"“We have lent a huge amount of money to the U.S. Of course we are concerned about the safety of our assets. To be honest, I am definitely a little worried.” "


Chinese premier Wen Jiabao 12th March 2009


""We have a financial system that is run by private shareholders, managed by private institutions, and we'd like to do our best to preserve that system."


Timothy Geithner US Secretary of the Treasury, previously President of the Federal Reserve Bank of New York.1/3/2009

Monday, January 14, 2008

Bank of England would do better forecasting if they brought in Gypsy Petulengro

Today's Daily Telegraph ...


"Official figures showed wholesale food prices rose by 7.4 per cent in the past 12 months - more than three times the headline rate of inflation."


"More worrying, though, was a 0.5 per cent rise in output prices, which took the annual inflation rate to 5 per cent – the highest reading since August 1991. "

Financial Times 15th January 2008

Lord King Speech at the Mansion House 16th June 2007...

"Our central view remains that inflation will fall back this year as the rises in domestic gas and electricity prices last year drop out of the annual comparison, and the recent cuts in prices feed through to household bills."

...and the BBC report ...



Clever fucking economist that Lord King ... now we will find out today exactly what a fuck up he and the merry men at the Treasury and the FSA have made of Northern Wreck.

Lors patel will be surveying Threadneedel Street today , selecting which lamp post will best bear his weight - and also one for Sir John Gieve ....

2 comments:

Stef said...

UK factories increased prices at the fastest annual pace since 1991

We've got some factories left?!

Shutter said...

The Chinese will shortly start assembling MG's at their Longbridge plant with screwdrivers wielded by true brits (or maybe Poles)on bits brought over in boxes from China.... but ... don't hold your breath.

Let us not forget Rolls Royce make damn fine jet engines .. the first 787 Dreamliners will be powered by RR plant.

...er...

(C) Very Seriously Disorganised Criminals 2002/3/4/5/6/7/8/9 - copy anything you wish