Thursday, September 20, 2007
The imaginative number!!
Fall in inflation clears way for rate cut if market turmoil continues
Inflation is so fiddled.... you'll know we were right when they suddenly add the cost of housing to inflation. That day can't be far off.
Posted by inbreda @ 09:17 AM (754 views)
4 thoughts on “The imaginative number!!”
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Mark says:
can we start a petition about this??
dohousescrashinthewoods says:
I’m just waiting for a clear gold trend to develop before switching out of the pound
tyrellcorporation says:
Do houses…me too, or at least part of my stash.
also sold to rent says:
RPIX is 2.7, still above the old 2.5 target, so I wouldn’t exactly say inflation was ‘low’ and that the rate hikes had been overdone. King always said we’d see a sharp drop off in inflation toward the end of the year as the old gas and leccy price hikes fell off the radar. He knows as well as anyone that with oil at 82+ there’s more inflation to come and a rate cut would be a mistake, just as it was in 2005.