Monday, Jan 19, 2009
green light for quantitative easing being given to the Bank of England
cnbc: BoE Gets Green Light for Quantitative Easing
On looking at the UK government's second bank bailout package details, Peter Dixon from Commerzbank Securities noted that one of the aspects of the package was the green light for quantitative easing being given to the Bank of England.
Posted by chris @ 10:05 PM (771 views) Add Comment
7 Comments
- If you do not have an admin password leave the password field blank.
- If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
1. whiteknight said...
OZYMANDIAS
I met a traveller from an antique land
Who said: Two vast and trunkless legs of stone
Stand in the desert. Near them on the sand,
Half sunk, a shatter'd visage lies, whose frown
And wrinkled lip and sneer of cold command
Tell that its sculptor well those passions read
Which yet survive, stamp'd on these lifeless things,
The hand that mock'd them and the heart that fed.
And on the pedestal these words appear:
"My name is Ozymandias, king of kings:
Look on my works, ye Mighty, and despair!"
Nothing beside remains: round the decay
Of that colossal wreck, boundless and bare,
The lone and level sands stretch far away
2. hpwatcher said...
I love Shelly....
3. mrmickey said...
Brown should have the poem stamped on his forehead.
4. holding out said...
It's apt for Brown, but unfortunately he sees himself more like the character in If..
Get ready for some pitch and toss with what's left of the UK economy - I expect the same result: loss and no comment.
5. 51ck-6-51x said...
I can't see that video from work, however I think there permission was not given to the BoE to increase the money supply.
The £50bn allowance for purchases is being funded through the sale of treasuries, which is not printing money and hence not quantitaive easing (since QE is printing money to purchase securities, not just purchasing securities).
Searching Google news for "Peter Dixon" "Quantitative Easing" yields three articles, in none of which does he say anything of the sort.
6. 51ck-6-51x said...
^^ delete 'there' [oops]
7. 51ck-6-51x said...
In fact, here it is explicitly in The Telegraph