Tuesday, Nov 17, 2009
Where next?
Telegraph: Devaluation: plenty of pain, not much gain
Is today’s rise in inflation a harbinger of doom, a sign that interest rates will soon rise or merely a flash in the pan?
Posted by alan @ 11:34 PM (477 views) Add Comment
2 Comments
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1. Murtza Ali said...
Sarah Beeny says it all. "The housing market is in a pretty stable state compared to the rest of the economy". mmm
The rise in inflation is reminiscent to the previous hay days when the base rate peaked 15%. The best solution for a business democratic government as ours is to say NO No No to the banks who fuel their own debts but the middle class continue to suffer in silence. Raise the income tax and the thresh hold too and equally protect the pensioners and the less well offs alike Great Britain will always remain Great and as always the avantguarde of innovation.
2. paul said...
If your job has anything to do with fiscal or monetary policy, inflation is *never* a problem or reason to reappraise the agenda. Especially if the inflation is related to asset prices.
The casual observer must think the UK's policymakers are idiots, but casual observers might not always have their own property portfolios to look after as well as their day job.