THE TELEGRAPH: Deflation is on its way even sooner than we originally thought - along with all the things that entails: interest rates at or close to zero, growing disquiet about becoming trapped in economic depression, the Bank of England forced to take drastic measures to put money into peoples' pockets.
The producer prices figure released by the Office for National Statistics this morning shine the light on just how virulent the recession is becoming. The cost of manufacturers' raw materials has fallen by 3.3pc in the past month alone, and with oil and commodity prices dropping like a stone it will fall even further in the coming months. >>> Edmund Conway | December 8, 2008
The Dawning of a New Dark Age (Paperback & Hardback) – Free delivery >>>
