tag:blogger.com,1999:blog-2948538160252327076.post1013715388784145798..comments2023-11-02T15:48:50.381+00:00Comments on UK Bubble UK Economy: More cowardice from the bank of englandAlice Cookhttp://www.blogger.com/profile/05753570123987780947noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-2948538160252327076.post-1340947070943392752007-06-08T19:39:00.000+01:002007-06-08T19:39:00.000+01:00Man, how long can these guys go on being wrong?Her...Man, how long can these guys go on being wrong?<BR/><BR/>Here is a transcript of a <A HREF="http://www.bankofengland.co.uk/publications/speeches/2004/speech211.pdf" REL="nofollow">pertinent speech</A> given by Merv in 2004. Apparently, according to his (ahem) "analysis" back then, house price inflation was just going to subside of its own accord over the next few years.<BR/><BR/>Meanwhile, inflationary expectations are now not only baked into the economy, they're <A HREF="http://www.bloomberg.com/apps/news?pid=20601102&sid=aQBsE_oMfBHE&refer=uk" REL="nofollow">burned to a blackened crisp and caked all over the sides of the oven</A>.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2948538160252327076.post-5609757507367868752007-06-08T01:14:00.000+01:002007-06-08T01:14:00.000+01:00Shoorley the only solution is to jump on the ECB d...Shoorley the only solution is to jump on the ECB discipline bandwagon?<BR/><BR/>But that could never happen, sir! The English are too proud, too independent.<BR/><BR/>Let Northern Ireland and Scotland slink away, and then watch reality take hold.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2948538160252327076.post-85309690155063921552007-06-07T21:00:00.000+01:002007-06-07T21:00:00.000+01:00Don't worry about cheap goods and services from In...Don't worry about cheap goods and services from India and China saving the day. India's boom is out of control. Indian IT wages are spiraling so much they are having to outsource software jobs from India to Mexico !<BR/><BR/>Cheap offshore wages are a one off effect. Inflation is comming !<BR/><BR/>http://thebubblegoesbang.blogspot.com/2007/06/indian-wage-spiral-forces-tcs-to.htmlAChttps://www.blogger.com/profile/01716131629327859181noreply@blogger.comtag:blogger.com,1999:blog-2948538160252327076.post-91608790374883060042007-06-07T19:51:00.000+01:002007-06-07T19:51:00.000+01:00Don't worry, by this time next year, rates will be...Don't worry, by this time next year, rates will be 6.5 percent and rising.Anonymousnoreply@blogger.com