Tuesday, Nov 10, 2009

Qe down from £6 billion per week

14 Comments

1. hpwatcher said...

Let’s hope that the Bank of England finally gets it right

BOE are only doing what those in the US are doing and hoping for the best......blowing bubbles.

Tuesday, November 10, 2009 02:08PM Report Comment
 

2. jackas said...

Looks rather like an old man's old man that chart doesn't it?

Is it a picture of what Merv is seeing?

Tuesday, November 10, 2009 02:15PM Report Comment
 

3. brickormortis said...

This has to be my favourite graph of all time -and I have a lot of favourites! :@)

I thought I was the only one recording the BoE and government predictions for GDP "growth".

Tuesday, November 10, 2009 02:37PM Report Comment
 

4. mark wadsworth said...

Has he branched out into gynaeocology?

Tuesday, November 10, 2009 02:42PM Report Comment
 

5. will said...

Merv said, "just when will it hit the floor?"

Tuesday, November 10, 2009 02:58PM Report Comment
 

6. Cusinvinnie said...

Threadneedle or Green Street? Mervin plays for Westham now?

I'm forever blowin' bubbles....

Tuesday, November 10, 2009 03:15PM Report Comment
 

7. inbreda said...

odd how they revise the depth of the recession, but not the point at which they expect it to turn around. Once we get past that point things will get interesting. They're going to have to think breadth as well as depth!

Tuesday, November 10, 2009 04:23PM Report Comment
 

8. paranoia blue said...

Ah, so that is why he has been fannying about for so long!

Tuesday, November 10, 2009 04:38PM Report Comment
 

9. yoyo1 said...

Follow the arrow Merv, you can't miss it!

Tuesday, November 10, 2009 04:50PM Report Comment
 

10. robh said...

How is it that the graph seems to always end up in roughly the same place? Is it a 'given' that no matter how -ve growth is it will always get back to positive growth by 2010?

Tuesday, November 10, 2009 04:58PM Report Comment
 

11. nickb said...

@robh
It is in an election year.

Tuesday, November 10, 2009 05:45PM Report Comment
 

12. mr g said...

"However, given how much weaker the economy is than the Bank feared in August, the spike in inflation is likely to be short-lived. Governor Mervyn King and the Bank will again warn that inflation will undershoot the 2% target for much of 2010 and 2011"

Anyone care to believe that?

Tuesday, November 10, 2009 10:07PM Report Comment
 

13. dohousescrashinthewoods said...

Even the latest line looks implausible. Looks like it wants to drag down in a wide curve and not bottom until 2012-2014 at the earliest.

Tuesday, November 10, 2009 10:18PM Report Comment
 

14. paul said...

Looks like the BoE is finally being pulled up on its pollyannaish notions of high growth and low inflation. Glad someone's noticing the biggest central bank scam of the decade.

Tuesday, November 10, 2009 11:24PM Report Comment
 

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