What's this CPI and RPI - down!!!

So the authorities have underestimated this depression, prices are still falling, but give them time - they'll keep printing money, taking on more debt to fund mindless jobs in the public sector, funding good works that no one wants and bailouts to companies that were so big and professional they didn't see that their costs were too high and that they were going bust - until one day they get it right...and the country goes completely broke. Then the bond markets will drive up interest rates, sterling will collapse and the depression will deepen.

You didn't really expect that those who didn't see the depression coming ie Brown, King et al., would to be able to put it right - did you?