Thursday, May 9, 2013

No rush to post this, I notice!

No Bank Of England Stimulus For UK Economy

"The Bank of England keeps the base rate of interest and its QE programme on hold in May"..."the MPC kept the base rate of interest at its historic low of 0.5% - the level it has been at since March 2009". (Deprives thrifty savers - but who cares, the cronies are OK, and no need to educate the nation that savings fuel investment). Anyway, it seems like we might be borrowing money for the HS2 from China, says Jeff Randall.

Posted by alan @ 01:29 PM (1564 views)
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4 thoughts on “No rush to post this, I notice!

  • On HS2:
    In 1781 a Brit invented the steam engine. In 1860 we built the first underground railway. Hundreds of world records were broken in Britain during that period, from the longest non-stop train journey to the fastest train. Yet in 2013, despite centuries of virtually unbroken economic growth, we can’t afford to build one more little railway line without a bailout from China? Seems unlikely. There’s more to this story than we are being told.

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  • tiburonsmoke says:

    I think they’re deliberately setting Mark Carney up for a grand entrance. Wouldn’t want to steal his thunder…

    South Korea and Australia have just dropped their interest rates. Wait for July/August for our next innings in the currency wars.

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  • Just wait until July – then things will start moving [down].

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  • @ tiburonsmoke,
    Poland cut rates yesterday.

    I found the Kaiser Report (RT) very entertaining as well as provocative. Looking at the past 2 or 3 episodes on YouTube was enlightening. I didn’t realise the world economy was in such a mess and just like a casino.

    Basic psycology tells us about recognition patterns in our mind, where we try to make sense of many disparate things. However, if I had access to a black cat or a crystal ball I might be fortelling a concerted Central Bank move soon, combining the Fed, BoE, ECB and anyone else they can get to play along.

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