Saturday, Oct 17, 2009

BOE soon to be left with egg on their faces

Telegraph: Those once called bonkers now point to where the madness lies

A fairly one-sided argument about the UK not entering deflation any time soon. Mostly blaming the new money and banks releasing the spigot and suggesting that there isn't as much of an output gap as economists think there is. Might be right.

Posted by fallingbuzzard @ 10:59 PM (898 views)
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1. Tpbeta said...

"But we've been proven right. September was the low-point for the UK's CPI – and it's still a long way from zero."

Err how does he know it's the low point? Embarrassing.

Saturday, October 17, 2009 11:31PM Report Comment

2. devo said...


Print more money: bonkers


Cut public spending: bonkers

I now know the true meaning of the cliché 'between a rock and a hard place'.

Saturday, October 17, 2009 11:38PM Report Comment

3. fallingbuzzard said...

Its simple. The later you cut, the higher taxes will have to rise to justify the currency. Lots of scope though, I think it just needs to switch to the French system and all the problems will be gone.

Sunday, October 18, 2009 12:47AM Report Comment

4. devo said...

I want all our problems to be gone. What's the French system?

Sunday, October 18, 2009 01:29AM Report Comment

5. fallingbuzzard said...

Tax take of 46% of GDP. Impressive moneygrabbing by the state soon needed here. Its no wonder that many of our younger continental friends choose to work in London. France still manages to run a Brown-sized deficit though

Sunday, October 18, 2009 08:03AM Report Comment

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