Jump to content
House Price Crash Forum
inflating

Cable Calls For 'imaginative' Printy Printy And Low £

Recommended Posts

http://uk.reuters.com/article/2011/07/24/uk-cable-bank-idUKTRE76N0R420110724

"It is about the Bank of England pursuing policies of low interest rates, which also help keep our exchange rate down and help exports, but also using expansion, quantitative easing in more imaginative ways, not just in acquiring government securities."

"The problem we have is not simply getting growth started again, but it's getting (it) started in a sustainable way. That means it has got to come through business investment, through exports, manufacturing and we are putting in place policies to make sure that happens."

Share this post


Link to post
Share on other sites

low interest rates in a low inflation environment works

low interest rates in a high inflation environment caused by quantitative easing doesnt work.

the ***t

Share this post


Link to post
Share on other sites

low interest rates in a low inflation environment works

low interest rates in a high inflation environment caused by quantitative easing doesnt work.

the ***t

As I said before, next election the only hope is to vote in local, genuine independents (if such exist) and get rid of this lot once and for all

Share this post


Link to post
Share on other sites

As I said before, next election the only hope is to vote in local, genuine independents (if such exist) and get rid of this lot once and for all

...but,but, labour are different this time.

So different, theyve even put economic wonderkid Ed Balls in as shadow Chancellor. :lol:

Share this post


Link to post
Share on other sites

Time to get remaining assests out of Sterling then before they crash it another 30%. Question is besides gold what other options are then? The $ and Euro look equally weak - how long before the ECB start printing too?

Suppose could try opening a foreign currency account. Anyone know of any interest paying Swiss Franc saving accounts?

http://www.citibank.co.uk/personal/banking/international/deposits.htm?merchant=citi

http://www.investec.co.uk/#home/deposits_and_banking_services.html

http://uk.reuters.com/article/2011/07/24/uk-cable-bank-idUKTRE76N0R420110724

"It is about the Bank of England pursuing policies of low interest rates, which also help keep our exchange rate down and help exports, but also using expansion, quantitative easing in more imaginative ways, not just in acquiring government securities."

"The problem we have is not simply getting growth started again, but it's getting (it) started in a sustainable way. That means it has got to come through business investment, through exports, manufacturing and we are putting in place policies to make sure that happens."

Share this post


Link to post
Share on other sites

http://uk.reuters.com/article/2011/07/24/uk-cable-bank-idUKTRE76N0R420110724

"It is about the Bank of England pursuing policies of low interest rates, which also help keep our exchange rate down and help exports, but also using expansion, quantitative easing in more imaginative ways, not just in acquiring government securities."

"The problem we have is not simply getting growth started again, but it's getting (it) started in a sustainable way. That means it has got to come through business investment, through exports, manufacturing and we are putting in place policies to make sure that happens."

Maybe he means using using QE to invest in building new houses? This is good.

Certainly he supports low interest rates to keep the Pound low and falling. This is also good. (I'm 98% out of the Gbp!)

Share this post


Link to post
Share on other sites

So how does QE work?......create money from nothing, to lend out for expenditure to then pay interest on the money that didn't exist in the first place....where do I sign up? ;)

Share this post


Link to post
Share on other sites

Just what we need, yet more inflation. Perhaps I should invest wheelbarrows so people can buy a loaf bread in future!

The daft old fart was advocating more QE on the Andrew Marr show this morning.

Share this post


Link to post
Share on other sites

Time to get remaining assests out of Sterling then before they crash it another 30%. Question is besides gold what other options are then? The $ and Euro look equally weak - how long before the ECB start printing too?

Suppose could try opening a foreign currency account. Anyone know of any interest paying Swiss Franc saving accounts?

http://www.citibank.co.uk/personal/banking/international/deposits.htm?merchant=citi

http://www.investec.co.uk/#home/deposits_and_banking_services.html

I'm thinking what you're thinking. As an expat I can't afford exposure to the pound any more. But where to put it? According to the Big Mac Index there don't seem to be many 'hard' currencies that are especially worth buying into, CHFs in particular look way over-priced.

Share this post


Link to post
Share on other sites

Just what we need, yet more inflation. Perhaps I should invest wheelbarrows so people can buy a loaf bread in future!

Did the person standing in for Marr ask about inflation, food prices etc? Did he ask what will happen to the UK if the USA defaults? Did he ask any questions that really need answering or did it seem he'd not ask Cable anything that might reveal a shrug of the shoulders could be his only course of action?

Share this post


Link to post
Share on other sites

times are hard.

People are short of readies.

This means the reality for many is that there is a shortage of money.

clearly, we can alleviate that shortage by issuing more.

Share this post


Link to post
Share on other sites

times are hard.

People are short of readies.

This means the reality for many is that there is a shortage of money.

clearly, we can alleviate that shortage by issuing more.

So what is the point of working then.....to pay taxes, and to invest/save for the future that eventually becomes worthless. :unsure:

Share this post


Link to post
Share on other sites

I'm thinking what you're thinking. As an expat I can't afford exposure to the pound any more. But where to put it? According to the Big Mac Index there don't seem to be many 'hard' currencies that are especially worth buying into, CHFs in particular look way over-priced.

I'm thinking what you guys are thinking, already got a currency account set up with hsbc but agree everyone seems to be saying the CHF is overpriced. What the hell do we do, it's bloody scary. I was thinking supermarket shares seem pretty stable but then consensus seems to be the stock market is overvalued is well.

Share this post


Link to post
Share on other sites

It has taken about a year for Cable to go from HPC poster boy to numpty.

Agreed...He's sold out.

Something happens to them all, once in power!

Share this post


Link to post
Share on other sites

I'm thinking what you guys are thinking, already got a currency account set up with hsbc but agree everyone seems to be saying the CHF is overpriced. What the hell do we do, it's bloody scary. I was thinking supermarket shares seem pretty stable but then consensus seems to be the stock market is overvalued is well.

Scrappy...I've left an answer to your question on the Investment thread.

Cheers

Share this post


Link to post
Share on other sites

quantitative easing in more imaginative ways,

Building council housing?

Repairing roads?

If housing has been such a huge part of the economy then becoming a house builder for the economies of scale might work.

Share this post


Link to post
Share on other sites

It has taken about a year for Cable to go from HPC poster boy to numpty.

I seem to recall a change of government with the Tories in power were going to sort out HPI too...and that nice John Redwood got a thread all of his own from some troll on this site because he "really understands" your house price concerns! They've trashed our savings and they haven't even got going yet.

Edited by clockslinger

Share this post


Link to post
Share on other sites

I'm thinking what you guys are thinking, already got a currency account set up with hsbc but agree everyone seems to be saying the CHF is overpriced. What the hell do we do, it's bloody scary. I was thinking supermarket shares seem pretty stable but then consensus seems to be the stock market is overvalued is well.

1 CHF is overpriced until we have 15-20pc inflation and they don't, leading to more devaluation here leading to more inflation. Postfinance.ch offers interest, or there is even a Credit Suisse a/c offering 2.5pc until Xmas I think.

2 Why not hold Gold?

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 312 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%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.