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PREVIEW: BoE Quarterly Inflation Report- 13th November 2013

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Wed, 11/13/2013 - 05:39 | Link to Comment no more banksters
no more banksters's picture

A short story of how a country can default in a few days

http://failedevolution.blogspot.gr/2013/11/a-short-story-of-how-country-...

Wed, 11/13/2013 - 07:27 | Link to Comment negative rates
negative rates's picture

Dude, what's up? You think that your shit don't stink or something??

Wed, 11/13/2013 - 09:45 | Link to Comment Doña K
Doña K's picture

@ No more Banksters

Very telling story

That is the modus operandi of big banks in collusion with rating agencies and unlimited funds to ruin a country's finances until they agree to play Goldman's and JP Morgan's game.

They have systematically plunder South and Central American countries using such tactics with the help of the US politicians and three letter acronym agencies.

It has been already well established that these people are phylargyrists sociopaths and deserve to be mutilated. They are now squeezing their own country.

 

Wed, 11/13/2013 - 09:52 | Link to Comment no more banksters
no more banksters's picture

Thank you, there is more to come...

Wed, 11/13/2013 - 09:53 | Link to Comment Nothing but the...
Nothing but the truth.'s picture

Much like all British politicians, all this data coming out of Carney's mouth is fraudulent and corrupted.

Wed, 11/13/2013 - 06:14 | Link to Comment smacker
smacker's picture

The BoE Inflation Report today will be another page in the ongoing stream of lies and disinformation spewed by the Bank and George Osborne's Treasury.

Apparently the UK now has rolling annualised CPI at 2.2%, down from 2.7% last month. Anybody who believes that must be living on another planet. Try an average CPI rate of 6% for a more honest rate, higher for older people who spend a larger proportion of income on energy.

Ex PM John Major publicly stated the other day that "savers' income has been crucified by Zirp" and that interest rates should be raised to 3-5%. Current PM Cameron dismissed his comments, despite having said himself before the May/2010 general election - along with Osborne - that savers must be protected from low rates and not forced to pay the bill for the economic collapse.

Wed, 11/13/2013 - 06:37 | Link to Comment giggler321
giggler321's picture

I'm a bit confused, I read about CPI not including energy and housing but those were references to the States.  Do they differ for the UK?  as on the radio last night Robert Peston mentioned how CPI had fallen on the back of lower wholesale energy prices, specifically natural gas.  This seems odd to me if it is not included in the measure?  So either CPI in the UK differs from CPI in the States or he's got it wrong?  either way, I know by my receipts I'm paying more this year than last.

Wed, 11/13/2013 - 07:24 | Link to Comment smacker
smacker's picture

The items included/excluded in measuring UK CPI are not easy to nail down because even when they are included, they are often adulterated by the calculations and weighting given. This page attempts to unravel the complex measurements used:  http://www.significancemagazine.org/details/webexclusive/1314363/RPI-ver...

The price of gas/elec/petrol & diesel are included in CPI as is food. But many other costs which affect a person's cost of living are not, eg: taxes and various duties.

Also: UK CPI is expressed as an annualised rolling 12 month figure, unlike the US which I believe is expressed as a monthly figure x12.

It is the cost of living which is most important to measure but all govts avoid doing that as it shows a result far higher than their preferred fake CPI.

The best unravelling I've seen produces CPI for different groups of people:

- age 18-30 = roughly in line with official CPI. these people often live with family and don't pay the bills. a lot of money spent on iGizmos which are falling in price.

- age 31-50 = about twice official CPI. these often have their first home and cars and pay the bills.

- age 50+ = about three times CPI. these people spend a disproportionately higher amount on heating and things like local taxes and other housing costs like property maintenance.

A major factor in rising cost of living in Britain is caused by rises in prices/costs imposed by government and its countless agencies, taxes/duties/parking fees/motoring fines/fees and charges for all manner of things.

Wed, 11/13/2013 - 07:43 | Link to Comment XAU XAG
XAU XAG's picture

@smacker

 

.gov.uk needs CPI to be low as all the bennifits are being alighned to go up inline with CPI 

 

To reduce .gov.uk bennifits budget expect CPI to bare no real realation to real inflation.

 

 

Wed, 11/13/2013 - 09:55 | Link to Comment Nothing but the...
Nothing but the truth.'s picture

Spot on Xau Xag - they are convoluting the CPI data to lessen their social liabilities and payouts.

Wed, 11/13/2013 - 06:56 | Link to Comment Kirk2NCC1701
Kirk2NCC1701's picture

I'm impressed by you Early Birds.  But then, perhaps, you might be in the UK - in which case it's not so early for you, and you're about to head to the Pub for lunch.  For a pint of Smithwicks and a Ploughman?  ;-)

Wed, 11/13/2013 - 07:28 | Link to Comment negative rates
negative rates's picture

Hey it's 5 o'clock somewhere.

Wed, 11/13/2013 - 07:18 | Link to Comment Boeing Boy
Boeing Boy's picture

Well I didn't get a pay rise this year.  So 2.7% or 2.2% CPI whatever, my purchasing power has been reduced yet again, difficult to see how this can be good for the economy.

Wed, 11/13/2013 - 07:53 | Link to Comment XAU XAG
XAU XAG's picture

@Boeing Boy

 

It's good for the debt............that is why they want inflation.

 

To many inflation is running at 10% in ten years time any debt is wiped to a value of next to nothing.

 

It's the magic of our fractional reserve banking system that leads us to belive we are getting richer (house price increases) yet the opposite is the case

Wed, 11/13/2013 - 08:00 | Link to Comment buzzsaw99
buzzsaw99's picture

inflation - the other other other OTHER tax

Wed, 11/13/2013 - 08:51 | Link to Comment Racer
Racer's picture

BoE inflation report is a joke, they produce these charts with extraordinarily wide fuzzy boundary lines and point to them as 'predictions'

What a load of central W...Bankers

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