eric pebble Posted December 14, 2010 Share Posted December 14, 2010 It's time for Plan B: Fears growing that economy could crash AGAIN. Senior Government officials are drawing up a 'Plan B' as fears grow that another sharp downturn could cripple Britain. Cabinet Secretary Sir Gus O'Donnell is believed to have drawn up a top secret paper calling on the Government to consider yet more quantitative easing in a bid to halt a double-dip recession. The plan - seen by the Financial Times - sets out three options available if a further crunch threatens the economy. Read more: http://www.dailymail.co.uk/news/article-1338501/Its-time-Plan-B-Fears-growing-economy-crash-again.html#ixzz186h1chhT Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted December 14, 2010 Share Posted December 14, 2010 These boozos will cripple us all for decades to come. We are in for the Japanese lost decades. Well done Labour. Quote Link to comment Share on other sites More sharing options...
long time lurking Posted December 14, 2010 Share Posted December 14, 2010 It's time for Plan B: Fears growing that economy could crash AGAIN. Senior Government officials are drawing up a 'Plan B' as fears grow that another sharp downturn could cripple Britain. Cabinet Secretary Sir Gus O'Donnell is believed to have drawn up a top secret paper calling on the Government to consider yet more quantitative easing in a bid to halt a double-dip recession. The plan - seen by the Financial Times - sets out three options available if a further crunch threatens the economy. Read more: http://www.dailymail.co.uk/news/article-1338501/Its-time-Plan-B-Fears-growing-economy-crash-again.html#ixzz186h1chhT Am I just thick and missing something TOP SECCRET PAPPER but the FT has seen it thats one hell of a way to keep a seccret Quote Link to comment Share on other sites More sharing options...
Confounded Posted December 14, 2010 Share Posted December 14, 2010 Am I just thick and missing something TOP SECCRET PAPPER but the FT has seen it thats one hell of a way to keep a seccret It called managing inflation expectations. Quote Link to comment Share on other sites More sharing options...
The Masked Tulip Posted December 14, 2010 Share Posted December 14, 2010 If the economy crashes again house prices will treble... or something like that. TMT in cynical mode. Quote Link to comment Share on other sites More sharing options...
long time lurking Posted December 14, 2010 Share Posted December 14, 2010 It called managing inflation expectations. Yea after reading the full article it all seems normal Quote Link to comment Share on other sites More sharing options...
newbie Posted December 14, 2010 Share Posted December 14, 2010 Some plan is better than no plan? Quote Link to comment Share on other sites More sharing options...
Flob Posted December 14, 2010 Share Posted December 14, 2010 Some plan is better than no plan? Not really, Hitler had a fair few plans in 1945, thankfully it didn't quite work out as he wanted it to. Quote Link to comment Share on other sites More sharing options...
Reck B Posted December 14, 2010 Share Posted December 14, 2010 There was a plan A? Quote Link to comment Share on other sites More sharing options...
Errol Posted December 14, 2010 Share Posted December 14, 2010 Yes, because printing money has always been shown throughout history to be an excellent way of saving an economy. Quote Link to comment Share on other sites More sharing options...
Errol Posted December 14, 2010 Share Posted December 14, 2010 (edited) There was a plan A? Plan A was entitled - 'How the Labour party will destroy Britain and the Country in less than 15 yrs'. (by G. Brown and T. Bliar). Edited December 14, 2010 by Errol Quote Link to comment Share on other sites More sharing options...
General Congreve Posted December 14, 2010 Share Posted December 14, 2010 Saw the report on this on BBC news. It seems plan B is: GO MENTAL WITH THE PRINTING PRESS AND THEN SPUNK LOADS MORE MONEY UP THE WALL!!! (More QE and loads of spending on infrastructure projects). Music to my ears Quote Link to comment Share on other sites More sharing options...
stormymonday_2011 Posted December 14, 2010 Share Posted December 14, 2010 It's time for Plan B: Fears growing that economy could crash AGAIN. Senior Government officials are drawing up a 'Plan B' as fears grow that another sharp downturn could cripple Britain. Cabinet Secretary Sir Gus O'Donnell is believed to have drawn up a top secret paper calling on the Government to consider yet more quantitative easing in a bid to halt a double-dip recession. The plan - seen by the Financial Times - sets out three options available if a further crunch threatens the economy. Read more: http://www.dailymail.co.uk/news/article-1338501/Its-time-Plan-B-Fears-growing-economy-crash-again.html#ixzz186h1chhT Let me guess the three options are 1. Bail out the banks. Free money for the City to punt on commodities. Tax rises and spending cuts for the rest of us 2. Bail out the banks. Free money for the City to punt on commodities. Tax rises and spending cuts for the rest of us 3. Bail out the banks. Free money for the City to punt on commodities. Tax rises and spending cuts for the rest of us Not much of a secret really Quote Link to comment Share on other sites More sharing options...
The Masked Tulip Posted December 14, 2010 Share Posted December 14, 2010 US has just kept IRs on hold and maintained the 600 billion QE. Quote Link to comment Share on other sites More sharing options...
RosieB Posted December 14, 2010 Share Posted December 14, 2010 Dammit, I thought the yield spreads on bonds meant we were through the worst of it. Or something. Does this mean Ann-Margaret's not coming? Quote Link to comment Share on other sites More sharing options...
Hyperduck Quack Quack Posted December 14, 2010 Share Posted December 14, 2010 (edited) What's interesting is that this 'Plan B' is fairly socialist, apparently, with increases in tax and public spending plus printing money. That would be a very big U-turn for the coalition that is currently doing Gordon Browns slashing and burning for him. Edited December 14, 2010 by Hyperduck Quack Quack Quote Link to comment Share on other sites More sharing options...
PricedOutNative Posted December 14, 2010 Share Posted December 14, 2010 Let's get real, the system is broken and we need a new one, let's hope the transition is smooth... Quote Link to comment Share on other sites More sharing options...
dances with sheeple Posted December 15, 2010 Share Posted December 15, 2010 "The economy is busted, and one thing is for sure, somebody did it" Quote Link to comment Share on other sites More sharing options...
eric pebble Posted December 15, 2010 Author Share Posted December 15, 2010 "The economy is busted, and one thing is for sure, somebody did it" Yup. The Banksters. Period. Quote Link to comment Share on other sites More sharing options...
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