Thursday, Jul 02, 2009
Damned if you do
Wallstreet Journal: Timing the Endgame in Government Bonds
and damned if you don't. BoE stopped repurchasing 5% gilts due 2014 and 8% gilts due 2021, and the price plummeted. QE can accordingly be seen as a fake success because they are only temporarily manipulating the market. Increasing UK government debt is becoming problematic.
Posted by stillthinking @ 11:24 AM (430 views) Add Comment
2 Comments
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1. Not Long Now said...
Does anyone have the full article? I don't fancy paying...
2. doggett said...
Google "Timing the Endgame in Government Bonds" and click on the direct link to the article there. (Not a lot to read though).