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Official Statement From O E C D Released: Inflation Is Under Control

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OECD's Gurria says inflation under control
International.8:51, Wednesday 26 January 2011
LONDON (Reuters) - OECD Secretary-General Angel Gurria said on Wednesday the government needed to stick to its deficit-cutting plans and he believed inflation in Britain was under control.

And the scary part is that the OECD's track record is among the best in the world --with the IMF, CBI, BoE etc not even coming close.

Its a strange thing but my few remaining bond funds have started picking up in the last couple of weeks and this does not happen where inflation is seen as a threat. Can the market EVER be beaten?

This means the recession-depression will take care of it. Not so good. Time to unload inflation hedges if this has not already been happening since Crimbo. :o

Edited by Realistbear

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An OECD bod was on the radio this morning, I couldn't believe the rubbish they were spouting. One more for the muppet list.

Anyway, of course its under control, their target is 10% +/-10%. Didn't they tell you?

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  • 284 Brexit, House prices and Summer 2020

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