homeless Posted November 16, 2011 Share Posted November 16, 2011 On ft website just now, looks like its time to start the printing press again. I want go long whoever is selling then ink and paper Quote Link to comment Share on other sites More sharing options...
'Bart' Posted November 16, 2011 Share Posted November 16, 2011 Noticed this utter horsesh1t from the main page of the BoE's site: The Bank sets interest rates to keep inflation low to preserve the value of your money. All together now: War is Peace Freedom is Slavery Ignorance is Strength Quote Link to comment Share on other sites More sharing options...
jammo Posted November 16, 2011 Share Posted November 16, 2011 Just heard about this on radio 4, apparently inflation is peaking at 5.2% (no, energy companies, train operators, insurance companies and everything else, not 20%, 5.2% - Merv said so) and is therefore supposed to be going down again sometime, and the plan is to print a gargantuan amount of money in order to prevent this from happening. Well that isn't exactly the terminology used, but it's what I read between the lines of Merv's mystical words of wisdom. Quote Link to comment Share on other sites More sharing options...
libspero Posted November 16, 2011 Share Posted November 16, 2011 (edited) Noticed this utter horsesh1t from the main page of the BoE's site: The Bank sets interest rates to keep inflation low support government borrowing and preserve the nominal value of your money assets. All together now: War is Peace Freedom is Slavery Ignorance is Strength Updated to reflect post 2007 strategy amendments Edited November 16, 2011 by libspero Quote Link to comment Share on other sites More sharing options...
Bloo Loo Posted November 16, 2011 Share Posted November 16, 2011 What we need is a clever plan like the EU has got. Quote Link to comment Share on other sites More sharing options...
Giordano Bruno Posted November 16, 2011 Share Posted November 16, 2011 More QE? You can put money on it Quote Link to comment Share on other sites More sharing options...
'Bart' Posted November 16, 2011 Share Posted November 16, 2011 Great video. And nearly 5 million views in a year. Quote Link to comment Share on other sites More sharing options...
Nationalist Posted November 16, 2011 Share Posted November 16, 2011 Jeez! Is there no end to their stupidity? I don't believe inflation will fall below the target, and if it does I don't care. If it spends a few months below 2% then all that is happening is that some of the prior inflation which should never have been allowed in the first place is being undone - which is a good thing! Quote Link to comment Share on other sites More sharing options...
Crashman Begins Posted November 16, 2011 Share Posted November 16, 2011 Printy printy to infinity Quote Link to comment Share on other sites More sharing options...
Bloo Loo Posted November 16, 2011 Share Posted November 16, 2011 Also heard this on the BBC News. More worrying was the proposed MIG-like scheme being proposed, to (very roughly) quote the BBC, "for people with no deposit for a mortgage, because it has been identified that there is a gap between people who would like to buy a house and those with a deposit". We definitely need to keep the bubble going :s we'll soon have fannie and freddie.....but without the rude names. Quote Link to comment Share on other sites More sharing options...
@contradevian Posted November 16, 2011 Share Posted November 16, 2011 Also heard this on the BBC News. More worrying was the proposed MIG-like scheme being proposed, to (very roughly) quote the BBC, "for people with no deposit for a mortgage, because it has been identified that there is a gap between people who would like to buy a house and those with a deposit". That'll be to the benefit of the existing owners again then. Whenever they say its for FTB's, it isn't. Quote Link to comment Share on other sites More sharing options...
Dorkins Posted November 16, 2011 Share Posted November 16, 2011 Jeez! Is there no end to their stupidity? I don't believe inflation will fall below the target, and if it does I don't care. If it spends a few months below 2% then all that is happening is that some of the prior inflation which should never have been allowed in the first place is being undone - which is a good thing! You're assuming that the 2% target is legitimate... So you don't mind being robbed, as long as it's done at a moderate speed? Quote Link to comment Share on other sites More sharing options...
libspero Posted November 16, 2011 Share Posted November 16, 2011 That'll be to the benefit of the existing owners again then. Whenever they say its for FTB's, it isn't. Yep.. all to do with supporting £4 trillion of asset "value". What they really want to do is keep prices the same AND be seen to increase supply.. the only way you can logically do this is by increasing demand which requires either riskier loans to first time buyers (take on more sub-prime debt you F**Kers!!!) or by gifting it or saying they can take it out of other ring fenced sources like their pensions.. ( As if the majority of FTBers have had any spare cash to pay into their pensions ) Quote Link to comment Share on other sites More sharing options...
nickincash Posted November 16, 2011 Share Posted November 16, 2011 Jeez! Is there no end to their stupidity? I don't believe inflation will fall below the target, and if it does I don't care. If it spends a few months below 2% then all that is happening is that some of the prior inflation which should never have been allowed in the first place is being undone - which is a good thing! No, the prior inflation will only start being undone when the inflation rate is negative, ie deflation. Quote Link to comment Share on other sites More sharing options...
Democorruptcy Posted November 16, 2011 Share Posted November 16, 2011 Jeez! Is there no end to their stupidity? I don't believe inflation will fall below the target, and if it does I don't care. If it spends a few months below 2% then all that is happening is that some of the prior inflation which should never have been allowed in the first place is being undone - which is a good thing! The brainwashing on TV is paying off. When inflation "falls" people actually think prices are dropping Quote Link to comment Share on other sites More sharing options...
exiges Posted November 16, 2011 Share Posted November 16, 2011 This is why I'm now resigned to no significant nominal house price drops, the average person will still be living in their £200k houses, even when a bottle of milk is £10 Quote Link to comment Share on other sites More sharing options...
Democorruptcy Posted November 16, 2011 Share Posted November 16, 2011 This is why I'm now resigned to no significant nominal house price drops, the average person will still be living in their £200k houses, even when a bottle of milk is £10 Do you think there will be nominal rises? Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted November 16, 2011 Share Posted November 16, 2011 Clearly we can't have enough free money. I'm looking forward to the BoE giving me my free cheque. Quote Link to comment Share on other sites More sharing options...
Georgia O'Keeffe Posted November 16, 2011 Share Posted November 16, 2011 wake me up when they pass about a trillion when it might make a difference Quote Link to comment Share on other sites More sharing options...
Democorruptcy Posted November 16, 2011 Share Posted November 16, 2011 wake me up when they pass about a trillion when it might make a difference Are you still shart? Quote Link to comment Share on other sites More sharing options...
scrappycocco Posted November 16, 2011 Share Posted November 16, 2011 I blame that brown stain on our past from bonny Scotland because it started with him. Looks like no one is going to go after the property wealth. All this printing is doing is making the rich richer and the poor poorer. Quote Link to comment Share on other sites More sharing options...
Stay Beautiful Posted November 16, 2011 Share Posted November 16, 2011 All together now: War is Peace Freedom is Slavery Ignorance is Strength May i also add, Debt is wealth ? Quote Link to comment Share on other sites More sharing options...
Georgia O'Keeffe Posted November 16, 2011 Share Posted November 16, 2011 May i also add, Debt is wealth ? fondue or raclette, daddy or chips? Quote Link to comment Share on other sites More sharing options...
suggs Posted November 16, 2011 Share Posted November 16, 2011 best to call Hellicopter Dan he has a plan that might work Quote Link to comment Share on other sites More sharing options...
'Bart' Posted November 16, 2011 Share Posted November 16, 2011 Mervyn King in 2009: "inflation is more likely to be below the target than above it in the medium term" LINK Mervyn King in 2011: “inflation is more likely to be below than above the target” LINK Merv..... Quote Link to comment Share on other sites More sharing options...
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