inflating Posted July 24, 2011 Share Posted July 24, 2011 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." Quote Link to comment Share on other sites More sharing options...
IDN Posted July 24, 2011 Share Posted July 24, 2011 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 Quote Link to comment Share on other sites More sharing options...
inflating Posted July 24, 2011 Author Share Posted July 24, 2011 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 Quote Link to comment Share on other sites More sharing options...
Errol Posted July 24, 2011 Share Posted July 24, 2011 PRINTY PRINTY. Quote Link to comment Share on other sites More sharing options...
Executive Sadman Posted July 24, 2011 Share Posted July 24, 2011 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. Quote Link to comment Share on other sites More sharing options...
Teddy Bear Posted July 24, 2011 Share Posted July 24, 2011 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." Quote Link to comment Share on other sites More sharing options...
Bruce Banner Posted July 24, 2011 Share Posted July 24, 2011 The daft old fart was advocating more QE on the Andrew Marr show this morning. Quote Link to comment Share on other sites More sharing options...
council dweller Posted July 24, 2011 Share Posted July 24, 2011 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!) Quote Link to comment Share on other sites More sharing options...
Errol Posted July 24, 2011 Share Posted July 24, 2011 The daft old fart was advocating more QE on the Andrew Marr show this morning. Link to video of Vince on Marr show calling for QE - http://maxkeiser.com/2011/07/24/right-wing-nutters-in-the-us-threaten-world-economy/ Quote Link to comment Share on other sites More sharing options...
winkie Posted July 24, 2011 Share Posted July 24, 2011 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? Quote Link to comment Share on other sites More sharing options...
Teddy Bear Posted July 24, 2011 Share Posted July 24, 2011 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. Quote Link to comment Share on other sites More sharing options...
kenzdawg Posted July 24, 2011 Share Posted July 24, 2011 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. Quote Link to comment Share on other sites More sharing options...
inflating Posted July 24, 2011 Author Share Posted July 24, 2011 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? Quote Link to comment Share on other sites More sharing options...
Bloo Loo Posted July 24, 2011 Share Posted July 24, 2011 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. Quote Link to comment Share on other sites More sharing options...
winkie Posted July 24, 2011 Share Posted July 24, 2011 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. Quote Link to comment Share on other sites More sharing options...
The Masked Tulip Posted July 24, 2011 Share Posted July 24, 2011 It has taken about a year for Cable to go from HPC poster boy to numpty. Quote Link to comment Share on other sites More sharing options...
scrappycocco Posted July 24, 2011 Share Posted July 24, 2011 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. Quote Link to comment Share on other sites More sharing options...
Errol Posted July 24, 2011 Share Posted July 24, 2011 It has taken about a year for Cable to go from HPC poster boy to numpty. That's what being in power does for you. Quote Link to comment Share on other sites More sharing options...
Wahoo Posted July 24, 2011 Share Posted July 24, 2011 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! Quote Link to comment Share on other sites More sharing options...
Wahoo Posted July 24, 2011 Share Posted July 24, 2011 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 Quote Link to comment Share on other sites More sharing options...
SarahBell Posted July 24, 2011 Share Posted July 24, 2011 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. Quote Link to comment Share on other sites More sharing options...
clockslinger Posted July 24, 2011 Share Posted July 24, 2011 (edited) 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 July 24, 2011 by clockslinger Quote Link to comment Share on other sites More sharing options...
123Jim Posted July 24, 2011 Share Posted July 24, 2011 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? Quote Link to comment Share on other sites More sharing options...
Take Me Back To London! Posted July 24, 2011 Share Posted July 24, 2011 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? Quote Link to comment Share on other sites More sharing options...
Wahoo Posted July 24, 2011 Share Posted July 24, 2011 I was thinking art too.. Trouble is where do you keep it. Cost a fortune to stick it in a bank deposit place. Quote Link to comment Share on other sites More sharing options...
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