Monday, June 25, 2012
Some advice for Mervyn
Printing money stores up trouble for the for future, B of E told
"The Bank of England’s controversial stimulus plan could be storing up huge problems for the economy, according to one of the world’s leading financial watchdogs. Quantitative easing – when the Bank prints money and keeps interest rates at a historic low – has been widely criticised for unfairly hitting savers and slashing pensions for millions of people approaching retirement the Bank for International Settlements said"
Posted by alan @ 09:38 AM (1387 views)
3 thoughts on “Some advice for Mervyn”
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bankster says:
I think the key word here is “future”, ideally for the MPC after they have all retired and are collecting their big fat index linked penions.
general congreve says:
*Chuckles*
miken says:
This BOE motley crew should be l0cked up. The longer this QE lark goes on the more obvious it becomes it’s funding a downward spiral which will only get worse. I can see the headlines in 10 years. I trillion of QE causes total of 50% inflation and 5 million unemployed because of lack of business confidence.