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Bank of England warns of two years of stagflation
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amcluesent
Posts: 9,425 Forumite
"Mervyn King, the Bank's Governor, is poised to unveil new forecasts showing that the Consumer Price Index (CPI) will rise above 3 per cent. Amid warnings that Britain now faces a US-style housing crash, with plummeting prices and rising repossessions, the Bank is likely to forecast growth of well below 2 per cent."
Respect to all who filled their boots with the previous issue of NS&I index linked bonds.
Investment strategies from 1973-1976 might well be dusted off for inspiration! :eek:
Respect to all who filled their boots with the previous issue of NS&I index linked bonds.
Investment strategies from 1973-1976 might well be dusted off for inspiration! :eek:
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...and yet i thought a few weeks ago he (mervyn) suggested that the worst of the credit crunch was over
(not that i believed him:rolleyes: BLOODBATH IN THE EVENING THEN? :shocked: OR PERHAPS THE AFTERNOON? OR THE MORNING? OH, FORGET THIS MALARKEY!
THE KILLERS :cool:
THE PUNISHER :dance: MATURE CHEDDAR ADDICT:cool:0 -
Mind you, it is the Torygraph...0
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since when has 3% been stagflation0
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