Monday, August 19, 2013

“The reason the US haven’t fixed their economy in the last 5 years is because they cant fix it”

INVESTMENT EXTRA: Fed's Ben Bernanke is calling time on QE

While the economic data from the US is still mixed, it seems likely that the US central bank will start to gradually reduce its bond purchases from September, having called ‘last orders’ on the programme which has lasted four years. Similarly the new landlord of the Bank of England, Mark Carney, seems minded to leave the QE taps off in the UK while he focuses on other measures. The question is what sort of hangover the morning after will bring.

Posted by hpwatcher @ 11:46 AM (1884 views)
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7 thoughts on ““The reason the US haven’t fixed their economy in the last 5 years is because they cant fix it”

  • mark wadsworth says:

    Ho hum, maybe this explains the fall in bond prices in the US and the UK last week.

    Wasn’t as spectacular as the last time he mumbled something about “tapering” though.

    Reply
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  • Staggering, how much QE has been embraced by the Tories. Maybe a few need to apologise to Gordon Brown. They totally derided him when he used it as a tool to ‘save the banks’, but they have been addicted to it from the minute they got into power.

    Also quite frightening that our QE is a good 30% higher than America. Speculators have attacked sterling before. will they do it again and force an early interest rate rise. It would be interesting to hear Norman Lamonts views on this as he was the chancellor that had to shoulder Black Wednesday in 1992

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  • Staggering, how much QE has been embraced by the Tories. Maybe a few need to apologise to Gordon Brown. They totally derided him when he used it as a tool to ‘save the banks’, but they have been addicted to it from the minute they got into power.

    Also quite frightening that our QE is a good 30% higher than America. Speculators have attacked sterling before. will they do it again and force an early interest rate rise. It would be interesting to hear Norman Lamonts views on this as he was the chancellor that had to shoulder Black Wednesday in 1992

    Reply
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  • Staggering, how much QE has been embraced by the Tories. Maybe a few need to apologise to Gordon Brown

    We have gone from nu-labour to blu-labour.

    It’s a disgrace.

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  • I friend in the US told me when Obama came to power its like getting a new manager at a McDonalds – They cannot change a thing and would not get the job if they wanted to or could. There job is to get the surfs to work for minimum wage, with a big smile and to stop them thinking why am I serving this sh!t as food

    Fun online Poll: Who is worst:

    1. Blue faction of the Home-Owner-ist-party
    2. Red faction of the Home-Owner-ist-party
    3. Both equally as bad

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  • mark wadsworth says:

    PG, it’s trickier than that.

    However bad a UK government is, and even if you think “Christ this lot are awful, surely the other lot can’t be worse?” then when the two wings of the Home-Owner-Ist Party change places, you find that the other lot are in fact even worse. And the next government will be even worse than the current lot, I can tell you that right now, whether it’s Tory or Labour or Tory-Lib Dem or Labour-Lib Dem

    It’s like the opposite of those detergents which boast a new improved formula every year.

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