Yesterday gave us the Labour cost index. This index provides my favourite (albeit partial) measure of inflation expectations, the adjusted private sector labour cost index. Anyway, what is it doing?
In conjunction with the negative annual growth in the money stock during the close of 2009 (note our caution) it looks like inflation isn’t a clear and immediate concern …
3 comments
Bjorn Gernstein says:
February 4, 2010 at 7:32 am (UTC 12 )
I hate to say this but I’m not really surprised. Everyone is still afraid of the financial crisis so they accept lower wages, which leads to less money in the cycle, ab so on and so on. It will take sometime until inflation rises its ugly head again.
pulsa murah says:
February 5, 2010 at 3:01 am (UTC 12 )
Nice post, and good topic.
Thx for the information you’ve post.
I’m very enjoyed visiting and reading you’r blog, coz you’r post always uptodate.
Thx.
brandon says:
February 6, 2010 at 11:50 am (UTC 12 )
well financial crisis hits most of us.
need around 3 years or more for getting normal again