Tuesday, Sep 28, 2010
It's not enough you serfs - says King - get spending more
Independent: Britons' saving falls by a fifth over 2010
As per title really, no great surprises in store. However:
"Around 68% of people expect the Bank of England base rate to increase during the coming 12 months".
Logically i'm inclined to agree but, then again, who says logic must dictate fiscal policy?
Posted by sibley's b'stard child @ 09:25 AM (605 views) Add Comment
5 Comments
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1. Crunchy said...
For what it's worth, I'm convinced that King can do nothing to effect the economy, except print money.
Interest rates are useless now. King has had his many chances and ignored them.
Globalism sucks.
2. mark said...
His comment in the telegraph amazes me this is my comment to the BOE "go and f$ck yourselves"
3. mrflibble said...
People should spend their money on Gold and other currencies. When nobody is prepared to hold the BoE's worthless paper anymore they'll will be forced to do something about it.
Sterling is having a nice little rally at the minute, don't waste it, use it to buy cheaper gold or better currencies... Why the hell should you hold a junk currency that doesn't even pay a return close to inflation?
4. Slartibartfast said...
The aggregate currency is only worth what the country can produce in goods and services.
There is more and more currency and the country is producing less and less.
How much aggregate currency was there before the bubble started in 95. I'd say the aggregate currency has grown many multiples above the growth of real products and services. That should give us some idea what the pound is really worth.
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