Posted 05 September 2011 - 07:59 AM
MrFlibble, on 05 September 2011 - 07:53 AM, said:
It's still over 5000. Looking at the 10 year chart the buy time looks to be on approach to 3500. More QE will no doubt keep it well away from there
One of the interesting things to come out of Darling's memoirs yesterday was that Mervynn King allegedly backed the Tory view during the 2008/09 crisis saying that there was no money left to do QE.
Where does that leave Merv now? The Tories are now in power and supposedly against QE. He himself was allegedly against QE so it would be a massive U-turn for both Cameron and King to go down the QE route. How would either justify it? How would King explain where the money comes from now if it was supposedly not there a few years ago?
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