Monday, Dec 07, 2009

New twist on quantitative easing?

MSN: Fiver set for a comeback

Will these be freshly printed fivers?

Posted by mr g @ 02:10 PM (1409 views)
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1. bidin'matime said...

Interesting pointed towards deflation, I thought...

Monday, December 7, 2009 02:23PM Report Comment

2. Compo100 said...

I would have thought the increase in fivers was related to the large number of fake one pound coins in circulation, and / or impeding planned inflation. Maybe the one pound coins are going to be withdrawn?

Monday, December 7, 2009 03:52PM Report Comment

3. Danstallion said...

This is a non-story really.

There has been a problem for a long time with the five pound note in that they get damaged / destroyed very quickly. Plans have been in place for well over two years to remedy this by escalating the BOE note replacement process. The media have picked up on this because many ATM providers have also decided to re-introduce fivers to their machines due to escalated demand. The obvious 'story' is that people want lower denomination notes due to the recession, but again this has been planned for a couple of years. Nothing remarkable is happening - but it can be twisted to sound economically interesting.

No 'new' money.

Monday, December 7, 2009 04:17PM Report Comment

4. paul said...

The fact that they are in demand is the equivalent of a big siren and flashing light saying 'DEFLATION'.

Happened in Japan with 1000 yen notes too.

Monday, December 7, 2009 06:39PM Report Comment

5. crunchy said...

2. paul...

Just when I was starting to big you up, you dissapoint me. Could it not be that the metal pound looks too expensive to produce. 'INFLATION'

Sorry for the tin foil thing. BTW

Going on since the early 50s paul. It all come out in the open after time paul. Everything. (Like it or not)

Monday, December 7, 2009 07:05PM Report Comment

6. crunchy said...

It all 'comes' out in the open after time paul. ... For the retentive! : (

Monday, December 7, 2009 07:09PM Report Comment

7. paul said...

Crunchy, I've no idea what you're talking about. Pounds are made of cheap alloys. Dirt cheap. I know you're a gold bug which may explain it, but really, I still don't really understand you.

Pre 2007 fivers were not in demand. Now they are. Deflation primary evidence.

Monday, December 7, 2009 09:26PM Report Comment

8. crunchy said...

5. paul, Who ate all the pound notes? Would these be exuding the fresh unconscionable whiff of print?

Monday, December 7, 2009 10:09PM Report Comment

9. crunchy said...

I seem to recollect a chat we had about the Greenback some time ago, before it hit a 15 year low.

Let's hope you are correct this time.

Monday, December 7, 2009 10:20PM Report Comment

10. crunchy said...

paul. you might want to give some energy and insurance companies a ring and tell them off.

Monday, December 7, 2009 10:25PM Report Comment

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