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Bank Of England's Posen Backs More Qe

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http://www.guardian.co.uk/business/2011/aug/31/bank-of-england-adam-posen-qe

Bank of England policymaker Adam Posen has stepped up his case for more quantitative easing, urging central banks around the world to buy up more financial assets to support growth in western economies.

As it emerged that US officials had clashed over whether or not to introduce further easing in the US, Posen said inflationary risks were negligible, and suggestions that QE was debasing the dollar and the pound had been "proven unfounded".

Posen has been pushing his fellow Bank of England monetary policy committee members to engage in more easing for more than a year now, but this is the first time he has publicly called for other central banks to do the same.

In an opinion piece for Reuters, Posen wrote: "Additional monetary stimulus is the last line of defence for the advanced economies today, and G7 central banks should purchase more assets if we are to have any hope of our economies ever catching up. The evidence is clear that the Bank of England's and the Federal Reserve's asset purchases had a positive significant effect. If the improvement was insufficient, because the response to a given injection was less than some hoped, increase the dose."

Clearly we need more printy printy...

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Apologies if this is a stupid question or it's been answered many times before, but if we introduce all this extra cash into the system by QE, don't we have to take it back out at some stage? If so, when's that going to happen and what are the consequences?

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Take it back? There is no going back.

Now printy printy has started they will have to keep on - QEIII, QEIV, QE V etc. They'll probably move to stealth versions later on.

This will end when the entire system ends. In collapse. Within the next few years.

Edited by Errol

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Take it back? There is no going back.

Now printy printy has started they will have to keep on - QEIII, QEIV, QE V etc. They'll probably move to stealth versions later on.

This will end when the entire system ends. In collapse. Within the next few years.

Considering the BoE can already operate in secret it wouldn't surprise me if we've already had some stealth QE.

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  • 338 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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