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Centre for Policy Studies calls time on QE

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"Report calls time on QE

The Bank of England should scrap QE and raise interest rates.

Report by the Centre for Policy Studies.

Brian Sturgess, the chief economist at World Economics, argues the prolonged period of low interest rates is having damaging impacts on the economy, has failed to stimulate growth and punished savers."

 

Tide turning...?  Hopefully Carnage will be ousted.

 

See - The Daily Telegraph, Business, Page: 3   Yorkshire Post, Page: 4

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Since the CPS is basically the Conservative Party for people who can do joined up handwriting I think Sturgess' call for the Bank's independence to be scrapped is also worth noting.

 

 

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5 hours ago, Wayward said:

"Report calls time on QE

The Bank of England should scrap QE and raise interest rates.

Report by the Centre for Policy Studies.

Brian Sturgess, the chief economist at World Economics, argues the prolonged period of low interest rates is having damaging impacts on the economy, has failed to stimulate growth and punished savers."

 

Tide turning...?  Hopefully Carnage will be ousted arrested, tried for treason and hung.

 

See - The Daily Telegraph, Business, Page: 3   Yorkshire Post, Page: 4

 

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5 hours ago, Wayward said:

 

 

28 minutes ago, Noallegiance said:

Will the BoE listen?

Will it fook.

The rhetoric/propaganda coming out for last few months has been one of raising rates/QE is bad.

I think they know the US are going to raise rates faster and higher than previously expected and they have NO choice but to follow.

If they dont, I think we will have the distinct possibility of social unrest.

It's getting near the time when it's best to get out of the UK for a while me thinks

 

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Quote

“It is time to grow up. The status quo cannot and should not continue, whether for economic or political reasons .....

or the self enrichment of central bankers and their pals,"

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Excellent news. Surprised at this paragraph:

"Instead, access to cheap money has propped up 'zombie' companies that should have collapsed and hit pension funds, because the policy has forced them to invest in low-yielding government bonds, exposing them to significant risk should interest rates rise sharply."

My understanding was that through QE it's mainly pension funds who are selling the gilts to the BoE, and they're forced into equities to get the returns they need to stay solvent. Or less insolvent, as the case may be. Same basic point as in the article, slightly more extreme though. 

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Mind you it's not as if the central bankers themselves don't already know that

Quote

 

  the prolonged period of low interest rates is having damaging impacts on the economy, has failed to stimulate growth and punished savers."

 

Their own BIS has been saying similar stuff to that for ages now but they've still continued with those policies enriching themselves - but trying to pretend to people that their policies work when they've failed to work.  They've likely known it from the very start.

That's the BIS organisation that all the main central bankers are directors of. 

Edited by billybong

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Brilliant! Great article.

9 hours ago, Agentimmo said:

Last clarion call to anyone with a 1/4 of a brain?

IRs going up. Save yourselves now.

The idiots will get burned as usual......

Pleeeease let this be right, fingers crossed that this will be the year.

Just to change an article in that article...

"The longer central banks wait, the greater the chance that athe future financial crisis will be even worse than the last one."

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9 minutes ago, crashmonitor said:

Moneyweeks reckons not even 2018 for a raise. That really is depressing.

 

http://www.thisismoney.co.uk/money/news/article-1607881/When-UK-rates-rise.html

Don't forget there's effective money tightening from new btl taxes and international speculation money apparently no longer targeting the UK. The boe would not tighten whilst that is going on.

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