pilchardthecat Posted March 13, 2009 Share Posted March 13, 2009 .... uncharted territory. Maybe they will (scottish accent) kickstart the global economy and get lending moving again.... What would happen then? Eh? Eh? Eh? Eh? Quote Link to comment Share on other sites More sharing options...
cashinmattress Posted March 13, 2009 Share Posted March 13, 2009 It will only work if you understand the binary language of moisture evaporators.... Eh? Quote Link to comment Share on other sites More sharing options...
copper crutch Posted March 13, 2009 Share Posted March 13, 2009 .... uncharted territory.Maybe they will (scottish accent) kickstart the global economy and get lending moving again.... What would happen then? Eh? Eh? Eh? Eh? That would be the worst case scenario, then we would have nothing to get excited about, no it wont work, everything is going to crash, its all doom and gloom. Just the way we like it. Quote Link to comment Share on other sites More sharing options...
Injin Posted March 13, 2009 Share Posted March 13, 2009 yes it will work. The aim of it is to buy lots of assets for insiders before the lot comes crashing down though, not to help anyone. Quote Link to comment Share on other sites More sharing options...
wonderpup Posted March 13, 2009 Share Posted March 13, 2009 What would happen then? Brown would be a national hero- there would be parades through crowds of citizens weeping with gratitude, there would be statues erected in every town square of a rampant prime minister in his pomp- beautiful women would throw themselves at his feet, and then....and then.....and then he wakes up. Quote Link to comment Share on other sites More sharing options...
Nicholas Cage Posted March 13, 2009 Share Posted March 13, 2009 .... uncharted territory. Yes there is a chance it will work, there is also a chance it will make things worse and a chance it will do nothing at all. The odds seem to be it will make things worse, or stretch out the depression. Quote Link to comment Share on other sites More sharing options...
Kazuya Posted March 13, 2009 Share Posted March 13, 2009 yes it will work.The aim of it is to buy lots of assets for insiders before the lot comes crashing down though, not to help anyone. So the QE isn't to introduce more money into the economy? Quote Link to comment Share on other sites More sharing options...
XswampyX Posted March 13, 2009 Share Posted March 13, 2009 It won't work, wave a magic wand and Great Britain is well Great again.... ....How can we be the only country to prosper when the rest of the world has gone to sh*t in a basket? It's the whole world or nuffink, innit? It's a global problem that started in London. Quote Link to comment Share on other sites More sharing options...
DementedTuna Posted March 13, 2009 Share Posted March 13, 2009 (edited) So the QE isn't to introduce more money into the economy? Would have thought that would have been pretty obvious from the moment it became clear that the vast majority of the money left the country as soon as it was issued... Edited March 13, 2009 by DementedTuna Quote Link to comment Share on other sites More sharing options...
uncle rogi Posted March 13, 2009 Share Posted March 13, 2009 every time it has been tried before it fails or makes things worse. 4000+ years and counting. Quote Link to comment Share on other sites More sharing options...
24gray24 Posted March 13, 2009 Share Posted March 13, 2009 I read somewhere the gross amounts owed by the banks worldwide are 600 Trillion and the net amounts are guesstimated at 14 Trillion. The Fed has so far given away 1 Trillion (?) and GB far less. I can't believe there are even enough Monopoly sets in the country to make this work. But I'm no expert. Quote Link to comment Share on other sites More sharing options...
Guest UK Debt Slave Posted March 13, 2009 Share Posted March 13, 2009 So the QE isn't to introduce more money into the economy? hehehe What a sham it is And what a sad bunch of suckers people are to believe QE will work QE = create credit out of thin air, pump it into the economy and hope for the best. People are so dumb. I've had a few beers and frankly, I can't even be bothered to explain why it wont work Quote Link to comment Share on other sites More sharing options...
STRLondon Posted March 13, 2009 Share Posted March 13, 2009 every time it has been tried before it fails or makes things worse.4000+ years and counting. it worked in germany didnt it? arent we still paying back our post war debts, theirs was written off? Quote Link to comment Share on other sites More sharing options...
Ted Posted March 13, 2009 Share Posted March 13, 2009 I don't think it will work, you can't print wealth. Time will tell. Quote Link to comment Share on other sites More sharing options...
Super Mario Posted March 13, 2009 Share Posted March 13, 2009 every time it has been tried before it fails or makes things worse.4000+ years and counting. 4000+ years eh? Didn't think they had printing presses back then Quote Link to comment Share on other sites More sharing options...
spivT Posted March 13, 2009 Share Posted March 13, 2009 define what you mean by 'work' some people think japan's qe 'worked' so in the context of QE the bar is quite clearly very very low, hence the meejia reporting it as a 'success' for the BoE after only two days. Quote Link to comment Share on other sites More sharing options...
pilchardthecat Posted March 13, 2009 Author Share Posted March 13, 2009 define what you mean by 'work' Now that is a very good point. In a years time, even if things are bad, the BBC and Brown will say "well it would have been even worse....." Quote Link to comment Share on other sites More sharing options...
BecksMyCat Posted March 13, 2009 Share Posted March 13, 2009 it worked in germany didnt it? arent we still paying back our post war debts, theirs was written off? I think we paid off the last of the post war debts to America during the Blair years. Quote Link to comment Share on other sites More sharing options...
SarahBell Posted March 13, 2009 Share Posted March 13, 2009 If you feed a smack head more heroin then they continue to be addicted to it. To get them off the smack you need them to go cold turkey. Which is painful, really horrid and unpleasant. Think of debt as heroin. The UK is a debt junkie. Gordon's the dealer. Quote Link to comment Share on other sites More sharing options...
BecksMyCat Posted March 13, 2009 Share Posted March 13, 2009 It might help a little bit, but things are not going to start improving until the American housing market reaches bottom. Things still seem to be at full crash speed over there, so we are all screwed. Quote Link to comment Share on other sites More sharing options...
IMHAL Posted March 13, 2009 Share Posted March 13, 2009 define what you mean by 'work'some people think japan's qe 'worked' so in the context of QE the bar is quite clearly very very low, hence the meejia reporting it as a 'success' for the BoE after only two days. Meejia goin soft? They reported Irag a success after just one day Quote Link to comment Share on other sites More sharing options...
okaycuckoo Posted March 13, 2009 Share Posted March 13, 2009 My hunch is that it will help arrest HPC by year's end. At the same time the equity markets will improve. Broon will wage his election campaign on these achievements, but it's just a calm interlude. NuLab still lose, although narrowly. Brown is thrown overboard, and the Tories struggle to bring the ship's bow around in the face of the gathering Perfect Storm. Quote Link to comment Share on other sites More sharing options...
Winston Wolf Posted March 13, 2009 Share Posted March 13, 2009 (edited) If you feed a smack head more heroin then they continue to be addicted to it. To get them off the smack you need them to go cold turkey. Which is painful, really horrid and unpleasant. Think of debt as heroin. The UK is a debt junkie. Gordon's the dealer. The people wont put up with something that is painfull and horrid so Gordon is going to try and put them on methadone. Gordon is the doctor wether or not he turns out to be Harold Shipman in disguise is another matter. Edited March 13, 2009 by Mr Grumpy Quote Link to comment Share on other sites More sharing options...
Jin Posted March 13, 2009 Share Posted March 13, 2009 4000+ years eh? Didn't think they had printing presses back then Hyperinflation via currency destruction dates back to roman times. I'll forgive him for being a few years out. Quote Link to comment Share on other sites More sharing options...
yokel Posted March 13, 2009 Share Posted March 13, 2009 (edited) Will it `work' There hasn't been one initiative in GB's response to the recession which has come with measurable objectives against which to judge success. Why don't the journos at the initiative launch press conferences start making an investment in future stories by asking `how will success be measured for this and over what timescale?' VAT reduction Base rate reduction stamp duty holiday bank recapitalisation mortgage rollover for `hard working families' more bank capitalisation and nationalisation car loans Pleading with banks to lend more QE etc, etc `We're doing this to try to help families/businesses/the economy/the banks' is criminally vague when throwing these sums of money around. Y Edited March 13, 2009 by yokel Quote Link to comment Share on other sites More sharing options...
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