Friday, August 23, 2013
We’re weak and ready to cheat again implies rep
BoE ready to restart asset buys if needed - Bean
Britain's central bank stands ready to restart asset purchases if the need arises, which is not the case at present, Bank of England deputy governor Charlie Bean said on Friday.
Posted by dill @ 08:19 PM (4438 views)
3 thoughts on “We’re weak and ready to cheat again implies rep”
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stillthinking says:
Direct threat to those prepared to anticipate rates rising.
This is in truth, though, starting to become a bluff, because nobody knows whether further asset purchases would lower rates (because seen as easing a liquidity crisis), or increase rates (because monetising government debt). As time goes on, becomes more and more the latter. Personally I do hope that they continue to purchase government debt, because this is to replace a lack of private sector borrowing with state credit expansion. This is a one way road that kills the ability of the private sector to expand credit (already done), which kills asset prices by taking out the credit component of pricing. You can’t go back to the old mortgage market. Same as Japan, property prices are dead in the water, and the population couldn’t raise prices with credit even if they wanted to, because the government has taken over the necessary role of credit expansion.
khards says:
http://en.wikipedia.org/wiki/Disinformation
“Disinformation is intentionally false or inaccurate information that is spread deliberately. For this reason, it is synonymous with and sometimes called black propaganda. It is an act of deception and false statements to convince someone of untruth. Disinformation should not be confused with misinformation, information that is unintentionally false.
Unlike traditional propaganda techniques designed to engage emotional support, disinformation is designed to manipulate the audience at the rational level by either discrediting conflicting information or supporting false conclusions. A common disinformation tactic is to mix some truth and observation with false conclusions and lies, or to reveal part of the truth while presenting it as the whole (a limited hangout).
Another technique of concealing facts, or censorship, is also used if the group can affect such control. When channels of information cannot be completely closed, they can be rendered useless by filling them with disinformation, effectively lowering their signal-to-noise ratio and discrediting the opposition by association with many easily disproved false claims.”
dill says: