Thursday, June 12, 2008

The pressure is mounting up now!

Inflation expectations rise sharply

"Public expectations of inflation have risen dramatically in the last few months, increasing the likelihood that the Bank of England will countenance a prolonged period of sluggish growth to bring inflation back to target, a survey showed on Thursday." - I think most pople still expect IR toe stable this year; it's gonna be mayhem and a complete freefall in the housing market when boe are forced to raise IR this autumn.

Posted by scandinavian pessimist @ 10:09 PM (489 views)
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