Tuesday, Oct 20, 2009
Quantitative Easing - but not quite as the BoE imagined it
Evening Standard: Cheap money offers that beggar belief
Just when you think the banks have exhausted their capacity to deliver a surprise, along comes something else which just takes your breath away.
Funny money lining affluent pockets and not going to SMEs. This is causing the dash for trash and anything providing a marginal return.
Posted by crash n burn @ 10:24 PM (535 views) Add Comment
2 Comments
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1. drewster said...
If we do get a pound-fuelled carry trade, won't Sterling fall off a cliff?
2. fallingbuzzard said...
Why borrow in pounds when you can get it in dollars.