Oncoming obtenebration II...

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The news in the UK that inflation rates stayed at zero [££Times and/or handy Economist graph HERE on what's what] (missing deflation but headed there anyway?) currently paints a rosy picture for the UK consumer, will the phrase "The economy, stupid" hold true for the coming UK General Election in May?

Across the water however, some very worrying figures emerged:

"...in a world in which the only economic growth comes as a result of new credit entering the economy (as opposed to Fed reserves being stuck in the S&P), the only thing that matters is how easy it is to get credit into the hands of those who need it. As it turns out it has never been more difficult to get credit... "And without any new credit entering the economy, a recession is all but assured."

Time will tell...