
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1. tyrellcorporation said...
What a mess! Rampant systemic inflation, mad HPI hotspots and £1,300,000,000 in debt with a collapsed manufacturing base. Quite why Sterling is so strong is anyone's guess.
2. Retired Banker said...
tyrellcorporation-
You need to add three zeros to the debt figure.
If only it were that low!
3. C'mon Correction said...
Rate rise in May is dead certain. When will be the next two rate rises is the question? I can see rates at plus 6% within 12 months - unless house prices starting falling sharply in that time.
4. royston said...
TC,
It's the carry trade. Speculators are borrowing at very low interest in Yen and lending at much higher interest rates in places like the UK. There is an awful lot of it going on.
IMHO, the global economy is like a house of cards at the moment and nobody seems to realise it. The fallout is going to be severe.
5. paul said...
Sterling is strong because of short term speculation on interest rates. Exactly the same thing happened to the USD before they realised that the emperor had no clothes.