24/7 Wall St.
06-17-2008, 07:30 AM
24/7 Wall St. Daily News
In the UK, inflation was up enough in May to put the annual run-rate at 3.3% The Bank of England promptly took a look at those numbers and said inflation in the second half could be 4%. The economy in the UK could start to look like that of Brazil fifteen years ago. According to MarketWatch, "Prices for goods leaving the factory gate hit an annualized 8.9% in May, while the costs of inputs that manufacturers pay soared by 27.9%, the fastest rise since the mid-1970s." No matter how much the Fed wants to insist that the current upward price...http://feeds.feedburner.com/~f/typepad/RyNm?i=aDIEPI</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=aDIEPI) http://feeds.feedburner.com/~f/typepad/RyNm?i=X5eXtI</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=X5eXtI) http://feeds.feedburner.com/~f/typepad/RyNm?i=1XgoSi</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=1XgoSi)
complete story here... (http://www.247wallst.com/2008/06/inflation-burns.html)
In the UK, inflation was up enough in May to put the annual run-rate at 3.3% The Bank of England promptly took a look at those numbers and said inflation in the second half could be 4%. The economy in the UK could start to look like that of Brazil fifteen years ago. According to MarketWatch, "Prices for goods leaving the factory gate hit an annualized 8.9% in May, while the costs of inputs that manufacturers pay soared by 27.9%, the fastest rise since the mid-1970s." No matter how much the Fed wants to insist that the current upward price...http://feeds.feedburner.com/~f/typepad/RyNm?i=aDIEPI</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=aDIEPI) http://feeds.feedburner.com/~f/typepad/RyNm?i=X5eXtI</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=X5eXtI) http://feeds.feedburner.com/~f/typepad/RyNm?i=1XgoSi</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=1XgoSi)
complete story here... (http://www.247wallst.com/2008/06/inflation-burns.html)