Thursday, November 5, 2009

Lobs money

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 (2136 views)
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25 thoughts on “Lobs money

  • just so we know what it looks like 10111010010000111011011101000000000

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

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  • jack c – amazing and most people work a year for a stack that wouldn’t reach an ankle

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  • 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

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  • 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. )

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  • oops only “A” was meant to be bold, not “, that actually…”

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  • close the bold tag yet again?

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  • mountain goat says:

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

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  • 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

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  • paranoia blue says:

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

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  • 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.

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  • cat and canary says:

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

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  • 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.

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  • @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.

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  • timmy t said, “Why are they still called the rate setting comittee?”
    – They aren’t, they are called the Monetary Policy Committee.

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  • 6’s – thank you for technically correcting my sarcasm! You know what I mean…

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  • 2.5 * 10^10

    Comparisons:
    ~~ 0.083 * the number of stars in our galaxy (~~ 3×10^11)
    ~~ 0.24 * the number of people who have ever lived (~~ 1.1×10^11)
    ~~ 3.8 * the number of people alive today (~~ 6.5×10^9)

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  • charlie brooker says:

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

    Computer says “Everything is OK”

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  • charlie brooker says:

    The Governator : Rise of the House Prices

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

    They absolutely will not stop.

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

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  • 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?

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  • 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.

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  • 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.

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

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