HAMISH MCRAE: Markets are calm - they glimpse turning point for inflation - This is Money

It is the best way of explaining why gloomy economic forecasts, including that stuff from the Bank of England, have been met with a yawn.

If it is tough when it is baking hot to appreciate that it will be freezing cold in a few months' time, it is equally tough to accept that economic conditions can flip quite dramatically.  Intellect… [+4458 chars]

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