Friday, Mar 12, 2010
The Pumps are Starting Up Again
ThisisMoney.co.uk: BoE man Dale hints at QE extension
Bank of England man Spencer Dale has hinted that the £200bn quantitative easing plan could be extended, and credited the scheme for soaring share and corporate bond prices.
Posted by jj @ 03:38 PM (755 views) Add Comment
8 Comments
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1. paul said...
The media should be hanging the BoE out to dry on the basis that there's no justification for more QE.
Or is it still deflation?!
2. vacuouspolitician said...
But Paul..."no one has a right to criticise Merv" ...because "I just don't see what Merv has done that is so wrong" ...
Unbelievable!
Spencer - Wake the old duffer up...I can hear him snoring...
3. Brightonrentfodder said...
yes great idea folks, let's crash Sterling before the election! serve them right.
4. dill said...
What do they want - a round of applause?
5. mr g said...
"Monetary Policy Committee member Dale said today that he had little doubt the scheme had contributed 'substantially' to the prices of shares and corporate bonds."
And how the f**k has that helped Joe Public, particularly those who have lost their jobs?
T**sers like Dale live in a parallel universe.
Parasite!
6. bystander said...
"d credited the scheme for soaring share and corporate bond prices.".....and this is a sign of a flourishing economy - a mirage of a healtthy market fed with nearly free money. This is soon going to get to the point where the market can't work without QE and then the market will truly begin to show its true nature - a bullying non-entityt desperate to keep control at whatever cost - sound like anyone in government. The banks and the 'market' now believes itself, literally more important than anything else, and this is a bad, bad thing for many , many reasons. Not least of all is the fact that it appears to be populated by 'men' and 'women' who have not progressed passed the 'id' stage of childhood development. Oh and just another little statement of fact - trading in the markets, in whatever form, is gambling and I am sick to death of those boys and girls of the hallowed square mile and Wall Street, to name but two, telling me it is all down to hard work, research and skill, so is betting on the races, but one is gambling and the other is a 'profession'.
7. nomad said...
"Monetary Policy Committee member Dale said today that he had little doubt the scheme had contributed 'substantially' to the prices of shares and corporate bonds."
It has also offered 'substantial' support to bankers' bonuses.
8. mander said...
The man spoke out:
'Asset prices have increased substantially`
It tells us that this what QE is after. However printed money is the most dangerous thing to replace failed utopic derivatives with. I prepare for the worst.