Red Baron Posted February 13, 2007 Share Posted February 13, 2007 2.7% is still way over the target of 2% which the MPC is obliged to honour as its remit. If IRs fail to rise next month then I think we must all accept this as a tacit admission that 3% is the new unofficial target. The problem is the constitution of the MPC, loaded with Brown's 'Bum Boys'. Quote Link to comment Share on other sites More sharing options...
hezzaa Posted February 13, 2007 Author Share Posted February 13, 2007 2.7% is still way over the target of 2% which the MPC is obliged to honour as its remit. If IRs fail to rise next month then I think we must all accept this as a tacit admission that 3% is the new unofficial target.The problem is the constitution of the MPC, loaded with Brown's 'Bum Boys'. Im not sure what la la land you live in where you think any economic group could control inflation that it always hit 2% Thats why there is a buffer of 1% up or done- inflation must stay between 1-3% with a target of 2%. Any variance below 1% and above 3% then this would be considered to be out of control as Inflation is a long way from target. Having kept inflation within this zone throughout the last 10 years I dont think they have done badly. Im sure however you think all the figures are made up as everybody who isnt a bear is conspiring against you?! Quote Link to comment Share on other sites More sharing options...
Guest grumpy-old-man Posted February 13, 2007 Share Posted February 13, 2007 (edited) At least it wasnt a ridiculous bear anti VI SPIN comment. Lets see what happens in the next few months then we will have a clearer picture of what it all means HPC or HPI cheers for that. I don't believe any stats that are available, whether they are BULL or BEAR, I trust my own judgement only. edited to add - actually if I'm being totally honest, I would be a bit inclined to believe the bearish statements & stats as they normally come from people who aren't out to make money. Edited February 13, 2007 by grumpy-old-man Quote Link to comment Share on other sites More sharing options...
Guest pioneer31 Posted February 13, 2007 Share Posted February 13, 2007 Im not sure what la la land you live in where you think any economic group could control inflation that it always hit 2% Thats why there is a buffer of 1% up or done- inflation must stay between 1-3% with a target of 2%. Any variance below 1% and above 3% then this would be considered to be out of control as Inflation is a long way from target. Having kept inflation within this zone throughout the last 10 years I dont think they have done badly. Im sure however you think all the figures are made up as everybody who isnt a bear is conspiring against you?! and you believe the figures? well it doesn't surprise me. Most of the population can't do simple Maths. They are SO EASY to hoodwink. Lie about inflation for a decade and they're happy as Larry. Introduce a VISIBLE tax (eg poll tax) and they all start rioting Brown isn't the world's best magician and he doesn't need to be as long as he is chancellor in the UK Quote Link to comment Share on other sites More sharing options...
Casual Observer Posted February 13, 2007 Share Posted February 13, 2007 cheers for that. I don't believe any stats that are available, whether they are BULL or BEAR, I trust my own judgement only. How will we ever settle the argument then? We'll only have your judgement as the final arbiter! Quote Link to comment Share on other sites More sharing options...
Guest grumpy-old-man Posted February 13, 2007 Share Posted February 13, 2007 How will we ever settle the argument then?We'll only have your judgement as the final arbiter! it should be settled by about June imo. Quote Link to comment Share on other sites More sharing options...
EssexFTB Posted February 13, 2007 Share Posted February 13, 2007 You add up like my wife! $57.8 is not $60. Oil prices were $78 during the middle of last year so inflation will come down as long as oil doesnt spring back up. Wholesale gas at 50% of last years price so its all looking good for inflation/dammed VI spin When America wade into Iran in the next month or so after "finding Austrian rifles, supplied my the Iranians in Iraq", im sure oil prices will then soar!!!!! Quote Link to comment Share on other sites More sharing options...
hezzaa Posted February 13, 2007 Author Share Posted February 13, 2007 When America wade into Iran in the next month or so after "finding Austrian rifles, supplied my the Iranians in Iraq", im sure oil prices will then soar!!!!! Because Bush could start a war in Iran with a democratic congress- I dont think so Quote Link to comment Share on other sites More sharing options...
Guest grumpy-old-man Posted February 13, 2007 Share Posted February 13, 2007 Because Bush could start a war in Iran with a democratic congress- I dont think so got to disagree with you on this one.... you could spin a coin on this one, but you would be spinning it for a WHEN not IF Quote Link to comment Share on other sites More sharing options...
Leonard Hatred Posted February 13, 2007 Share Posted February 13, 2007 Because Bush could start a war in Iran with a democratic congress- I dont think so He would present evidence, and the Republocrats would approve it. Just look at all the evidence for WMDs presented four years ago - even though the amount of WMDs in existence was 0. Quote Link to comment Share on other sites More sharing options...
time_and_tide Posted February 13, 2007 Share Posted February 13, 2007 What a lot of fuss! The bulls appear again en masse for nine pages of crowing at their first piece of good news in weeks. Says more about the state of the bull's morale than anything else, I think. If the news was the opposite, I think the hoary old adage 'don't read anything into one month's figures' would be wheeled out fast enough. Perhaps 'clutching at straws' is a bit strong, but only a bit. Quote Link to comment Share on other sites More sharing options...
Guest pioneer31 Posted February 13, 2007 Share Posted February 13, 2007 What a lot of fuss! The bulls appear again en masse for nine pages of crowing at their first piece of good news in weeks.Says more about the state of the bull's morale than anything else, I think. If the news was the opposite, I think the hoary old adage 'don't read anything into one month's figures' would be wheeled out fast enough. Perhaps 'clutching at straws' is a bit strong, but only a bit. I bet many of the bulls are frantically typing away, not realising that they've haven't eaten today. Some may still be in their jim jams. Quote Link to comment Share on other sites More sharing options...
time_and_tide Posted February 13, 2007 Share Posted February 13, 2007 I bet many of the bulls are frantically typing away, not realising that they've haven't eaten today. Some may still be in their jim jams. Yes, it must be such a relief that a crash has been put off indefinately. Can't possibly happen now that inflation has edged down for a grand total of one month and a new trend has been established... can it? Quote Link to comment Share on other sites More sharing options...
BufferBear Bitcoin Bull Posted February 13, 2007 Share Posted February 13, 2007 (edited) http://news.bbc.co.uk/player/nol/newsid_63...bw=bb&mp=wm Real cost of inflation tv report. Edited February 13, 2007 by Buffer Bear Quote Link to comment Share on other sites More sharing options...
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