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Realistbear

Bank Of England Questioned On Inflation And Regulation - Live

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11.04am: Banking expert Peter Thal Larsen of Reuters isn't impressed by the committee's performance (which does seem to have rather focused on trying to get King to criticise George Osborne's legislative timescale).

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Yup. Merv looks like he is going to nod off--doesn't come accross as a vigilant type.

The drama has already been written and the banksters are just going through the motions to try to show the public they do not need to go Egypt.

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Merv just happily confirmed, there is going to be a squeeze.

He was happy, as he admitted he has set the course, but where the squeeze falls hardest is a political decision.

Good luck to all you adding to your debt.....pray you are not the one the squeeze is coming to.

EDIT

The panel all seem to have their hair in a mess...clearly, to give the impression they have been working really, really, really hard...at their desks.

He further confirms that ONLY NOW, are the costs of the 2008 debacle BEGINNING to be felt....hes very sorry about the bonuses people are paid in FInance, but the poor man in the street has a gripe with the politicians....not HIM.

Edited by Bloo Loo

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Guest sillybear2

Merv just happily confirmed, there is going to be a squeeze.

online-marketing-squeeze-page_id156521_size485.jpg

As I've said before, the last two and a half years were simply one giant bridging loan, luckily the financial sector is now back to business as usual (with permanent state support) just in time for everyone else to get a good kicking where it hurts.

Edited by sillybear2

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http://www.bloomberg.com/news/2011-03-01/king-says-raising-interest-rate-to-make-a-gesture-would-be-self-defeating.html

King Says Raising Rate to Make a Gesture Is Self-Defeating
Bank of England Governor Mervyn King said increasing the benchmark interest rate to make a gesture in the fight against inflation would be “self-defeating.”
“To raise interest rates just to make a signal, a gesture is self-defeating,” King told lawmakers in London today. It would “undermine the whole point of this framework,” he added.

Merv just remained vigilant. I think he is right--the economy is too fragile and HPI is UK Plc.

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Merv just happily confirmed, there is going to be a squeeze.

He was happy, as he admitted he has set the course, but where the squeeze falls hardest is a political decision.

Good luck to all you adding to your debt.....pray you are not the one the squeeze is coming to.

EDIT

The panel all seem to have their hair in a mess...clearly, to give the impression they have been working really, really, really hard...at their desks.

He further confirms that ONLY NOW, are the costs of the 2008 debacle BEGINNING to be felt....hes very sorry about the bonuses people are paid in FInance, but the poor man in the street has a gripe with the politicians....not HIM.

lol, I see it the otheer way. The squeeze could mean anything, it could well be not atatcking those in debt but going after those with savings even more

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Merv just happily confirmed, there is going to be a squeeze.

He was happy, as he admitted he has set the course, but where the squeeze falls hardest is a political decision.

Good luck to all you adding to your debt.....pray you are not the one the squeeze is coming to.

EDIT

The panel all seem to have their hair in a mess...clearly, to give the impression they have been working really, really, really hard...at their desks.

He further confirms that ONLY NOW, are the costs of the 2008 debacle BEGINNING to be felt....hes very sorry about the bonuses people are paid in FInance, but the poor man in the street has a gripe with the politicians....not HIM.

Good old mervyn just wheeled out a financial version of the nuremberg defence.

Un ******ing real.

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Guest sillybear2

Good old mervyn just wheeled out a financial version of the nuremberg defence.

Un ******ing real.

He's just doing his job, he's paid to protect the interests of his customers (the banks) and every policy is geared towards that end, the wider national interest is secondary, if at all.

Move along now.

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  • 311 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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