Why PEAK INFLATION is a RED HERRING! Prepare for a Decade Long Cost of Living Crisis

Economics / Inflation Aug 09, 2022 - 08:13 PM GMT

The idiot in charge of the Bank of England Bailey now warns of 13% inflation, 5 quarter deep uk recession, and requests Britains workers not ask for high pay rises due to the risks of the wage price spiral, despite paying himself 575,000 for making a dogs dinner of the economy. So are his predictions going to come true, we'll a year ago he was barking about transitory inflation and a growing economy ahead! Completely clueless idiot!

The problem is this the Bank of England CAUSED the INFLATION by means of rampant money printing that they then used to monetize near half of UK government debt! That's what caused the inflation! And now the morons are trying to fight 10% inflation with 1.75% interest rate, Bailey and his fellow morons do not have clue, they are literally fumbling in the dark for the light switch and we pay the price for these clowns!

As for the wage price spiral, it does not exist, there is no wage price spiral instead it is a price wage spiral! i.e. Wages are trying to catch up to out of control inflation and failing to do so hence the cost of living crisis where wages cannot keep up with prices in the shop.

This video rest is an excerpt from my recent analysis on the state of the stocks bear market and more Stock Market Rally Continues Towards Target, Why Peak Inflation is a Red Herring was first made available to patrons who support my work.So for immediate first access to ALL of my analysis and trend forecasts then do consider becoming a Patron by supporting my work for just $4 per month. https://www.patreon.com/Nadeem_Walayat.

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Whilst my recent in-depth analysis is - UK House Prices Three Trend Forecast 2022 to 2025, where I pealed away every layer of the UK housing market I could think of to arrive at a high probability of trend forecast, no following of the consensus herd here! Whilst completion of my extensive analysis of the US housing market is imminent.

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US House Prices Trend Forecast 2022-2024

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By Nadeem Walayat

http://www.marketoracle.co.uk

Nadeem Walayat has over 30 years experience of trading derivatives, portfolio management and analysing the financial markets, including one of few who both anticipated and Beat the 1987 Crash. Nadeem's forward looking analysis focuses on UK inflation, economy, interest rates and housing market. He is the author of five ebook's in the The Inflation Mega-Trend and Stocks Stealth Bull Market series that can be downloaded for Free.

Nadeem is the Editor of The Market Oracle, a FREE Daily Financial Markets Analysis & Forecasting online publication that presents in-depth analysis from over 1000 experienced analysts on a range of views of the probable direction of the financial markets, thus enabling our readers to arrive at an informed opinion on future market direction. http://www.marketoracle.co.uk

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