Jump to content
House Price Crash Forum
Sour Mash

C4 News Now - More Qe Almost A Cert

Recommended Posts

Faisal Islam doing a piece on the economy - has implied that an announcement of more QE in a few weeks from the BoE is a done deal.

Gee, what a surprise that they would fall back on monetising the debt. <_<

Share this post


Link to post
Share on other sites

I don't want to turn thus into a gold thread but I think I'll be 'developing' my savings away from cash if so...

I'll be buying a few more sovs methinks.

Share this post


Link to post
Share on other sites

Woohoo more inflation

Indeed - why let CPI @4.5% and RPI @5.2% put you off money printing, when your remit is to control inflation :lol:

Lots of talk of the need for 'capital expenditure' too so I'm guessing that the excuse for the latest round of debt monetisation will be so as to 'stimulate growth' through building 'much needed infrastructure'.

Merv will almost certainly be getting his excuses for continuing high inflation ready now, not that he'll expend much effort: "The reason the price of food, heating oil and petrol is going through the roof is because of temporary factors and nothing to do with money printing whatsoever". :angry:

Share this post


Link to post
Share on other sites

Yep, looks like those who were betting on an expansion of current asset purchases just got burned, all we got was a swap to longer maturities.

They will be doing more in secret - behind the scenes. Don't make the mistake of believing that the announced plan is all of the plan.

Share this post


Link to post
Share on other sites

Que?

Can you elaborate please?

sell short term and buy long term debt is what he means.

I think they'll just create electronic credits at the B of E and buy lots of maturing debt with this non existent cash. Then if there is a shortage of actual cash thy can print a bit for distribution. Basically it means we cannot pay our debts - well, that's no surprise. We can't add to the national debt mountain anymore as there is no growth to pay for it. In fact we are bust. It's just that somewhere in the world there are some who actually think we are still a safe bet...... Our structural deficit is a nightmare and just about the worst in Europe.

Let's see what the markets make of more QE. If they want to be blind they will see it as relief. If they haveopen eyes they will see us as bust, which we are like the best of the PIIGS. It should be PIIG SUK

Share this post


Link to post
Share on other sites

They will be doing more in secret - behind the scenes. Don't make the mistake of believing that the announced plan is all of the plan.

Whatever. We all know your views :rolleyes:

Share this post


Link to post
Share on other sites

sell short term and buy long term debt is what he means.

I think they'll just create electronic credits at the B of E and buy lots of maturing debt with this non existent cash. Then if there is a shortage of actual cash thy can print a bit for distribution. Basically it means we cannot pay our debts - well, that's no surprise. We can't add to the national debt mountain anymore as there is no growth to pay for it. In fact we are bust. It's just that somewhere in the world there are some who actually think we are still a safe bet...... Our structural deficit is a nightmare and just about the worst in Europe.

Let's see what the markets make of more QE. If they want to be blind they will see it as relief. If they haveopen eyes they will see us as bust, which we are like the best of the PIIGS. It should be PIIG SUK

Um, this is in the US and not the UK - not yet anyhow.

Share this post


Link to post
Share on other sites

Let's see what the markets make of more QE. If they want to be blind they will see it as relief. If they haveopen eyes they will see us as bust, which we are like the best of the PIIGS. It should be PIIG SUK

Portugal, Ireland and Greece may be gone this time next year.

HPC likes the remaining acronym!

Share this post


Link to post
Share on other sites

As the resident Yen bug I'm not one to miss the chance of a bit of Yen ramping so here goes....

The Yen, it goes up! (135 at the time of the earthquake and 119 today)

We're going weimar lite but as I've said before don't watch Gbp $ or Euro.

Share this post


Link to post
Share on other sites

Excellent, another pay cut by stealth, think we must be down now some 40% with currency devaluation, inflation and stagnant wages.

Probably explains why the elites are seeing massive pay rises, in real terms their pay is simply adjusting to the new devalued money base, sadly the same cannot be said for Joe Sixpack who is stuck in a rut.

Looks like it's £2 a litre petrol by Christmas then, Cheers Merv, sure we'll all thank you for it, you fukcing barstard.

Share this post


Link to post
Share on other sites

Beeb also implying more QE soon:

Bank of England considers QE to stimulate the economy

The Bank of England has opened the door to injecting more money into the faltering UK economy.

"Most members" of the Bank's Monetary Policy Committee agreed that the case for an "immediate" stimulus had strengthened, according to minutes from their meeting in September.

Some analysts believe that quantitative easing could re-start in November.

Nothing officially confirmed yet but when you get C4 and the BBC putting out stories about more QE being likely, you know that public opinion is being primed for it.

Give it a couple of weeks of scare stories about what will happen if QE doesn't go ahead and what a great idea QE is and no-one will be questioning why the money printing taps are being opened with inflation figures around the 5% level.

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.

  • 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%



×
×
  • 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.