reporadar™

Inflation figures manage to not surprise on two counts. 1. Both RPI and CPI price inflation are up. 2. Government wonks respond with, "Well, it is much less than the early 90s". The unanswered question. How does the current secular bull in inflation compare with the 1959-1975 secular bull?

The total number of mortgages fell by 81,000 in the first six months of 2008, only the third time in the 37-year history of the figures. It follows a decline of 14,000 in H2 2007 and could signal that a secular bear in homeownership has started.