thecrashingisles Posted December 24, 2013 Share Posted December 24, 2013 http://www.bbc.co.uk/news/business-25507107 Influential investor Jim Rogers has warned about the impact of the US central bank's tapering plans, saying they will be an "unmitigated disaster". What he actually said: Mr Rogers told Sharanjit Leyl: "This is the first time that all the central banks are printing staggering amounts of money at the same time. There's an artificial sea of liquidity... This is going to be a disaster in the end." Quote Link to comment Share on other sites More sharing options...
Wurzel Of Highbridge Posted December 24, 2013 Share Posted December 24, 2013 There will be a disaster either way: 1, Carry on printing with 0% interest rates and money will [is] become worthless. 2, Stop printing and allow asset and share prices to deflate. Option 1 is the easiest route, that's why it has been chosen - How long before there is a fully blown crisis nobody knows. Quote Link to comment Share on other sites More sharing options...
shindigger Posted December 24, 2013 Share Posted December 24, 2013 http://www.bbc.co.uk/news/business-25507107 What he actually said: Wow. Quote Link to comment Share on other sites More sharing options...
R K Posted December 24, 2013 Share Posted December 24, 2013 http://www.bbc.co.uk...siness-25507107 What he actually said: Asking an Austrian hard money commodity bull if QE is a good idea is like asking an estate agent if house prices are going to fall or a born-again Xtian whether he believes in the baby jesus. Quote Link to comment Share on other sites More sharing options...
renting til I die Posted December 24, 2013 Share Posted December 24, 2013 Nothing new here. Nice to see that Jim is still trying to warn people about the coming mess. Of course no-one wants to listen as they don't care about inflation. That's why everyone piles money (sorry debt, in wouldn't be a problem if the cash was real!) into home ownership and BTL. It's the ultimate inflation hedge, don't you know! Quote Link to comment Share on other sites More sharing options...
billybong Posted December 24, 2013 Share Posted December 24, 2013 (edited) In the BBC video he seemed to be saying that printing money would ultimately/inevitably turn out to be an "unmitigated disaster" for the financial markets. The printing rather than the tapering was causing the disaster as the tapering had to happen. That's the opposite of the BBC headline - Investor Jim Rogers: Tapering will be 'disaster' He also seemed to be emphasising that it was going to be a disaster for the financial markets - rather than the economy. Edited December 24, 2013 by billybong Quote Link to comment Share on other sites More sharing options...
long time lurking Posted December 25, 2013 Share Posted December 25, 2013 In the BBC video he seemed to be saying that printing money would ultimately/inevitably turn out to be an "unmitigated disaster" for the financial markets. The printing rather than the tapering was causing the disaster as the tapering had to happen. That's the opposite of the BBC headline - Investor Jim Rogers: Tapering will be 'disaster' He also seemed to be emphasising that it was going to be a disaster for the financial markets - rather than the economy. Yep smoke and mirrors from the BBC or should that be TPTB It`s like giving up smoking you can cut down all you like but at some point you will still need to go cold turkey Quote Link to comment Share on other sites More sharing options...
JonathanR Posted December 25, 2013 Share Posted December 25, 2013 QE is the way governments borrow money cheaply. The UK got itself in a situation under New Labour where it couldn't even afford to repay the interest on its debt so manipulating the interest rates in this way ensured it still had access to cheap money (amazing how it's scandalous for the banks to manipulate the LIBOR rate to keep their borrowing interest rates low but for the government it's fine). So now they have maturing bonds that are paying high interest rates and they are replacing them with low interest paying bonds. The government are hoping that the economy will have an upturn so they can stop the deficit. To do this they need all of, an upturn in the economy, increased tax collection and a reduction in expenditure. QE is the plaster that's on while it's being fixed. Maybe underneath that plaster there is a festering treatment resistant MSRA infection or maybe the wound is healing and it's soon going to be time to gently peel off the plaster. But the government can't stop QE, because they can't afford the interest repayments on the deficit. The only way QE will stop is when the deficit has been significantly reduced. Quote Link to comment Share on other sites More sharing options...
South Lorne Posted December 25, 2013 Share Posted December 25, 2013 http://www.bbc.co.uk/news/business-25507107 ..politicians all over the world seeking short term comfort ...to avoid the long term burning fires of financial disaster.... Quote Link to comment Share on other sites More sharing options...
23rdian Posted December 27, 2013 Share Posted December 27, 2013 Complaint registered (for what it's worth) Fed up of the bloody BBC Quote Link to comment Share on other sites More sharing options...
Police Posted December 27, 2013 Share Posted December 27, 2013 Does anyone listen to Jim Rogers anyway? Quote Link to comment Share on other sites More sharing options...
23rdian Posted December 29, 2013 Share Posted December 29, 2013 Page amended (for what it's worth) Quote Link to comment Share on other sites More sharing options...
gf3 Posted December 29, 2013 Share Posted December 29, 2013 Does anyone listen to Jim Rogers anyway? The only reason they have him on is because he wears a bow tie. He never seems to say anything useful. Quote Link to comment Share on other sites More sharing options...
renting til I die Posted January 4, 2014 Share Posted January 4, 2014 Page amended (for what it's worth) Wow, the title really has changed! See the BBC do listen to complains! Quote Link to comment Share on other sites More sharing options...
billybong Posted January 5, 2014 Share Posted January 5, 2014 (edited) New headline: Investor Jim Rogers warns about impact of 'artificial sea of liquidity' add - - - QE/money printing at the end and they might be getting somewhere - but the revised headline is better than nothing. Edited January 5, 2014 by billybong Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted January 5, 2014 Share Posted January 5, 2014 (edited) mods, can we have one pinned propaganda thread? there's a lot of it about that's for sure and needs to be brought to peoples attention. Edited January 5, 2014 by TheCountOfNowhere Quote Link to comment Share on other sites More sharing options...
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