A house price crash or soaring inflation

This is the corner the Americans and Brits have backed themselves (and everyone else into by proxy)

Bank of England's dilemma: A house price crash or soaring inflation
By Edmund Conway, Economics Editor

Last Updated: 1:07am BST 25/04/2008

Which would you rather face: a recession and house price crash or years of soaring seventies-style inflation?

Whole article here

Hmmmm. Might put oil prices down if they opt for the price crash route. Something to keep an eye on.