Rate cuts should have happened months ago

[Diver]

Rate cuts should have happened months ago

I thought this was about contractors rates?


>Ducks and runs<

[Cyberman]

I always wondered why they bothered having blanchflower, they could have replaced him with a simple program:

If inflation < target then vote for rate cut

If inflation > target then vote for rate cut

If economy doing well then vote for rate cut

If economy doing badly then vote for rate cut



thinking you're like Blanchflower is something I wouldn't go around broadcasting.

Blanchflower has been voting for rate cuts for 10 consecutive months because he could see a recession looming. Leaving rates at the current relative high level to the US etc has been highly damaging to the economy, and the consequences are now there for all to see.

[bobhope]

I always wondered why they bothered having blanchflower, they could have replaced him with a simple program:

If inflation < target then vote for rate cut

If inflation > target then vote for rate cut

If economy doing well then vote for rate cut

If economy doing badly then vote for rate cut



thinking you're like Blanchflower is something I wouldn't go around broadcasting.

[HairyArsedBloke]

It appears that I and one other person on the MPC was right !!

http://business.timesonline.co.uk/to...cle5063490.ece

Without me looking - it was Blanchflower wasn't it.


.... <goes and checks the article> ....


Yep, so it is. He is a fool of the first water only out done by Atw. He is a 'Labour Economist' in all meaning of the phrase.

[BrilloPad]

Lets hope for a full pct cut on THursday.

[Cyberman]

It appears that I and one other person on the MPC was right !!

http://business.timesonline.co.uk/to...cle5063490.ece