crash2006 Posted July 24, 2009 Share Posted July 24, 2009 But even if the BOE has cleared up one source of confusion, a greater one remains. The BOE's inflation model relies almost entirely on estimates of the output gap, a subjective process that depends on what one believes to be the productive potential of the economy. Modern central bank theory has little place for the money supply or credit growth in inflation. As the BOE flounders over quantitative easing, that is a serious omission. http://online.wsj.com/article/SB124843592408678843.html guess some of you are interested in this. Quote Link to comment Share on other sites More sharing options...
MOP Posted July 24, 2009 Share Posted July 24, 2009 http://online.wsj.com/article/SB124843592408678843.htmlguess some of you are interested in this. How dare the yanks make fun of our BOE! :angry: Quote Link to comment Share on other sites More sharing options...
lowrentyieldmakessense(honest!) Posted July 25, 2009 Share Posted July 25, 2009 mess looks like they have been doing a good job thieving to me when will people wake up though Quote Link to comment Share on other sites More sharing options...
Guillotine Posted July 25, 2009 Share Posted July 25, 2009 messlooks like they have been doing a good job thieving to me when will people wake up though The likelihood of an American plutocrat, born in the 17th century, waking up tomorrow is pretty slim you know. Quote Link to comment Share on other sites More sharing options...
shedfish Posted July 25, 2009 Share Posted July 25, 2009 I wander what the equivalent to an ipod was in 1694? i reckon a hymn book with a fancy leather cover Quote Link to comment Share on other sites More sharing options...
Y-QUERK Posted July 25, 2009 Share Posted July 25, 2009 I wander what the equivalent to an ipod was in 1694? Quote Link to comment Share on other sites More sharing options...
shedfish Posted July 25, 2009 Share Posted July 25, 2009 (edited) Edited July 25, 2009 by ɥsıɟpǝɥs Quote Link to comment Share on other sites More sharing options...
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