Monday, May 23, 2011

A well scripted broadside..

The Bank of England is failing this country

"we are stuck in the never never land of wishful thinking as a proxy for monetary policy..."

Posted by uncle tom @ 04:42 PM (1409 views)
Please complete the required fields.

4 thoughts on “A well scripted broadside..

  • general congreve says:

    Personally they have my full backing. The BoE that is, not the Telegraph.

    Please complete the required fields.

  • Ralph Musgrave says:

    A very poor article by Jeff Randall (who advocates an interest rate rise). He clearly does not get the point that a sizeable proportion of so called inflation is attributable to the rise in world commodity prices – caused by increased demand from developing countries, China in particular. If we do raise rates, it will have no effect on this element in so called inflation. It will simply cause extra unemployment.

    Please complete the required fields.

  • Randall at his best!

    Time to kick the BoE…… and hard.

    Please complete the required fields.

  • bellwether says:

    Commodity prices are driving inflation and that’s got next to nothing to do with domestic monetary policy in the UK and a lot to do with market speculation, the chinese efforts to keep growing and chinese monetary policy where inflation really does have a grip. Note the commodity bubble appears to be abating now with everything from Sugar to Copper to Cotton to Silver 30 – 50 % off QE recent peaks.

    The ECB look as if they will be the first to raise interest rates. Let’s see how it benefits them – a 2008 reduction I suspect when they failed to cut rates quickly enough.

    Please complete the required fields.

Add a comment

  • Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
  • Please note that any viewpoints published here as comments are user´s views and not the views of
  • Please adhere to the Guidelines

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes:

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>