Thursday, February 17, 2011
Already in the UK
Coming soon to U.S. shores: Higher prices
"China has been like a huge buffer to absorb the inflation pressures the U.S. has created through monetary policy," he said. "It's inflating Chinese prices rather than boosting our CPI. But as China inflates its currency, we'll be paying a lot more for goods."
Posted by mark @ 12:58 PM (1392 views)
4 thoughts on “Already in the UK”
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general congreve says:
Bring it on!!!
Crunchy says:
Of course this has nothing to do with Dollar weakness and Russia, China and now France not wanting to touch it.
Techie, not long now.
alan says:
@GC,
Now, Now, Mervyn told us yesterday that the target is STILL 2%. Of course we won’t deviate from target – that’s why we’ve got one, silly.
…as for all those people buying Silver as a hedge, well, won’t they be surprised when inflation goes BELOW 2%.
ho, ho 🙂
ps: When this happens I will buy Mervyn a beer – ‘cos I really can’t see low 2% inflation anytime soon!
Crunchy says:
They could always use the services of Gordon Ramsay.
Could you imagine a “King’s Kitchen” being televised on BBC, thought not.
Gotta go, it’s the heat.