Wednesday, Aug 02, 2006

Please Uncle Tom, be wrong.

Guardian: Shop prices surge

Not a suggestion that commercial property prices are flying high - but a sign that high energy prices are perhaps feeding through to the high street. Much more evidence than usual to sway the MPC to a rate raise - assuming that is that they don't do their usual 'turn up with a crate of lager, tell a few jokes, laugh about how much they get paid and announce no change before waving goodbye and promising to be more constructive next time'

Posted by inbreda @ 04:05 PM (480 views)
Add Comment
Report Article

7 Comments

1. denzil said...

I think the MPC actually meet for three days before announcing their decision.
I think tomorrows decision is already made and the MPC are sat around smoking herb and playing on the PS2 as I write.
I'm with Tom, they will hold.

Wednesday, August 2, 2006 04:39PM Report Comment
 

2. paul said...

I can see the allegations of "they're doing bugger all" flying arouynd the papers the day after tomorrow. Not what they'll want. There will be jokes that Blanchflower doesn't know the price of a loaf of bread in dollars or pounds, and there's that cheesy "Uniting Nations" sing that will be played on Newsnight when they talk about the IR decision. Their Credibility is on the line, a year of no change, prices leaping ahead, wage inflation.

Now back to that song, which goes ...

You're out of touch
I'm out of time
But I'm out of my head when you're not around
You're out of touch
I'm out of time
But I'm out of my head when you're not around

You're out of touch
You're out of touch
You're out of touch
You're out of touch
You're out of touch.......

You're out of touch
I'm out of time
But I'm out of my head when you're not around
You're out of touch
I'm out of time
But I'm out of my head when you're not around
You're out of touch
I'm out of time
But I'm out of my head when you're not around
You're out of touch
I'm out of time
But I'm out of my head when you're not around
You're out of touch
I'm out of time
But I'm out of my head when you're not around
You're out of touch
I'm out of time
But I'm out of my head

whoa-ohhhhh

WOW!....

You're out of touch
I'm out of time
But I'm out of my head when you're not around
You're out of touch
I'm out of time
But I'm out of my head when you're not around
You're out of touch
I'm out of time
But I'm out of my head when you're not around
You're out of touch
I'm out of time
But I'm out of my head when you're not around

You're out of touch
You're out of touch
You're out of touch
You're out of touch
You're out of touch.......

Still in the 0.25% rise camp, me.

Wednesday, August 2, 2006 05:44PM Report Comment
 

3. harold said...

Paul, song seems a bit repetitive - I prefer Mozart, or, if I'm feeling patriotic (which is very rare these days), Elgar.

Have a look at this:

http://newsvote.bbc.co.uk/2/shared/fds/hi/business/market_data/currency/11/13/twelve_month.stm

Sterling's performance against the dollar over the past week or so is similarly impressive. It's clear, therefore, that the markets are expecting a rise - do they know something we don't? Probably not. However, if the MPC don't raise, it is unlikely to be a unanimous decision and a rise in September will be on the cards (for sure?). Personally I think the MPC are either suffering from collective mental paralysis, or are drunk on their apparent success of doing sweet bug*er all. It's too close to call, but UT is probably correct, alas. Any thoughts that Blanchflower, being a Yank, might actually have a conflict of interest - the last thing he would want is to see is the $ slip further against the (unless of course he gets paid in s).

Wednesday, August 2, 2006 06:17PM Report Comment
 

4. bidin'matime said...

I'm sure that they will make more noises to the general public before they put up rate. If it does go up tomorrow it will be a big shock for the public - and so much the better.

Wednesday, August 2, 2006 08:17PM Report Comment
 

5. paul said...

The song is repetetive.

Lets see if the tune changes tomorrow!

Wednesday, August 2, 2006 11:46PM Report Comment
 

6. Blindleadtheblind said...

I vote for a rise. Can you imagine if the vote was unanimous, wouldnt that spook the markets!

Thursday, August 3, 2006 07:09AM Report Comment
 

7. Time To Raise Petrol Prices said...

I'm trading GBP/EUR this lunchtime, so I'm expecting some fun either way!

Thursday, August 3, 2006 09:24AM Report Comment
 

Add comment

  • If you do not have an admin password leave the password field blank.
  • If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
  • Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
  • Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
  • Please adhere to the Guidelines
Username  
Admin Password
Email Address
Comments

Main Blog | Archive | Add Article | Blog Policies