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)
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3 thoughts on “Some advice for Mervyn

  • 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.

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  • general congreve says:

    *Chuckles*

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  • 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.

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