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Central Banks Told To Give It A Rest Already With The Stimulus

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Head for the exits, CBs told (reports the FT)

http://www.ft.com/intl/cms/s/0/455af4a6-dc09-11e2-a861-00144feab7de.html

...a call for acting responsibly now to strengthen growth and avoid even costlier adjustment down the road ... Monetary policy has done its part. Recovery now calls for a different policy mix – with more emphasis on strengthening economic flexibility and dynamism and stabilising public finances.”

http://www.guardian.co.uk/global/2013/jun/23/kickstarting-growth-threaten-stability-central-bank

Monetaryy stimulus is not the answer, says the Bank for International Settlements in Basle, after share prices plunge

http://gata.org/node/12713

BIS tells central banks to stop pumping, start watching inflation

Thankfully, we can now all relax as BIS are on the case ... :rolleyes:

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Part of the IMF arent they?

If so, they'll be saying something completely different next week.

I think they are a separate outfit from the IMF- or as separate as any of these 'independent' organisations are.

To be fair this latest effort does demonstrate an uncanny ability to predict the past- sadly the time to point out the stupidity of the idea was before trillions of additional debt was handed over to the bankers.

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And the people telling the central bankers to stop printing are.....

Christian Noyer, Paris (Chairman of the Board of Directors)

Ben S Bernanke, Washington, DC; Agustín Carstens, Mexico City; Luc Coene, Brussels; Andreas Dombret, Frankfurt am Main; Mario Draghi, Frankfurt am Main; William C Dudley, New York; Stefan Ingves, Stockholm; Thomas Jordan, Zurich; Mervyn King, London; Klaas Knot, Amsterdam; Haruhiko Kuroda, Tokyo; Fabio Panetta, Rome; Baron Guy Quaden, Brussels; Paul Tucker, London; Ignazio Visco, Rome; Jens Weidmann, Frankfurt am Main; Zhou Xiaochuan, Beijing

Excellent...

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The PBoC is now draining. The ECB's money printing involved mostly loans rather than asset purchases which it is now allowing European banks to pay down. As those loans are repaid this creates liquidation pressures in world markets. Which leaves the Fed, the BoJ and the BoE. We know the first two are printing like there's no tomorrow; Carney has yet to establish his credentials at the BoE though most of us expect the worst.

I

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And the people telling the central bankers to stop printing are.....

Christian Noyer, Paris (Chairman of the Board of Directors)

Ben S Bernanke, Washington, DC; Agustín Carstens, Mexico City; Luc Coene, Brussels; Andreas Dombret, Frankfurt am Main; Mario Draghi, Frankfurt am Main; William C Dudley, New York; Stefan Ingves, Stockholm; Thomas Jordan, Zurich; Mervyn King, London; Klaas Knot, Amsterdam; Haruhiko Kuroda, Tokyo; Fabio Panetta, Rome; Baron Guy Quaden, Brussels; Paul Tucker, London; Ignazio Visco, Rome; Jens Weidmann, Frankfurt am Main; Zhou Xiaochuan, Beijing

Excellent...

+1

It'll be the independent BIS of course :rolleyes:

No revolving doors there then.

Edited by billybong

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  • 244 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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