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Friday, January 19, 2007

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sideshowbob

interesting to see that Mervyn King feels that his hands are tied in not being able to counter house prices due to the "Brussels-based experts" who devised CPI whereas the ECB chairman Trichet feels no compunction about targeting real estate

http://www.theherald.co.uk/business/news/d...1130076.0.0.php
At the beginning of November, an exasperated King told a House of Lords committee that, although the Brussels-based experts who devised CPI had plans to include a measure of house price inflation, actual proposals had been delayed so often he did not expect to see them bear fruit "in my lifetime".

http://www.bloomberg.com/apps/news?pid=206...&refer=home
"Economic indicators justify the steps we have taken in the past," Trichet said in an interview with France's RTL Radio and LCI Television. He said central bankers were "closely" monitoring data on loans, real estate prices and energy costs.

Lafayette

"He said central bankers were "closely" monitoring data on loans, real estate prices and energy costs."

Yes, but doing the rounds of estate agents in St. Tropez ... does that qualify as "monitoring data on ... real estate pricesé? ; ^ )

sideshowbob

if peering through the window at the estate agent means monitoring data then i guess about half the country is qualified to have an opinion!!

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