Thursday, June 11, 2009
QE capitalism isn’t interested in savers
"The economy is not out of the woods and rates will stay low for some time â€“ that was the message from Bank of England economist Kate Barker today, as new data showed a recovery in manufacturing." ... "I think there's a lot of concern about what's going to happen beyond this pick-up." Personally, I am concerned that QE will end badly for a lot of savers and the need to protect savers against sterling devaluation is becoming more important. If you can afford property as a long term asset then maybe OK but that's no use for millions of us. What next?