Guido is SO confused on this one. Because he seems not to understand how annual inflation figures are created, he presents the first fall in the index as proof that INFLATION is settling in. Proving my prediction in a post a few weeks back: How the Right will be screaming ‘Inflation’ as we go into [...]
Posts Tagged ‘Inflation’
16 Feb
I’ve been waiting for this: the price index drops. Innumerate right winger shouts ‘Inflation!’
16 Feb
Letter in the FT
I’ve got a letter in the FT here. It is about whether deflation is such a spiffing idea, as Edward Gottesman the day before had asserted. After pointing out some factual errors, the conclusion I make is fairly predictable: His greatest error is to imply that savings are necessarily virtuous, and spending necessarily vicious. Everything [...]
15 Feb
Growing pessimism about the economy
I’m normally an optimist: I believe that economies grow naturally; that this is generally good for us; that we don’t normally need governments guiding them, that things rebound naturally. But the evidence is building that this year may see a nasty flirtation with renewed recession. In a rushed blogpost, what is my evidence? Business pessimism. [...]
9 Feb
Greece, money printing, immigration and inequality
Greece – similarities with regional aid in the UK – plus much more
24 Jan
Krugman to the Fed: proof that you can spring the liquidity trap
I’m not calling for Bernanke to go. But the debate about his reappointment reminds us just how much a single appointment can change financial conditions, on day one.
20 Jan
I am quadruply conflicted
Clegg gets it wrong on foreign ownership, Redwood gets it right, then wrong on Inflation. Clegg is meanwhile praised for being hawkish on spending This is confusing
19 Jan
A host of links, mostly about inflation
What, no readers for that title? Look, this is important. First, though, the Guardian and Telegraph go head to head on Mervyn King Shutting Up. Jeremy Warner comes out with a delusional statement: What’s the point of having an independent Bank of England if it cannot act and speak independently. If there had been a [...]
19 Jan
Inflation figures
Most worrying paragraph of the day so far: ‘Core CPI grew at 2.8 percent, the fastest rate since 1997′ Could it really be that the economy is hitting its real limits, despite such a drop in production? Surely not even the most hawkish MPC member could think that. http://moneymovesmarkets.com/journal/2010/1/19/mpc-credibility-damaged-by-unforeseen-inflation-spike.html Simon Ward has been ahead here [...]
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