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ParticleMan

Facing Hobson's Choice - Tough Times Ahead For The Boe

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A stray tangent - it appears as if the BOE will shortly find themselves forced to choose amongst the lesser of evils. On the one hand, having previously supplied investors with "ample liquidity", inflation is now poised to become broad-based, as investors take profits from recent gains in residential real-estate and look elsewhere to reinvest. On the other, they are of course charged with ensuring national economic stability.

So which will they choose? Will they follow the Government's policy to target inflation, crash the real-estate sector, and allow the economy to fail? Or will they follow their legislated operational responsibility to maintain stability and allow the contagion of inflation to spread from this sector into the broader economy?

And in either case - given that one failure or the other is at least probable - as a corporation which can be sued - are there now sufficient grounds for a class action suit?

Prepare to be deafened by the sound of parachutes opening...

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And in either case - given that one failure or the other is at least probable - as a corporation which can be sued - are there now sufficient grounds for a class action suit?

No chance, the Bank of England is incorporated under a Royal Charter and therefore enjoys Crown immunity. That's why BCCI's creditors couldn't get anywhere with them.

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A stray tangent - it appears as if the BOE will shortly find themselves forced to choose amongst the lesser of evils. On the one hand, having previously supplied investors with "ample liquidity", inflation is now poised to become broad-based, as investors take profits from recent gains in residential real-estate and look elsewhere to reinvest. On the other, they are of course charged with ensuring national economic stability.

So which will they choose? Will they follow the Government's policy to target inflation, crash the real-estate sector, and allow the economy to fail? Or will they follow their legislated operational responsibility to maintain stability and allow the contagion of inflation to spread from this sector into the broader economy?

And in either case - given that one failure or the other is at least probable - as a corporation which can be sued - are there now sufficient grounds for a class action suit?

Prepare to be deafened by the sound of parachutes opening...

Enjoyed your other posts on peachy friday. Also your written style.

I know the answer to your question from May - they opted to phone a friend and went with answer B.

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A stray tangent - it appears as if the BOE will shortly find themselves forced to choose amongst the lesser of evils. On the one hand, having previously supplied investors with "ample liquidity", inflation is now poised to become broad-based, as investors take profits from recent gains in residential real-estate and look elsewhere to reinvest. On the other, they are of course charged with ensuring national economic stability.

So which will they choose? Will they follow the Government's policy to target inflation, crash the real-estate sector, and allow the economy to fail? Or will they follow their legislated operational responsibility to maintain stability and allow the contagion of inflation to spread from this sector into the broader economy?

And in either case - given that one failure or the other is at least probable - as a corporation which can be sued - are there now sufficient grounds for a class action suit?

Prepare to be deafened by the sound of parachutes opening...

The latter - there's too much riding on the housing sector for them to take a decision to sacrifice it. That it is beyond rescue is another matter. I honestly don't think there is anything that can save the housing sector now. The markets will dictate and any intervention will be short-lived at best and will exacerbate the inevitable at worst.

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