New property slump alert as lending falls to a 30-year low. (Times)

High inflation unavoidable - duck now

Telegraph: Jailed counterfeiters aren't a patch on the Bank of England

The British and US governments are printing money to create inflation – to reduce their debts, says Jeff Randall. In his book Crisis Economics, Nouriel Roubini, professor of economics at New York University, predicts that inflation will return to advanced economies in 2012 if governments opt to monetise deficits (they have), or the glut of easy money fuels a fresh asset bubble (it has – just look at commodity prices), or the dollar continues to weaken (it has).