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Showing posts with the label Mervyn King

They do not have any sympathy from me.

http://www.huffingtonpost.co.uk/2013/05/19/stop-demonising-bankers_n_3302040.html?utm_hp_ref=uk  'Stop Demonising Bankers Over The Financial Crash'   Sir Mervyn said bankers should not be made scapegoats   If this article is supposed to generate my sympathy for a load of rich, over paid bonus grabbing parasites, many of whom should actually now be serving time in prison for money laundering, tax evasion, rate fixing and other crimes, I am afraid that it has failed miserably. Being "demonised" is a good word as is the phrase "being held in contempt".

The Science of Statistical manipulation

 This government and The Office for National Statistics are at it again.   The Office of National Statistics report shows 2.7 per cent rise in annual inflation during October On the 16th October last, I wrote a piece on this Blog following the announcement that, according to the Office for National Statistics, inflation had fallen to a three year low. Essentially, I was a little sceptical of the figure and the way in which the euphoria of the press and media immediately leaped onto the band wagon of announcing that the worst of the economic crisis had passed and the “green shoots” of recovery were plain to see. The reasons for my scepticism were that the announcement of the new lower figure came just days after the energy companies had started their usual round of winter price hikes, and the fact that the lower rate announced in October but using the September figure, is the one against which State Pension increases and State Benefit levels are calculated...