Tuesday, Oct 20, 2009

Quantitative Easing - but not quite as the BoE imagined it

Evening Standard: Cheap money offers that beggar belief

Just when you think the banks have exhausted their capacity to deliver a surprise, along comes something else which just takes your breath away.
Funny money lining affluent pockets and not going to SMEs. This is causing the dash for trash and anything providing a marginal return.

Posted by crash n burn @ 10:24 PM (1343 views)
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2 Comments

1. drewster said...

If we do get a pound-fuelled carry trade, won't Sterling fall off a cliff?

Tuesday, October 20, 2009 11:31PM Report Comment
 

2. fallingbuzzard said...

Why borrow in pounds when you can get it in dollars.

Tuesday, October 20, 2009 11:54PM Report Comment
 

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