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Economies evolve. Data is revised. It is this sense of change that is disturbing to policymakers

It seems there are hard time ahead......

Mervyn King, the Governor of the Bank of England, used to talk about the "Nice" decade - 10 years of Non-Inflationary, Consistently Expansionary economic performance. All of a sudden, however, inflation in the UK has picked up. Why?

http://news.independent.co.uk/business/com...icle2611770.ece

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Interesting how he picks up on companies finding pricing power.

Adam Smith also picked up on this aspect of inflation and wrote about it in the 'wealth of nations'

He stated that when profits rise, due to inflation, this is the nastiest inflation stage to witness, unlike wage inflation, as firms with pricing power create accelerating inflation.

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Interesting how he picks up on companies finding pricing power.

Adam Smith also picked up on this aspect of inflation and wrote about it in the 'wealth of nations'

He stated that when profits rise, due to inflation, this is the nastiest inflation stage to witness, unlike wage inflation, as firms with pricing power create accelerating inflation.

But we've had massive pricing power from the suppliers of houses (new or resold) and yet people have let this go without argument. I can't believe wage demands have not been higher due to HPI.

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they'll look for ANYTHING to distract the public from the fact that inflation has been caused by rampant money supply

everything would start to unravel for the privately controlled central banks if the people started questioning how money is created....

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Interesting how he picks up on companies finding pricing power.

Adam Smith also picked up on this aspect of inflation and wrote about it in the 'wealth of nations'

He stated that when profits rise, due to inflation, this is the nastiest inflation stage to witness, unlike wage inflation, as firms with pricing power create accelerating inflation.

Why doesnt Gordon tell the CBI union for bosses to keep prices down, like he tells workers to restrain wages

to 2%, for the sake of the economy. Seeing as they gain most of the benefits of a healthy economy, you would think they would, but no, they want their cake and eat it.

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