Thursday, June 19, 2008
No light on the horizon
More doom and gloom predictions for family life. It does interest me that since the inflation figures were released this week, numerous comments have suggested that the current situation is not a return to the bad old days of the 1970's 26% inflation era but can anyone tell me what the CPI/RPI equivelant measuring barometers were used around that time? It is my opinion as well as many others that inflation is well above the current 3.3% quoted this week, if we used 1970's measuring criteria for inflation what I wonder would be the expected result?