Tuesday, Sep 14, 2010
The quarterly inflation reports are just propaganda aimed at psychologically managing the population
Market oracle: UK CPI Inflation Stuck at 3.1% Against Bank of England's Forecast for 1.6%
According to the Bank of England's forecast for UK inflation as of Feb 2010, CPI inflation by August should have fallen to about 1.6%, instead it is at 3.1% (see graph), with the forecast for inflation to fall to below 1% by the end of 2010 and magically always converge towards 2% in 2 years time which fails to occur 96% of the time.
Posted by hpwatcher @ 07:06 PM (259 views) Add Comment
1 Comment
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1. Yoss said...
One of the best UK analysts going.