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I am a little surprised.

I just thought they might announce more qe.

But more likely perhaps they'll wait 2-3 months until inflation yoy has quietened down a bit (i.e. frozen at a permanently higher level of prices!) and the clamour for more printing grows deafening as the economy weakens in the absence of articial stimulus.

I doubt it. I think the central bankers of the world are waiting for the next financial crisis, and when it comes they will announce 'globally coordinated' QE. This would lend them credibility (as everybody is doing the same), and might also prevent embarrassing shifts in exchange rates between fiat currencies (which for some reason is still used by most economists to measure whether a currency is 'strong' or 'weak').

When developed nation fiat goes, it's all going to go at once. Even the Swiss are hopping on board.

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  • 429 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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