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February 17, 2009

Comments

WHS

"Cheer up Prime Minister - at least we've got inflation down!"

Cleethorpes Rock

The trouble is that this lower inflation is only here because no one is going out and spending any money. Train fares, fuel and taxes are still higher than they've ever been and that's what most of a peron's pay cheque goes on.

Once we should be pulling out of the mess, the massive public borrowing, extra newly-printed money and state-sponsored credit will ensure that in 18 months, we'll be back to double digit inflation.

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