On Mon, 23 Jul 2007 10:21:38 +0100, d4g4h4@yahoo.co.uk (David Horne, _the_
chancellor (*)) wrote:
>James Silverton wrote:
>
>> Martin wrote on Sun, 22 Jul 2007 22:15:19 +0200:
>>
>> ??>> And the Euro is in many ways causing that.
>>
>> M> It can't be worse with the euro than the 1990s with the
>> M> lira.
>>
>> M> It's just a shit economy whichever way you look at it.
>>
>> Perhaps, but prosperity and otherwise doesn't last. I remember
>> the time (was it in Mrs Thatcher's reign?) when Italy's GNP
>> passed that of Britain!
>
>I had a guest staying last night who was a junior minister in the labour
>government of the 70s when inflation was 25%.
28%!
and under Mrs T when they reached 21%
http://news.bbc.co.uk/1/hi/special_report/1999/02/99/e-cyclopedia/369693.stm
"Peaks in UK inflation rates were seen after the oil price rises of the early
1970s when they hit 28%, and again in the early 80s when they reached 21%. In
1990 they hit 10%."
At the time in the 1970s, inflation was given as 10% AFAIR.
Talking of financial wiz kids, is this somebody we know or just a poor copy?
http://www.as.ua.edu/rel/schaefferfarewell.html
BTW who was the 17 yr old jailed after holiday flirt in Turkey?
--
Martin
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