[inflating]

http://uk.reuters.co...E82R0WS20120328

Quote

(Reuters) - The European Central Bank and Bank of England have probably reached the end of their campaign to prime the banking system with hundreds of billions of euros and pounds, a Reuters poll showed on Wednesday.

A further loosening in monetary policy by the two central banks is seen as unlikely after several years on a crisis footing. Most economists said they would digest how their economies fare over the next couple of years before acting again.

Probably

[Bloo Loo]

ah, the polled believe everything is fixed.

The plan is working.

better borrow some money to invest!

[zebbedee]

This a couple of days after the Ben Bernanke says they WILL print until the markets stop falling and to hell with the currency. I know what I believe, a junky only needs one more hit.

[satch]

zebbedee, on 29 March 2012 - 10:08 AM, said:

This a couple of days after the Ben Bernanke says they WILL print until the markets stop falling and to hell with the currency. I know what I believe, a junky only needs one more hit.

From SKY

OECD forecasters say Britain is in recession

Merv, get that printer fired up we need to be up to £500bn by the end of the year

This post has been edited by satch: 29 March 2012 - 10:12 AM

[inflating]

UK back in recession http://www.telegraph...-says-OECD.html
In a major blow for the Chancellor, the Organisation for Economic Co-operation and Development (OECD) has calculated that the UK economy shrank in the first three months of the year..... After three months of negative growth at the end of last year, that would mean the UK has double-dipped back into a recession.

No more printy printy, despite this? Junkie going cold turkey, at long last?

[Sour Mash]

About the only thing this poll tells us is that 'most economists' don't have a clue.

The printing will continue until the debts are magicked away (with trillions of bad bank debt, this will be a looooong way away) or the system collapses .. whichever is first.

[Killer Bunny]

inflating, on 29 March 2012 - 09:57 AM, said:

CORRECTED

(Reuters) - The European Central Bank and Bank of England have probably reached the end of their campaign to prime the banking system with hundreds of billions of euros and pounds, a Reuters poll showed on Wednesday.

A further loosening in monetary policy by the two central banks is seen as unlikely after several years on a crisis footing. Most economists said they would digest how their economies STOCK MARKETS fare over the next couple of years WEEKS AND MONTHS before acting PRINTING WITH ABANDON again.

[okaycuckoo]

I do think QE will last for another 10+ years, but they have to take time to figure out the lasting effect on commodities and consumption.

My guess is the Fed will talk about it for the rest of year, then deliver the next round when Obama is elected again.

[zugzwang]

okaycuckoo, on 29 March 2012 - 01:40 PM, said:

I do think QE will last for another 10+ years, but they have to take time to figure out the lasting effect on commodities and consumption.

My guess is the Fed will talk about it for the rest of year, then deliver the next round when Obama is elected again.

Maybe we'll have more QE, but not as you say until after Barry's 2nd coronation.

And maybe next time it won't be QE at all, but a more direct form of monetisation?

But job Number One for the Fed (and the BoE) is the bond market. Yields on the 10 yr are creeping up, in the US at least, which neither can afford. I think Benny and Mervo will pull the rug from under the fraudexes and chase a lot of institutional money back into fixed income by declaring *QE: Mission Accomplished* this Spring. Selling the QE maturities back to the banks and pension funds could help cement the deal.

It's putting lipstick on a pig, of course. But what other options do they have? More energy inflation at this point would be calamitous.

[scepticus]

okaycuckoo, on 29 March 2012 - 01:40 PM, said:

I do think QE will last for another 10+ years, but they have to take time to figure out the lasting effect on commodities and consumption.

My guess is the Fed will talk about it for the rest of year, then deliver the next round when Obama is elected again.

Sounds about right.

The real fun is what to do when all the bonds have been bought up and they still want to inject some extra liquidity, or to try and facilitate lower real rates, and the treasury is refusing to run a deficit.