Economists’ great expectations over rate rise … with a dash of sadism

The good news is that we don't have to take any notice for a while of all those financial industry economists predicting an interest rate rise anytime soon.

Richard Farmer

Crikey political commentator

Don't they just hate it. "Rate rise expectations dashed as annual growth comes in at 2.7 per cent." That's the one line summary of the inflation figures by those financial market boffins over at Business Spectator. Expectations dashed! What kind of sadists are these financial market types? I prefer to put a different spin on it every time inflation is below the level the dreaded market expects. Something more like: good economic news as inflation remains under control. And under control it certainly is.

25-01-2011cpi

The All Groups CPI rose 0.4% in the December quarter 2010, compared with a rise of 0.7% in the September quarter 2010. The through the year rise to the December quarter 0f 2.7%, compared with a rise of 2.8% through the year to the September quarter 2010.

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3 comments

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3 thoughts on “Economists’ great expectations over rate rise … with a dash of sadism

  1. klewso

    “Kismet”? A fair cop? Look what he and his “FUX Gnus” have done to Obama!

  2. peteg

    Sadists? Maybe they’re just thinking about people who have savings in the bank rather than huge mortgages.

  3. Nigel Devenport

    The day after the report about the warmest decade was published there was a piece by Christopher Monckton in Insight telling all sorts of porkies about the state of the planet etc. In the article he claimed the exact opposite of the report published the day before as well as citing false data about antarctic/arctic ice levels. That misinformation used as the photo caption, giving the casual reader the takeaway that all is well with ice levels when it plainly is not.

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