geoffk Posted June 24, 2009 Share Posted June 24, 2009 facing the monetary committee in parliament. channel 502 sky. Quote Link to comment Share on other sites More sharing options...
Yorkshire Lad Posted June 24, 2009 Share Posted June 24, 2009 (edited) King: If you withdraw fiscal stimulus too soon downturn may resume printy printy Edited June 24, 2009 by Yorkshire Lad Quote Link to comment Share on other sites More sharing options...
geoffk Posted June 24, 2009 Author Share Posted June 24, 2009 Bullshitters bullshitting bullshitters... Quote Link to comment Share on other sites More sharing options...
Jason Posted June 24, 2009 Share Posted June 24, 2009 Give us the heads up! Quote Link to comment Share on other sites More sharing options...
Injin Posted June 24, 2009 Share Posted June 24, 2009 Bullshitters bullshitting bullshitters... 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. Quote Link to comment Share on other sites More sharing options...
IDN Posted June 24, 2009 Share Posted June 24, 2009 could somone give us a running commentary of this please- i know what merv will say (ie he wants to continue with QE) Quote Link to comment Share on other sites More sharing options...
self Posted June 24, 2009 Share Posted June 24, 2009 I've got video but no audio on bloomberg website. Quote Link to comment Share on other sites More sharing options...
geoffk Posted June 24, 2009 Author Share Posted June 24, 2009 kING DOES NOT BELIEVE WE HAD A UNSUSTAINABLE BUBBLE... :angry: Quote Link to comment Share on other sites More sharing options...
Yorkshire Lad Posted June 24, 2009 Share Posted June 24, 2009 Live Feed on tinternet: http://www.bloomberg.com/avp/avp.htm?clipSRC=LiveUK Quote Link to comment Share on other sites More sharing options...
Injin Posted June 24, 2009 Share Posted June 24, 2009 kING DOES NOT BELIEVE WE HAD A UNSUSTAINABLE BUBBLE... :angry: Want to get back to "normal" PRINTY PRINTY!! Quote Link to comment Share on other sites More sharing options...
Errol Posted June 24, 2009 Share Posted June 24, 2009 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. Quote Link to comment Share on other sites More sharing options...
geoffk Posted June 24, 2009 Author Share Posted June 24, 2009 KING" i feel more uncertain now than ever" Quote Link to comment Share on other sites More sharing options...
self Posted June 24, 2009 Share Posted June 24, 2009 So is today where he will say if he's going to continue with QE? Quote Link to comment Share on other sites More sharing options...
Injin Posted June 24, 2009 Share Posted June 24, 2009 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. Quote Link to comment Share on other sites More sharing options...
Yorkshire Lad Posted June 24, 2009 Share Posted June 24, 2009 This was March: http://www.guardian.co.uk/business/2009/ma...overnor-bankingBritain 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 Quote Link to comment Share on other sites More sharing options...
Joey Buttafueco Jr Posted June 24, 2009 Share Posted June 24, 2009 Got the exact quote? This could be a classic. He must be a moron though. That's not what he said Quote Link to comment Share on other sites More sharing options...
geoffk Posted June 24, 2009 Author Share Posted June 24, 2009 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" Quote Link to comment Share on other sites More sharing options...
bogbrush Posted June 24, 2009 Share Posted June 24, 2009 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.... Quote Link to comment Share on other sites More sharing options...
HAMISH_MCTAVISH Posted June 24, 2009 Share Posted June 24, 2009 (edited) 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 June 24, 2009 by HAMISH_MCTAVISH Quote Link to comment Share on other sites More sharing options...
self Posted June 24, 2009 Share Posted June 24, 2009 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. Quote Link to comment Share on other sites More sharing options...
bobthe~ Posted June 24, 2009 Share Posted June 24, 2009 (edited) 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 June 24, 2009 by bobthe~ Quote Link to comment Share on other sites More sharing options...
self Posted June 24, 2009 Share Posted June 24, 2009 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. Quote Link to comment Share on other sites More sharing options...
Iron Man Posted June 24, 2009 Share Posted June 24, 2009 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. Quote Link to comment Share on other sites More sharing options...
Timm Posted June 24, 2009 Share Posted June 24, 2009 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? Quote Link to comment Share on other sites More sharing options...
tinker Posted June 24, 2009 Share Posted June 24, 2009 (edited) 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 June 24, 2009 by tinker Quote Link to comment Share on other sites More sharing options...
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