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crazypabs

Bankers Doing Lines Of Additctive City Drug Similar To Heroin - aka QE

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Yesterday there was this warning from a retired Treasury official, Larry Elliott in the Guardian, William Hague and others I'm sure all calling for an end to QE. A few days before central bankers are scheduled to meet at Jackson Hole to discuss ending QE anyway.

Such independent thinking, well worth the price of a cup of coffee.

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46 minutes ago, crazypabs said:

This will come to no surprise to everyone but lord Mcphearson (apparently a former top treasury civil servant) has announced that Quantitative Easing is just like doing heroin...

http://www.cityam.com/270619/quantitative-easing-like-heroin-says-former-top-treasury

 

I think the same comparison was made here 9 years ago now

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The thing is, coke is good for getting you out of a jam, like absolute-last-resort-or-you'll-die kind of situation, but you need a long rest afterwards to recover. 

 

Of course, to a crack or heroin addict, taking away the drug seems like the worst thing you could possibly do.

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  • 293 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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