Wednesday, April 13, 2011

Man states obvious

Artemis' Foster: Mervyn King 'losing the plot'

Artemis' fixed income star James Foster says the governor of the Bank of England needs to raise rates now to prevent inflation becoming embedded in the system. Foster, who runs the £516m Artemis Strategic Bond fund, says the MPC needs to act now by raising rates before people begin to clamour for higher wages, leading to an inflationary spiral.

Posted by don from donny @ 01:08 PM (1425 views)
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