Wednesday, Mar 25, 2009
Yesterday's CPI numbers were bad; they are going to get worse
UK Bubble: Ten reasons why inflation will accelerate
"The prevailing reality is that the UK macroeconomic framework is a total mess. It is incoherent, irresponsible, and driven by short-term political expediency. Sooner or later, this toxic cocktail of confusion will feed into higher prices".
Posted by inflationwatch @ 05:20 PM (568 views) Add Comment
3 Comments
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1. bidin'matime said...
I don’t disagree for one minute that inflation is around the corner. However, I see several lines on this graph - prices rise, but as this is mainly imported inflation, it squeezes disposable incomes, so we get a further fall in living standards and incomes actually fall in the short term. So ability to buy property continues to fall, pushing property prices down further. Eventually government / MPC wakes up to inflation and realises that interest rates must rise. This further squeezes those in debt and exacerbates the fall in property prices. Eventually people start to put surplus funds into property and prices begin to rise again.. then we find ourselves back in the 1970's... that's when I buy back in...
2. alan said...
This time next year the Fed will be saying that inflation started in the UK, I reckon.
Many non-UK investors are slowly pulling money out of the UK (like Ford, selling land and cutting jobs).
Never mind, another large drop in the exchange rates should force up interest rates in the longer term. That could slow down inflation (and force a 10 year recession winter in the UK)!
3. Wadisgod said...
"Lies damm lies and statistics"
Seasonally adjusted provisional figures for February were as follows. M4 rose by £28.8 billion, below the average flow for the previous six months of £34.8 billion. The twelve-month growth rate rose to 18.8% from 17.4% in January.
Yes money supply is marginly up but considering the amount that has been thrown about these figures are shocking. Now king and Brown are starting to wake up to the fact that this connot contiue!!!
Gold was up to $1000+ so it has fallen!
U.S. petrol supplies are at a fifteen year high!!!
Wait for the Euro to plunge then see who wants sterling assets, and see what happen to euroland imported inflation.
China has just added 3million to its 20million migrantxwork force.
Japan's exports have just plunged 49%.
U.K. unenployment to hit 4million.
Euroland about to disintigrate
Inflation don't think so!!