Thursday, Nov 05, 2009

Lobs money

Mail: Bank throws another £25bn at recession

Never would have thought moving a few electrons would make such a difference - if only they had to print the stuff at least some jobs would be created

Posted by matt_the_hat @ 12:05 PM (2091 views)
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25 Comments

1. matt_the_hat said...

just so we know what it looks like 10111010010000111011011101000000000

Thursday, November 5, 2009 12:10PM Report Comment
 

2. jack c said...

Matt, if we stack em up as a stash of notes (£20's) would they stretch to the Moon?

Thursday, November 5, 2009 12:18PM Report Comment
 

3. matt_the_hat said...

jack c - amazing and most people work a year for a stack that wouldn't reach an ankle

Thursday, November 5, 2009 12:25PM Report Comment
 

4. righttoleech said...

Enough for 5000 Japanese style junctions like the new one at Oxford Circus. Only £5m to move some railings and paint the road markings. So hard for us to earn it, so easily and shamefully wasted

Thursday, November 5, 2009 12:29PM Report Comment
 

5. 51ck-6-51x said...

matt_the_hat said, "Never would have thought moving a few electrons would make such a difference"
- Like it, but...
Tell that to the likes of Rasul Kudaev
( remember I = dQ / dt, and that it's the current density, J = I / A, that actually harms one's body. )

Thursday, November 5, 2009 12:34PM Report Comment
 

6. 51ck-6-51x said...

oops only "A" was meant to be bold, not ", that actually..."

Thursday, November 5, 2009 12:35PM Report Comment
 

7. 51ck-6-51x said...

close the bold tag yet again?

Thursday, November 5, 2009 12:36PM Report Comment
 

8. mountain goat said...

GBP likes the news up 1% since announcement, WTF?

Thursday, November 5, 2009 12:40PM Report Comment
 

9. mark said...

when will this madness stop?

We cant keep spending money like this, it will cost us dear in long run..

wonder what the credit rating of uk is

Thursday, November 5, 2009 12:51PM Report Comment
 

10. paranoia blue said...

I think that the GBP is rising because there was an expectation of perhaps £50bn.

Thursday, November 5, 2009 12:54PM Report Comment
 

11. phdinbubbles said...

Something to make the blood boil.

Thursday, November 5, 2009 12:55PM Report Comment
 

12. timmy t said...

Why are they still called the rate setting comittee? They don't meet to set rates any more, they meet to agree how much money to print.

Thursday, November 5, 2009 12:55PM Report Comment
 

13. cat and canary said...

I keep thinking of what paul said on here, that QE won't stop, can't stop, that there is no exit strategy. :S

Thursday, November 5, 2009 12:57PM Report Comment
 

14. quiet guy said...

I count five articles today, so far, concerned with either QE or the American tax credits for property purchases. There appears to be a trend developing.

It's going to be painful stopping this but we must eventually.

Thursday, November 5, 2009 12:57PM Report Comment
 

15. jack c said...

@mark - I believe it is still triple A rated but my guess is that this will come under considerable pressure to be revised downwards - I have read various views that it can be maintained on the basis that the Tories win the next election and commence sorting out the financial mess - Triple A rating under pressure and Sterling under pressure and a rate rise is on the way much eralier than many maybe anticipate.

Thursday, November 5, 2009 12:57PM Report Comment
 

16. 51ck-6-51x said...

timmy t said, "Why are they still called the rate setting comittee?"
- They aren't, they are called the Monetary Policy Committee.

Thursday, November 5, 2009 01:03PM Report Comment
 

17. timmy t said...

6's - thank you for technically correcting my sarcasm! You know what I mean...

Thursday, November 5, 2009 01:10PM Report Comment
 

18. refusetobuy said...

2.5 * 10^10

Comparisons:
~~ 0.083 * the number of stars in our galaxy (~~ 3x10^11)
~~ 0.24 * the number of people who have ever lived (~~ 1.1x10^11)
~~ 3.8 * the number of people alive today (~~ 6.5x10^9)

Thursday, November 5, 2009 01:16PM Report Comment
 

19. charlie brooker said...

And for all you hexadecimal fans 25 billion is 5D21DBA00 . . . .

Computer says "Everything is OK"

Thursday, November 5, 2009 01:19PM Report Comment
 

20. charlie brooker said...

The Governator : Rise of the House Prices

New movie starring Godron Brown, Alistair Darling and Mervyn King.

They absolutely will not stop.

Thursday, November 5, 2009 01:28PM Report Comment
 

21. phdinbubbles said...

32 9 0 44 26 40 as the Babylonians used to say, but with squiggly things.

Thursday, November 5, 2009 01:54PM Report Comment
 

22. jonny parker said...

It is only 25 Thousand Million if we use the european (and what we used to use) long scale definition of millions and billions - so not that bad really ;-). Why did we go with the yanks on their use of billion - is it the need to be a billionaire more quickly?

Thursday, November 5, 2009 02:36PM Report Comment
 

23. matt_the_hat said...

I'm a milliardaire doesn't quite have the same ring.

Once we move completely away from cash that's when the trouble will start, at least coins have some intrinsic value.

Thursday, November 5, 2009 03:33PM Report Comment
 

24. Simply Sam said...

There are no norms any more. It is like the ground one stands on has been removed. However, if the fall never ends (imagine falling in space!) then everything is OK. Lets move away from earth and discover the universe...Flash Gordon.

Thursday, November 5, 2009 07:46PM Report Comment
 

25. clockslinger said...

when will this madness stop?....the not very clever diversions from the topic in issue on these posts, I mean.

Friday, November 6, 2009 12:01AM Report Comment
 

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