Tuesday, February 15, 2011

Bank of England get sweaty again

MPC Powerpoint

MPC Powerpoint © fintag

News comments:
4%. Nearly right.

The CPI is the UK's current measure of inflation. It went up again. To 4%. As a basket of goods and services the average punter in the UK buys, it is quite good but not great. I noticed the price of clocks and watches went up nicely. It must be the cost of the gold.

Anyway, if you want to play with statistics produced by the ONS, I wish you luck. It is a horrible website. Finding time series data is very difficult and there are no helpful guides to how the data was produced. It is like living in China. Or the old USSR.

Thankfully I was sent this powerpoint slide from the MPC so have a much better idea how useless the Bank of England is.

Today's shorts:
Bernanke reveals grudge against Dick Fuld (bloomberg)

UK is Argentina in disguise (or is that Drogba is Torres in disguise) (reuters)

Today's longs:
King spins himself out of control (telegraph)

Bank of England to close down their canteen.