Sunday, Nov 11, 2007
If the BOE cut rates, look what we'll be importing more of!
BBC News: China moves to cool its inflation
Chinese inflation hit 6.5% in August, its highest level since 1997, before declining slightly to 6.2% in September.
October's data, which is out on Tuesday, is expected to show that inflation has risen again to 6.4%.
The UK and USA are painted into a corner. Stagflation, stagflation, stagflation !
Posted by c'mon correction @ 09:27 AM (243 views) Add Comment
1 Comment
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1. Stoatgobbler said...
And how do you see that benefitting you, exactly?