Thursday, Nov 05, 2009
Lobs money
Mail: Bank throws another £25bn at recession
Never would have thought moving a few electrons would make such a difference - if only they had to print the stuff at least some jobs would be created
Posted by matt_the_hat @ 12:05 PM (1722 views) Add Comment
25 Comments
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1. matt_the_hat said...
just so we know what it looks like 10111010010000111011011101000000000
2. jack c said...
Matt, if we stack em up as a stash of notes (£20's) would they stretch to the Moon?
3. matt_the_hat said...
jack c - amazing and most people work a year for a stack that wouldn't reach an ankle
4. righttoleech said...
Enough for 5000 Japanese style junctions like the new one at Oxford Circus. Only £5m to move some railings and paint the road markings. So hard for us to earn it, so easily and shamefully wasted
5. 51ck-6-51x said...
matt_the_hat said, "Never would have thought moving a few electrons would make such a difference"
- Like it, but...
Tell that to the likes of Rasul Kudaev
( remember I = dQ / dt, and that it's the current density, J = I / A, that actually harms one's body. )
6. 51ck-6-51x said...
oops only "A" was meant to be bold, not ", that actually..."
7. 51ck-6-51x said...
close the bold tag yet again?
8. mountain goat said...
GBP likes the news up 1% since announcement, WTF?
9. mark said...
when will this madness stop?
We cant keep spending money like this, it will cost us dear in long run..
wonder what the credit rating of uk is
10. paranoia blue said...
I think that the GBP is rising because there was an expectation of perhaps £50bn.
11. phdinbubbles said...
Something to make the blood boil.
12. timmy t said...
Why are they still called the rate setting comittee? They don't meet to set rates any more, they meet to agree how much money to print.
13. cat and canary said...
I keep thinking of what paul said on here, that QE won't stop, can't stop, that there is no exit strategy. :S
14. quiet guy said...
I count five articles today, so far, concerned with either QE or the American tax credits for property purchases. There appears to be a trend developing.
It's going to be painful stopping this but we must eventually.
15. jack c said...
@mark - I believe it is still triple A rated but my guess is that this will come under considerable pressure to be revised downwards - I have read various views that it can be maintained on the basis that the Tories win the next election and commence sorting out the financial mess - Triple A rating under pressure and Sterling under pressure and a rate rise is on the way much eralier than many maybe anticipate.
16. 51ck-6-51x said...
timmy t said, "Why are they still called the rate setting comittee?"
- They aren't, they are called the Monetary Policy Committee.
17. timmy t said...
6's - thank you for technically correcting my sarcasm! You know what I mean...
18. refusetobuy said...
2.5 * 10^10
Comparisons:
~~ 0.083 * the number of stars in our galaxy (~~ 3x10^11)
~~ 0.24 * the number of people who have ever lived (~~ 1.1x10^11)
~~ 3.8 * the number of people alive today (~~ 6.5x10^9)
19. charlie brooker said...
And for all you hexadecimal fans 25 billion is 5D21DBA00 . . . .
Computer says "Everything is OK"
20. charlie brooker said...
The Governator : Rise of the House Prices
New movie starring Godron Brown, Alistair Darling and Mervyn King.
They absolutely will not stop.
21. phdinbubbles said...
32 9 0 44 26 40 as the Babylonians used to say, but with squiggly things.
22. jonny parker said...
It is only 25 Thousand Million if we use the european (and what we used to use) long scale definition of millions and billions - so not that bad really ;-). Why did we go with the yanks on their use of billion - is it the need to be a billionaire more quickly?
23. matt_the_hat said...
I'm a milliardaire doesn't quite have the same ring.
Once we move completely away from cash that's when the trouble will start, at least coins have some intrinsic value.
24. Simply Sam said...
There are no norms any more. It is like the ground one stands on has been removed. However, if the fall never ends (imagine falling in space!) then everything is OK. Lets move away from earth and discover the universe...Flash Gordon.
25. clockslinger said...
when will this madness stop?....the not very clever diversions from the topic in issue on these posts, I mean.