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[Varche]

I wonder if Mervyn Kings' average earnings have kept going down these last five years or is that just the drones that have suffered that?

I remember inflation not being a bad thing when I was I was younger. Mind you I had a job through it.

The situation is as bad here in Spain. Apart from fuel costs, everyone here raises their prices as some sort of right every start of a new year. The small loaf of bread we used to buy at 60 cents is now "on offer "at 65cents reduced from 70 cents. Clever marketing rip off. 

[albitz]

Inflation can kill an economy dead, but high interest rates can cause a lot of pain. A difficult line to tread for old Merv and his chums, but interest rates are going to have to rise very soon imo, and probably already should have done.
It wont be easy though for people with mortages who are already struggling and businesses struggling to keep their heads above water and pay back what they owe.

[Field Marshal Dr. Opti]

Inflation can kill an economy dead, but high interest rates can cause a lot of pain. A difficult line to tread for old Merv and his chums, but interest rates are going to have to rise very soon imo, and probably already should have done.
It wont be easy though for people with mortages who are already struggling and businesses struggling to keep their heads above water and pay back what they owe.

Yep....we are likely to see higher interest rates in the future but growth is still poor. Dilemma?