Friday, 30 January 2009

Who's for hyper-inflation?

FT's Alphaville report that: "Morgan Stanley’s Jocahcim Fels and Spyros Andreopoulos look at the possibility of hyperinflation hitting the western shores of the UK, Europe and the US in their latest note. Their conclusion is a little scary...:
"the risk of hyperinflation cannot be dismissed very easily any longer, in our view."

So all of us who were prudent and saved instead of borrowing to the hilt are about to be well and truly shafted by a bout of hyper-inflation. Thanks Gordon "prudence" Brown, you really are detestable.

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