Comments on: Bank of England Governor King continues to bet on inflation taking care of itself https://inflationwatch.drduru.com/king-bets-on-inflation-taking-care-of-itself/?utm_source=rss&utm_medium=rss&utm_campaign=king-bets-on-inflation-taking-care-of-itself Watching for inflation here, there and everywhere Fri, 17 Jun 2011 00:03:06 +0000 hourly 1 https://wordpress.org/?v=7.1.4 By: Dr. Duru https://inflationwatch.drduru.com/king-bets-on-inflation-taking-care-of-itself/#comment-192 Fri, 17 Jun 2011 00:03:06 +0000 http://inflationwatch.wordpress.com/?p=1851#comment-192 In reply to G H.

The parallels between the two are truly amazing sometimes. More on this topic and currency implications here: http://drduru.com/onetwentytwo/2011/06/16/king-reason-for-bearish-on-pound/

]]> By: G H https://inflationwatch.drduru.com/king-bets-on-inflation-taking-care-of-itself/#comment-191 Thu, 16 Jun 2011 16:17:54 +0000 http://inflationwatch.wordpress.com/?p=1851#comment-191 Sounds like King and Bernanke are on the same page: only “certain kinds” of inflation are important… specifically, rising local wages.

THOSE will be met with swift action, you can be sure!

“a transition away from domestic consumption and toward exports and the business investment required to support this shift”

In other words, further lower the living standards of the working class while further feathering the nests of business owners.

Yeah, that worked great for the U.S. since 2000, why not try it in Britain?

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