Re: spanish central banker tells socialist subsidisers about real life...

On Fri, 25 Nov 2005 18:24:53 +0100, abelard <abelard2@xxxxxxxxxxx>
mysteriously appeared thru the usenet mist to inform us thus...

>On 25 Nov 2005 05:33:00 -0800, "Crowley" <crowleyalastair@xxxxxxxxxxx>

>>abelard wrote:
>>> http://www.planetark.org/dailynewsstory.cfm/newsid/33663/story.htm
>>> "The rise in the oil price is an external disturbance that the Spanish
>>> economy must adapt to by accepting the loss of purchasing power that it
>>> implies ... and allowing the relative rise in price of this raw material
>>> to drive necessary adjustments in terms of a more efficient use of energy
>>> in production and lower domestic consumption," he added.
>>
>>Inflation up = interest rates up for the $ and (soon) the € , but
>>apparently not for the £.
>>
>>Why not I wonder ?
>
>my method:
>www.abelard.org/inflation.htm
>approximation
>british inflation is soaring....10%

Can you explain simply what this figure of 10% represents.

>usa is well under control...3.7%
>euro is in between.....7%
>
>curbing interest rates in the uk will slow the housing
> markets and tax takes...
>labour is now running scared...
>the tories look set to become electable

--
"I fear that the Prime Minister has become unhinged.
He has always tended towards being messianic."
-- Michael Portillo on Blair / Sunday Times:
http://www.timesonline.co.uk/article/0,,2088-1879986_1,00.html
.

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