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Inflation (again!)
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Milarky
Posts: 6,356 Forumite
Apparently (as if no one has noticed) the MPC has been looking the other way for some time now, and tacitly allowed inflation up - rather than the kcoc-up theory explaining why 'temporary' doesn't mean what it used to...
.....under construction.... COVID is a [discontinued] scam
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Comments
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I think the comments by Michael Saunders are probably more accurate than those of Beanie.
The Bank has clearly made errors in it's forecasting, and no doubt would have done certain things differently with hindsight.
What is more worrying is that the Bank also appears to be wrong in some of it's other forecasts on the Economy.
Once a Central Bank gets behind the curve, it becomes increasingly difficult to catch-up, and by doing so they might do more harm than good.'In nature, there are neither rewards nor punishments - there are Consequences.'0 -
Oh oh oh . . here's my opportunity to do my impression of nearlynew. I've been practising it.
"inflation is theft."
*takes a bow*0 -
Oh oh oh . . here's my opportunity to do my impression of nearlynew. I've been practising it.
"inflation is theft."
*takes a bow*
Very good impression, it was tedious, boring and pointless, just like the real thing!This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com0 -
Stick around Joe . .I'm currently working on a few more. My showstopper will be a generic impression based on a typical Bankruptcy forum poster.
But I'll keep that in reserve for now0
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