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geoffk

Mervin King On Bloomberg Now

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Bullshitters bullshitting bullshitters... :lol:

Fielded questions and easy answers back - would you like to be on TV guys?

oh yes, that would be lovely!

more printing, Merv?

yes but we sill stop before inflation hits - honest!

Pathetic. What's worse they'll actually fool many watching.

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could somone give us a running commentary of this please- i know what merv will say (ie he wants to continue with QE)

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kING DOES NOT BELIEVE WE HAD A UNSUSTAINABLE BUBBLE... :angry:

Got the exact quote? This could be a classic. He must be a moron though.

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So is today where he will say if he's going to continue with QE?

I think he's had a "printy printy!!" tattoo done, speically for the occassion.

One on each **** cheek - the finale of this session will be him mooning that boring jock at the back.

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This was March:

http://www.guardian.co.uk/business/2009/ma...overnor-banking

Britain cannot afford any further fiscal stimulus, King warns

Mervyn King urges the government not to introduce more fiscal aid in next month's budget as Britain's public finances are already in such dire straits

and he said this today:

If you withdraw fiscal stimulus too soon downturn may resume

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Got the exact quote? This could be a classic. He must be a moron though.

question..."what i am trying to get at was this a unsustainable bubble"

king "i don't believe that was a unsustainable bubble>>. pause.. in at least in output growth.. in output growth"

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question..."what i am trying to get at was this a unsustainable bubble"

king "i don't believe that was a unsustainable bubble>>. pause.. in at least in output growth.. in output growth"

surely that's a meaningful qualification though....

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We are comitted to keeping rates low, and tackling inflation....

improvement in housing market, albeit from a low level......

Some indication the fall in prices stabilising.....

positive indications form lenders.....

impact from recession on arrears could continue or increase even whilst housing market picks up

should do everything possible to avoid reposessions.....

activity picking up, hope to see it continue, but still a year or 18 months from normal levels of activity.....

repo at lower levels than last crash.....

Edited by HAMISH_MCTAVISH

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TBH, they're talking shit again. Lies, lies, lies. What a ******ing surprise.

If the frikkin Governor of the BOE can't see a bubble, we're all ******ed.

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TBH, they're talking shit again. Lies, lies, lies. What a ******ing surprise.

If the frikkin Governor of the BOE can't see a bubble, we're all ******ed.

He said there wasn't an unsustainable bubble in "output growth".

Perhaps someone could elaborate on the phrase output growth?

(Edit to add "unsustainable")

Edited by bobthe~

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Do we even have a deficit plan? I thought Brown's plan was to "invest" our way out of recession. I.E spend MORE money.

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This is a complete farce and Merv's head should be put on a stake at Westminster.

Why can't they see that the longer the economy is propped up the more damage we will see in the future. They should let the market find its own level.

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I've just been told he said they needed to have a plan to exit government spending, depending on the strenght of the economy if it recovers.

Can anyone confirm / refute this?

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I seriously believe that this country is so screwed, simply because those that allowed this completely unsustainable and illusory bubble to develop will not admit that they were wrong. There solutions are more of the same - more debt piled on debt.

It is criminal. These leaders have betrayed the people, and are lying their asses off.

When Brown says will with 'invest' out of recession, nobody seems to ask: where is the money coming from; what genuine wealth creating measure will pull this country out of this recession.

The answer is not to get the banks lending money to people to buy overpriced house, thus sucking more money out of the economy.

I truly despair when I hear Merv, Brown and his cabal of troughing incompetents.

We will not begin to get out of this mess until anyone associated with it is gone.

edit: grammar

Edited by tinker

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