Sunday, Sep 23, 2007
Rates on their way down? Or are they?
Sydney Morning Herald: Inflation in China builds up steam
"Why does it matter? Because if the US falls into recession then only China can stop the world from going down with it. And whether China can hold up the world economy depends on how Wen responds to the most serious outbreak of consumer and asset price inflation in more than a decade."
Also: Rate rise in Australia still a possibility, and arguments there seem relevant to here: http://www.smh.com.au/news/business/rates-rise-still-a-possibility/2007/09/23/1190486137172.html
Posted by planning4acrash @ 09:58 PM (418 views) Add Comment
5 Comments
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1. planning4acrash said...
China moves to curb price hikes ahead of national holiday: http://www.chinanews.cn//business/2007-09-22/39735.html
China might further raise interest rate: http://www.chinanews.cn//business/2007-09-18/39612.html
Housing mortgage loans face rising risks: Report: http://www.chinanews.cn//business/2007-09-21/39698.html
2. david20040_0 said...
Chinese inflation is unlikely to affect us though.
3. planning4acrash said...
David, how many of your consumer items are brought from China? How could this not affect us?! Particularly if Sterling looses value.
4. tyrellcorporation said...
'Chinese inflation is unlikely to affect us though.'...Doh!
David, if a TV made in China goes from being £20 to £30 to produce do you think that price rise will be reflected in the UK high street price?
5. Impartial said...
David, either you are being sarcastic (and I hope you are) or you are the thickest person who's words are the most ignorant dumbass bulltuurd I have ever had the displeasure of reading.