Inflation
Holy shit, it's been a month since I last posted. How did that happen?
So, today's news is that inflation has jumped up again: 3.4% CPI (up from 3% last month), 4.4% RPI (up from 3.7%). My prediction at New Year's, of double-digit inflation, seems possible.
In this evening's Evening Standard, James Hughes of Black Swan Capital wealth management is quoted as saying
Good name for a company, Black Swan. Presumably taken from Taleb's book. Still, we'll have to wait and see - I only win my pint if RPI is over 10% by mid November.
- KoW
So, today's news is that inflation has jumped up again: 3.4% CPI (up from 3% last month), 4.4% RPI (up from 3.7%). My prediction at New Year's, of double-digit inflation, seems possible.
In this evening's Evening Standard, James Hughes of Black Swan Capital wealth management is quoted as saying
This sharp increase in UK inflation is possibly just the start of an inevitable and unstoppable slide towards double-digit inflation and interest rates within the next few years
Good name for a company, Black Swan. Presumably taken from Taleb's book. Still, we'll have to wait and see - I only win my pint if RPI is over 10% by mid November.
- KoW
Labels: 2010, money, predictions
posted by The King of Wrong at 8:27 pm
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