Saturday, January 7, 2012

Fools paradise…..

'Printed money' and regulatory diktat are keeping UK gilt yields low

''The powers that be deny the UK is engaged in Zimbabwe-style deficit monetisation, seeing as the Bank has been buying its gilts off existing investors, many of whom, in turn, have been purchasing fresh ones at more profitable yields. The distinction, between QE and "circular financing", though, at best, is metaphysical.''

Posted by hpwatcher @ 10:09 PM (1102 views)
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