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  1. Wont this encourage banks to reposess if a FTB gets into trouble, to make sure they are covered by the governement scheme before prices drop too much?
  2. This was being discussed in the business bit on BBC Breakfast this morning. They had some banking expert who was asked to comment about Iceland's decision to go to a referendum. His reply was that the problem with Iceland was that it was perhaps too democratic!!! Nearly spat out my cornflakes.
  3. QE starts to get a bit tight next year and given CPI is likely to rise early next year. I suspect they want the election to be over with before there is a chance of any failed auctions of government debt.
  4. I suppose the question is does this mean we are more likely for a downgrade sooner?
  5. http://ftalphaville.ft.com/blog/2009/12/09/88001/better-at-football-and-sovereign-risk/ Which means, perhaps, that Wednesday’s pre-Budget report just managed to lose the UK the sovereign equivalent of the 2006 World Cup. Thanks Darling!
  6. I agree, HPC is about listening to a wide range of opinions and making your own mind up who you think is most likely be accurate. I dont think Scepticus is trolling anymore than anyone else (although he does post a lot). Dont necessarily agree with him but a range of views I think is far better than just one being forced on us.
  7. Good article, Zero hedge doesnt often focus on the UK so its Interesting to see their take, especially:
  8. Anyone know how close the UK government’s deficit is to exceeding 40% of its expenditures?
  9. Of course its wildly dangerous, the QE is supporting the government's borrowing, if it stops, the government is going to have to pay a lot more for its debt. Labour has no exit strategy, the Tories need to stop it and get it over with as soon as they can.
  10. This link should work: http://www.telegraph.co.uk/news/worldnews/europe/ireland/6251741/Vatican-issues-Lisbon-Treaty-warning-to-Irish-voters.html This indeed could be a game changer. Anecdotally I was over in Dublin a few weeks ago. The city was full of advert boards about the vote, there were probably 5 adverts asking people to vote yes for every advert asking them to vote no.
  11. Of course its working, but not for the reason they say, they are monetizing the government's debt to stop them from going bankrupt. Mr Mugabe would be proud.
  12. May be not irreversible but they arent going to reverse it. See: http://cynicuseconomicus.blogspot.com/2009/09/bank-of-england-bills-and-printing.html Questions and answers to the BoE, some extracts: Note the misdirection in suggesting that they are buying 'assets' from the public sector. Whether directly or indirectly, they are buying government debt, and therefore they are supporting the purchase of government debt. Note also, that they are talking of when the economy recovers, and also implying that they will sell the government debt back. However, the prospect of sales of Bank of England bills in place of reselling the bonds directly contradicts this. and
  13. Funny you should mention proof: http://www.zerohedge.com/article/smoking-g...ontrolling-gold
  14. So is this not a way to get the QE money to prop up prices? We have seen the stock market ramp caused in part by QE, could the same happen with HP?
  15. Its not: http://tickerforum.org/cgi-ticker/akcs-www?post=103335 http://market-ticker.denninger.net/
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