Broadbent: Mismatch

Broadbent: Mismatch

From bankofengland.co.uk

Good morning. We’re going through a period of very rapid economic growth. On a reasonable estimate GDP in the second quarter of this year was probably around 5% higher than in the first and more than 22% higher than a year earlier. That’s easily the fastest year-on-year rate of growth since quarterly estimates began in the mid-1950s, and probably a long time before that as well. We know that rapid growth in demand tends to put upward pressure on prices. So with numbers like these perhaps it’s not surprising to see inflation going up, here and in other countries. In the UK, annual CPI inflation has risen from ... (full story)

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fxsport

Jul 22, 2021 3:59am

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Ok Mr. board member this does it! I'm sick and tired of hearing you talking heads in your ivory towers say inflation is transitory. REALLY?

The problem with WAGES is this - YOU CAN'T TAKE BACK A RAISE!

I've had to increase my starting pay for intro workers by 25% just to get people applying! What do you think those workers will do in 12 months when I tell them to take a 20% pay cut.

Wake up dude! Inflation is here

fxsport

Jul 22, 2021 5:12am

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Quoting Guest

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So basically he is saying that they WON’T be raising interest rates anytime soon

Ignored

This is a page directly from the Oliver Stone conspiracy theory playbook.

All central bankers are in on the game....go ahead and talk but I KNOW what you're doing (or in this case not going to do)

Jul 22, 2021 4:58am

Yep, but not yet.

Jul 22, 2021 4:02am

Wow... Mr Broadbent.
Thank You.
GBPUSD will SUPER STRONG BEARISH to Support 1 on 1,36797 and Support 2 on 1,36224 with SL on Resistant 1,38097.
SELL GBPUSD.

I Love You, sir.