Monday, July 11, 2016

Deutsche Bank: UK Inflation Could Explode Above 5%

Since the pound slumped 14 per cent in the wake of the Brexit vote, inflation expectations have surged and analysts have cranked up their inflation forecasts. Today, reports FT, Deutsche Bank warned that a further 10 per cent decline for sterling could threaten inflation’s 25-year high of 5.2 per cent.

This is partly elitist scaremongering about Brexit but price inflation is likely to spike not only in the UK but also the US--and not becasue of Brexit, but becasue of the mad amount of money that has been pumped into the system by central bankers since the 2008 financial crisis.


No comments:

Post a Comment