Friday, Nov 06, 2009

Some interesting charts on QE

Telegraph: Everything you need to know about the economy in four pictures

As we all know, the Bank of England is creating money (it doesn’t like to call it “printing” but the net result is the same) like gangbusters. This morning it committed to creating a further £200bn of the stuff. Now, what alarms many of you, and rightly so, is the fact that it is using this money to buy Government debt.

Posted by mnorman @ 01:15 PM (463 views)
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