Sour Mash Posted September 21, 2011 Share Posted September 21, 2011 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. Quote Link to comment Share on other sites More sharing options...
Monkey Posted September 21, 2011 Share Posted September 21, 2011 Woohoo more inflation Quote Link to comment Share on other sites More sharing options...
Killer Bunny Posted September 21, 2011 Share Posted September 21, 2011 No new QE. They'll sell ST debt and buy LT debt. Mkt to sell off in my view. Big. Quote Link to comment Share on other sites More sharing options...
Mr 0.01% Posted September 21, 2011 Share Posted September 21, 2011 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... flibberty gibbert Quote Link to comment Share on other sites More sharing options...
19 year mortgage 8itch Posted September 21, 2011 Share Posted September 21, 2011 No new QE. They'll sell ST debt and buy LT debt. Mkt to sell off in my view. Big. Que? Can you elaborate please? Quote Link to comment Share on other sites More sharing options...
uptherebels Posted September 21, 2011 Share Posted September 21, 2011 No new QE. They'll sell ST debt and buy LT debt. Mkt to sell off in my view. Big. You talking about the US? Quote Link to comment Share on other sites More sharing options...
'Bart' Posted September 21, 2011 Share Posted September 21, 2011 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. Quote Link to comment Share on other sites More sharing options...
uptherebels Posted September 21, 2011 Share Posted September 21, 2011 No new QE. They'll sell ST debt and buy LT debt. Mkt to sell off in my view. Big. Dow headed south pretty quick BREAKING NEWS FED TO BUY $400B OF LONG-TERM DEBT, SELL $400B SHORT-TERM DEBT Quote Link to comment Share on other sites More sharing options...
nmarks Posted September 21, 2011 Share Posted September 21, 2011 Newsflash: Fed announces $400bn injection. (Sky news). Quote Link to comment Share on other sites More sharing options...
Deckard Posted September 21, 2011 Share Posted September 21, 2011 Dow headed south pretty quick BREAKING NEWS FED TO BUY $400B OF LONG-TERM DEBT, SELL $400B SHORT-TERM DEBT 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. Quote Link to comment Share on other sites More sharing options...
Ash4781 Posted September 21, 2011 Share Posted September 21, 2011 They might come out and like the Fed say rates will stay low for x years. Quote Link to comment Share on other sites More sharing options...
Sour Mash Posted September 21, 2011 Author Share Posted September 21, 2011 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 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: Quote Link to comment Share on other sites More sharing options...
Errol Posted September 21, 2011 Share Posted September 21, 2011 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. Quote Link to comment Share on other sites More sharing options...
plummet expert Posted September 21, 2011 Share Posted September 21, 2011 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 Quote Link to comment Share on other sites More sharing options...
The Masked Tulip Posted September 21, 2011 Share Posted September 21, 2011 They need to save the cash they have for Obama's job creation program. Give it a few weeks and he will force it through on a Presidential mandata, making the Republicans look selfish munts! Quote Link to comment Share on other sites More sharing options...
Deckard Posted September 21, 2011 Share Posted September 21, 2011 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 Quote Link to comment Share on other sites More sharing options...
The Masked Tulip Posted September 21, 2011 Share Posted September 21, 2011 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. Quote Link to comment Share on other sites More sharing options...
okaycuckoo Posted September 21, 2011 Share Posted September 21, 2011 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! Quote Link to comment Share on other sites More sharing options...
Democorruptcy Posted September 21, 2011 Share Posted September 21, 2011 It should be PIIG SUK Is it fair we get 2 letters? Why not PIG SIK? Quote Link to comment Share on other sites More sharing options...
scrappycocco Posted September 21, 2011 Share Posted September 21, 2011 So basically we have to poor more for everything and lots of jobs are cut to make savings whilst everyone at the top (in the trough) of the food chain gets a pay rise. Quote Link to comment Share on other sites More sharing options...
council dweller Posted September 21, 2011 Share Posted September 21, 2011 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. Quote Link to comment Share on other sites More sharing options...
MrFlibble Posted September 21, 2011 Share Posted September 21, 2011 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. Quote Link to comment Share on other sites More sharing options...
plummet expert Posted September 21, 2011 Share Posted September 21, 2011 Um, this is in the US and not the UK - not yet anyhow. No, it's the UK. THEY COULD GO A STEP FURTHER AND BUY ACTUAL ASSETS with their pretend money. Park Lane, Mayfair? It's monopoly money after all! Quote Link to comment Share on other sites More sharing options...
Sour Mash Posted September 22, 2011 Author Share Posted September 22, 2011 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. Quote Link to comment Share on other sites More sharing options...
Monkey Posted September 22, 2011 Share Posted September 22, 2011 Is it fair we get 2 letters? Why not PIG SIK? I'd go for U PIGIS (you Pigies) Quote Link to comment Share on other sites More sharing options...
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