Monday, Jul 10, 2006

MPC are a dubious bunch

Guardian: Doing nothing seems to have worked

Job available for lazy economist who is happy to target a useless measure by doing nothing and getting paid 100,000 a year.

Interesting alternative measures of inflation.

Posted by inbreda @ 09:05 AM (627 views)
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5 Comments

1. talking rot said...

Sorry for the long quote but the following is interesting: The Bank models pointed to the exchange rate coming down and, therefore, the cost of imports going up. But it was wrong. The pound stayed high, imports remained cheap, and inflation persistently undershot the government's target.

I wonder how many other of the Banks mondels will be proved wrong?

Monday, July 10, 2006 09:39AM Report Comment
 

2. Mortgage Master said...

Read the article in it's correct context - the writer is not out to slag off the MPC and even sets out the three most likely causes for keeping the base rate on hold, and is correct in all three. The economy is a complex series of relationships, which at the moment is putting a squeeze on regular consumers whilst not offering a sustainable model of growth - do your homework people. Scaremongering the likes of which appear on this site do no-one any good.

Monday, July 10, 2006 11:29AM Report Comment
 

3. Kpjcomp said...

Hi Mortgage Master.

I'm pretty new to this website, but your comment on scaremongering seems a bit harsh, from what's I've seen from this website I'd say they have done a lot of homework. They provide Stats for everyone to see, even possitive & negative. Sometimes it suprises me how middle of the road some comments & info here have been, especially when the site is after all called housepricecrash. What makes your comment even worse, is that the media is full of possitive spin allready, and when a site like this appears don't you think is refreshing? I even often seen posters here come in and reject people when they do scaremonger. So please before you post your comments about doing your homework, I'd suggest you do yours first and check out the website, and don't react so much on the URL.

Monday, July 10, 2006 12:15PM Report Comment
 

4. inbreda said...

Mortgage Master - who was scaremongering? I don't understand what you are talking about or who you are accusing. Very odd. You wouldn't happen to be a member of the MPC embarressed at earning so much money whilst being reported about (tongue in cheek) as lazy? If you are, can you give us a hint as to when you're going to raise rtes please?

Monday, July 10, 2006 02:07PM Report Comment
 

5. This comment has been removed as it was found to be in breach of our Blog Policies.

 

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