Jump to content
House Price Crash Forum
Sign in to follow this  

Interesting Article Casting Doubt On Inflation Figures..

Recommended Posts


Wolfgang Münchau basically saying that he doesn't believe US inflation figures...

Extracts below....

"Experts, and this applies to economists just as much as any engineer or scientist, often dismiss public comments about their subject area with varying degree of snobbish arrogance. This is particularly true about the debate about inflation. It is all in our heads, they say. The numbers don't lie. The statistics are correct. We are unstable, not the index.

Well, I have my doubts - and this is not a psychological argument, but a statistical one"

"Even if we are sceptical about some of those numbers, let us at the very least have an honest debate about inflation. While an artificially depressed inflation indicator may make life a lot easier for a central bank, we know we cannot fool all of the people of the time. This was just tried in the credit market. Another catastrophic Ponzi game would eventually come unstuck. The last think we want after this credit crisis is over, is for central banks to put up nominal short term rates to 20% to contain runaway inflation. Contrary to popular wisdom in the US, it may be better not to cut them now, as opposed to cutting now, and hiking later. "

Share this post

Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 297 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.