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And don't miss this (imaginary!) letter from Mark Carney to Phillip Hammond: "Given the symmetric nature of our inflation targeting, you might ask why we're not happy with consumer prices finally overshooting after all those months of threatening to drag us into deflation. Well, the smokescreen we're using is that the decline in unemployment to its lowest level in 42 years is bound to eventually force wages higher -- the key words there being 'bound to' and 'eventually.'"
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Max Nisen is a Bloomberg Gadfly columnist covering biotech, pharma and health care. He previously wrote about management and corporate strategy for Quartz and Business Insider.
To contact the editor responsible for this story: Mark Gongloff at mgongloff1@bloomberg.net.
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