TheCountOfNowhere Posted April 4, 2013 Share Posted April 4, 2013 Breaking news on SKY: NO change to Q.E. interest rates held No Q.E. since the queen told them to ****ing stop it. Quote Link to comment Share on other sites More sharing options...
The Masked Tulip Posted April 4, 2013 Share Posted April 4, 2013 They were just talking on Sky News now about the new BOE Canadian guy going to do lots of US style QE - just like Japan they said. So - shares up and up? Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted April 4, 2013 Author Share Posted April 4, 2013 They were just talking on Sky News now about the new BOE Canadian guy going to do lots of US style QE - just like Japan they said. So - shares up and up? Just one small issue there.....the UK is nothing like Japan economy wise, people wise, leader wise...you name it-wise. Quote Link to comment Share on other sites More sharing options...
thecrashingisles Posted April 4, 2013 Share Posted April 4, 2013 So interest rates will be detained at 0.5% for 17 years with a non-parole period of 8.5 years. Have I got that right? Quote Link to comment Share on other sites More sharing options...
The Masked Tulip Posted April 4, 2013 Share Posted April 4, 2013 Just one small issue there.....the UK is nothing like Japan economy wise, people wise, leader wise...you name it-wise. Yes, but that is not going to stop the new guy doing what he is going to do is it? Quote Link to comment Share on other sites More sharing options...
The Masked Tulip Posted April 4, 2013 Share Posted April 4, 2013 So interest rates will be detained at 0.5% for 17 years with a non-parole period of 8.5 years. Have I got that right? I think you have left out that this is the nuclear option. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted April 4, 2013 Author Share Posted April 4, 2013 Yes, but that is not going to stop the new guy doing what he is going to do is it? That is the worry...but that would mean there being no vote.....that would be very very dangerous. Is it a coincidence that the Queen visited the BoE and then the ministers and the Q.E. strangely stops...or are they holding it back for the new bloke to save us all ? Quote Link to comment Share on other sites More sharing options...
The Masked Tulip Posted April 4, 2013 Share Posted April 4, 2013 That is the worry...but that would mean there being no vote.....that would be very very dangerous. Is it a coincidence that the Queen visited the BoE and then the ministers and the Q.E. strangely stops...or are they holding it back for the new bloke to save us all ? That is what Sky News was saying - they are waiting for the new guy to come in to start Japan style levels of QE. Quote Link to comment Share on other sites More sharing options...
SHERWICK Posted April 4, 2013 Share Posted April 4, 2013 I think you have left out that this is the nuclear option. North Korea buying up our gilts to help keep our rates low? Quote Link to comment Share on other sites More sharing options...
@contradevian Posted April 4, 2013 Share Posted April 4, 2013 So interest rates will be detained at 0.5% for 17 years with a non-parole period of 8.5 years. Have I got that right? On the plus side....... Quote Link to comment Share on other sites More sharing options...
Dorkins Posted April 4, 2013 Share Posted April 4, 2013 or are they holding it back for the new bloke to save us all ? Plausible theory. They still think this can be fixed with nice words and confidence. This is what happens when you put humanities graduates in charge of everything. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted April 4, 2013 Author Share Posted April 4, 2013 Yes, but that is not going to stop the new guy doing what he is going to do is it? That is the worry...but that would mean there being no vote.....that would be very very dangerous. Is it a coincidence that the Queen visited the BoE and then the ministers and the Q.E. strangely stops...or are they holding it back for the new bloke to save us all ? Quote Link to comment Share on other sites More sharing options...
Executive Sadman Posted April 4, 2013 Share Posted April 4, 2013 That is the worry...but that would mean there being no vote.....that would be very very dangerous. Is it a coincidence that the Queen visited the BoE and then the ministers and the Q.E. strangely stops...or are they holding it back for the new bloke to save us all ? I think they are aware petrol prices are at their highest levels, house prices have stabilized (at least in the part of the country they live) the FTSE is booming and thats all they care about. If these start to drop...QE gets ratcheted up again. Quote Link to comment Share on other sites More sharing options...
The Masked Tulip Posted April 4, 2013 Share Posted April 4, 2013 That is the worry...but that would mean there being no vote.....that would be very very dangerous. Is it a coincidence that the Queen visited the BoE and then the ministers and the Q.E. strangely stops...or are they holding it back for the new bloke to save us all ? Feck, I wrote a reply to this, posted it and now it has vanished. The new guy is not going to change the habits of a lifetime is he??? Sky was saying that they are just waiting for him to arrive to start Japanese style QE printing. Is there REALLY a vote in the BOE? Does the vote matter? Wouldn't the people in the BOE already be on board with this guy's methods? Would he have been appointed if they were not? Quote Link to comment Share on other sites More sharing options...
zugzwang Posted April 4, 2013 Share Posted April 4, 2013 Just one small issue there.....the UK is nothing like Japan economy wise, people wise, leader wise...you name it-wise. We're both in the 500% Club. It took the Japanese twenty years to get there, the UK did it in as many months. 1000% Club by 2017? Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted April 4, 2013 Share Posted April 4, 2013 That is the worry...but that would mean there being no vote.....that would be very very dangerous. Is it a coincidence that the Queen visited the BoE and then the ministers and the Q.E. strangely stops...or are they holding it back for the new bloke to save us all ? I think you mean for the new "foreign" bloke to take the blame for the collapse. If they avoid it what a great decision it was to appoint him. Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted April 4, 2013 Share Posted April 4, 2013 We're both in the 500% Club. It took the Japanese twenty years to get there, the UK did it in as many months. 1000% Club by 2017? That's because we are financial experts unlike the Japanese who are clearly amateurs at this. Quote Link to comment Share on other sites More sharing options...
Tired of Waiting Posted April 5, 2013 Share Posted April 5, 2013 Breaking news on SKY: NO change to Q.E. interest rates held No Q.E. since the queen told them to ****ing stop it. The central bank said it would not add to the £375bn of government bonds it purchased from March 2009 to October 2012 http://www.guardian.co.uk/business/2013/apr/04/bank-of-england-qe-interest-rates-no-change £375bn since March 2009, or almost £100bn/year. The deficit in this period has been bigger than that. Are institutional investors, like pension funds, being forced to cover the gap? Coz I doubt investors with a free choice would lend in at these (fixed) rates with our inflation = negative real inters rates already, and risking even higher inflation in the next years. Quote Link to comment Share on other sites More sharing options...
Tired of Waiting Posted April 5, 2013 Share Posted April 5, 2013 On the plus side....... Quote Link to comment Share on other sites More sharing options...
Democorruptcy Posted April 5, 2013 Share Posted April 5, 2013 On the plus side....... All that shows is a lack of "innovative" housing schemes? Quote Link to comment Share on other sites More sharing options...
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