Export Your Inflation, Here Comes Capital Flight

[traelin0]

This is not going to be good...

UK inflation jumped in December with the Consumer Prices Index (CPI) rising to 3.7%, up from 3.3% in November.

Retail Prices Index (RPI) inflation - which includes mortgage interest payments - rose to 4.8% from 4.7%.

So what happens when you can buy a short-term government bond over in the UK at a materially-higher yield than one here in the US?

Why, capital flies over there, right?

And what happens when capital leaves?

Read more here.

[BeenThere...DoneThat...]

...or have decreased their cost of living so that they're living well within their means, don't feel the wolf at the door, but can't ignore the pinch... God bless them, too...