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

On Fri, 25 Nov 2005 18:50:06 +0000, hummingbird
<ZYLYDWINUSED@xxxxxxxxxxxxx>

typed:

>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.

i don't think there are any red xs on that page!
if you beg i just may take mercy on you...then again i might not :-)

regards.

>>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

--
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