Monday, April 23, 2007

A May rate hike will be too little, too late

Inflation panic grips Fleet Street

It really is fascinating to watch how the Bank of England’s breach of what is, after all, a fairly arbitrary inflation target, suddenly has previously sanguine economic forecasters throughout the press shrieking for immediate action. Trouble is, it's already too late.

Posted by mary @ 04:39 PM (705 views)
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4 thoughts on “A May rate hike will be too little, too late

  • It was too late about five years ago to avoid boom and bust. As I’ve said before (but I don’t mind repeating myself), the system of easy money is a scam to get as many people in debt as possible in order to bleed them of their labour. The British public is a crop to be harvested every 15-20 years. Will we never learn?

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  • Whiteknight says:

    no

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  • Buyers need to detatch from the media flow, then pause and dont rush, then watch the tears of other people who believed honest John.

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  • Randomkevlar says:

    i think the bit about the rate cut in august 2005 being the sign that merv had lost control is spot on, can you imagine poor old merv saying all day, ‘guys, i really think a rate cut now is a bad thing’ and then 5 of the bastards (the follow the gorde, not the shoe brigade) bloody well voted for a cut, Bothered, I bloody well think so!!

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