Monday, April 20, 2009
Inflation in goods which typically fall 10% a year
Recent purchasers of MacMinis might be pleased to know that there was a 25% price increase. Whether or not this is a one-off effect due to sterling devaluation through artificially low interest rates, or the emergence of a general inflationary spiral remains to be seen. Rising unemployment and high inflation, the heady mix only possible under Labour governments. But against the losses of UK housing stock? The new gold will be white goods and cars older than 9 years.