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Not Going To Be Any More Overt Q E For Now

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But Miles said that the economy was strengthening.

"We are on a recovery path, but it's fragile," he said.

The miracle economy, nothing has been fixed but yet we are on the road to recovery... Must be some kind of magic at work mankind has not yet seen :rolleyes:

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http://uk.reuters.com/article/2011/08/15/uk-britain-boe-miles-idUKTRE77E15920110815

Not for now, maybe later.

Not overtly anyway.

They're talking the pound down with base rate cut rumours instead, are they not?

Of course, they are still printing money to replace redeptions to maintain the £200Bn scheme as is, but I suppose that is pretty covert stuff. It would be good if they stated they would not replace the redemptions and allow the scheme to wind down.

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The miracle economy, nothing has been fixed but yet we are on the road to recovery... Must be some kind of magic at work mankind has not yet seen :rolleyes:

"The miracle economy, nothing has been fixed but yet we are on the road to recovery"

read as:

The miracle economy, nothing has been fixed but yet we THEY are on the road to recovery"

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http://uk.reuters.com/article/2011/08/15/uk-britain-boe-miles-idUKTRE77E15920110815

Not for now, maybe later.

Not overtly anyway.

They're talking the pound down with base rate cut rumours instead, are they not?

Central banker says "No QE coming soon" = "QE coming soon".

What they do, not what they say. #1 rule with central bankers.

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you mean that they have some magic mechanism for a negative base rate?

tim

As we have seen, I can remember when they spoke of QE in hushed tones, now it's what did they call it "a health spa"?

So is non overtly - flying over a country and dropping bundles of bank notes out of an aircraft like the Nazis?

Indeed http://en.wikipedia.org/wiki/Operation_Bernhard

Makes a person think doesn't it

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  • 337 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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