QE3?
- superfrank
- Posts: 2762
- Joined: Fri Aug 14, 2009 8:28 pm
yep. "we're gonna roll up our sleeves" - George Osbourne, i.e. and get to work printing more money to lend to banks at less than the rate of inflation (to make sure they're Ok whatever happens to the rest of us).
it's all about propping up the housing market (as the govt. spokesman on Newsnight just said more or less) yet again - Britain still has a property bubble that is yet to burst, but burst it will sooner or later.
it's all about propping up the housing market (as the govt. spokesman on Newsnight just said more or less) yet again - Britain still has a property bubble that is yet to burst, but burst it will sooner or later.
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http://www.ons.gov.uk/ons/dcp171778_267649.pdf
inflation down to 2.8%
looks like mervyn King was right to cite "temporary factors" which were causing inflation to remain elevated.
erily quiet on this thread of late, wonder why.
inflation down to 2.8%
looks like mervyn King was right to cite "temporary factors" which were causing inflation to remain elevated.
erily quiet on this thread of late, wonder why.
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As a keen trend follower jeff im sure i dont need to point out to you the direction of this particular trend
And as someone so erudite, I'm sure I don't need to point out to you that trend following doesn't make predictions!
BTW, what is your answer to my question? Yes, no or maybe?
Jeff
BTW, what is your answer to my question? Yes, no or maybe?
Jeff
mulberryhawk wrote:As a keen trend follower jeff im sure i dont need to point out to you the direction of this particular trend
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Im sure merv will be delighted to hear from you jeffBTW, if you want to email Mr King to tell him what a great job he's doing, his email address is apparently [email protected].
As regards trend following I seem to remember someone saying they wouldent touch us bonds with a "barge pole" last september.....thats a trend I would have like to caught
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[quote="Ferru123"]That makes sense, although personally I wouldn't touch US bonds with a bargepole right now!
You have a short memory Jeff, or is that a selective one
Im not evading the question, maybe inflation will continue to drop maybe it will rise a bit. I dont pretend to be that smart that I can out think central bankers.
The point is that the inflation in the UK is not being driven by an overheating economy. Its due to high international energy and food prices which are out of his control.
You have a short memory Jeff, or is that a selective one
Im not evading the question, maybe inflation will continue to drop maybe it will rise a bit. I dont pretend to be that smart that I can out think central bankers.
The point is that the inflation in the UK is not being driven by an overheating economy. Its due to high international energy and food prices which are out of his control.
- superfrank
- Posts: 2762
- Joined: Fri Aug 14, 2009 8:28 pm
nope, it's due to currency debauchment via QE.mulberryhawk wrote:The point is that the inflation in the UK is not being driven by an overheating economy. Its due to high international energy and food prices which are out of his control.
i've written to Merv in the past (and asked him to resign a couple of times!) and always get a reply but it's a waste of time - he does what his masters tell him to do. i don't think he's a bad bloke really (secretly he knows the score), but, like electricity, he always chooses that path of least resistance.
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would that be the currency debauchment that has seen sterling gain nearly 10% on the euro in the last six months ?superfrank wrote: nope, it's due to currency debauchment via QE.
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Apologies if my tone is sarcastic, its not intentional.
Also I think your good self has adopted a sarcastic tone is pouring scorn on mervyn king et al on their handling of the economy so double standards .
Hence my posting on this thread in the first place, to push against the one sided nature of the analysis.
Also I think your good self has adopted a sarcastic tone is pouring scorn on mervyn king et al on their handling of the economy so double standards .
Hence my posting on this thread in the first place, to push against the one sided nature of the analysis.