Monday, July 14, 2008

Another Nail in the coffin of Gordon’s Economyth

UK factory gate inflation surges

"Economists said the year-on-year increase of 10 per cent in the prices charged by manufacturers increased the risk of a knock-on effect on consumer price inflation, the measure the Bank uses to decide monetary policy." Sound fundamentals - what an economy, what a myth.

Posted by renting2 @ 08:41 PM (655 views)
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2 thoughts on “Another Nail in the coffin of Gordon’s Economyth

  • Stoatgobbler says:

    Inflation targeting is to us what the gold standard was to the 1920’s. Disastrous!

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  • The CPI is becoming a public farce – a measure of official denial rather than inflation.

    I don’t know what the next act in this play will bring from the MPC but I’m sure it ends in tragedy.

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