Polly Toynbee Slates Graft Gordon and the Nu-Labs Iniquitous Inequality

amcluesent

>She is totally out of her mind if she believes the markets will permit wealth to be inflated away<

The Bank of England will this week declare that it expects Britain to enjoy a powerful V-shaped recovery as it raises its inflation forecast for the first time since the onset of the economic crisis.

"In what many will judge as a landmark moment, the Bank's Monetary Policy Committee (MPC) will indicate that deflation is no longer the key concern it was only a few months ago. However, the Bank's Governor, Mervyn King, is likely to underline the Bank's commitment to its quantitative easing programme"

dopester

They can forecast all they like. Confidence building talk is all. Sustaining the morale of the people.

The market will not permit it, and if the Bank takes them on, the markets will unleash fury on them - and sell their holdings.

Even George Soros could break the Bank of England. The BoE can't take on the market proper in a way which destroys the value of their holdings to bail out debtors.

StevieJ

mbga9pgf wrote: »

One word. Darwinism.

If kids from sink estates could be arsed to break out from the easy life of lifetime benefits for no work and grasp a work ethic, perhaps they would deserve a place in a Grammar school. Life is no different. Why should earning a place at a priveledged school be any easier?

Lets hear the excuses....

Pushy parents and hothousing you mean, the middle class parents know which levers to press and which cramming teachers to use for the exams :eek:

RT congrats on the addition BTW, trust you will not be calling him Gordon

dopester

amcluesent wrote: »

>She is totally out of her mind if she believes the markets will permit wealth to be inflated away<

The Bank of England will this week declare that it expects Britain to enjoy a powerful V-shaped recovery as it raises its inflation forecast for the first time since the onset of the economic crisis.

Surprise £50bn cash injection is attempt to avert new phase of credit crunch

* Ashley Seager
* guardian.co.uk, Friday 8 May 2009 22.23 BST

"In what many will judge as a landmark moment, the Bank's Monetary Policy Committee (MPC) will indicate that deflation is no longer the key concern it was only a few months ago. However, the Bank's Governor, Mervyn King, is likely to underline the Bank's commitment to its quantitative easing programme"

King presents the MPC's latest quarterly inflation report next Wednesday and speculation was rife in the Square Mile last night that the report would contain gloomy forecasts for economic growth and inflation, which will probably be projected as being below its 2% target in two years' time, even though it is currently at 2.9%.

http://www.guardian.co.uk/business/2009/may/08/bank-england-recession-economy

Values are being destroyed miladdo.

Do you understand that house prices trebling in value... £Trillions in imaginary value, over 10 years, is not a sign of wealth and the country doing well for itself?

That there isn't enough economic production and savings and real wealth behind the rise to support those crazy values?

That there are absolute dangers to the entire system for house prices trebling in 10 years? How the system reaches breaking point and the system itself recoils with the inevitable correction, and unleashes itself with tsunamis of power from all directions that politicians and BoE are defenceless to stop?

This interactive display chart might open your mind a little.

Global recession - where did all the money go?

StevieJ

amcluesent wrote: »

>She is totally out of her mind if she believes the markets will permit wealth to be inflated away<

The Bank of England will this week declare that it expects Britain to enjoy a powerful V-shaped recovery as it raises its inflation forecast for the first time since the onset of the economic crisis.

"In what many will judge as a landmark moment, the Bank's Monetary Policy Committee (MPC) will indicate that deflation is no longer the key concern it was only a few months ago. However, the Bank's Governor, Mervyn King, is likely to underline the Bank's commitment to its quantitative easing programme"

That should give a handy mid-week boost to the markets.

dopester

StevieJ wrote: »

That should give a handy mid-week boost to the markets.

When the BoE has admitted renewed fears about the state of the banks?

And when speculation is rife in the Square Mile inflation will be projected as being much lower than today?

£150 billion is a spit in the ocean compared to the UK £TRILLIONS lost in property/land values, and CDOs ect on, or off, bank-balance sheets which have fallen from their peak heights to be... well would you care to try and value them?

StevieJ

dopester wrote: »

When the BoE has admitted renewed fears about the state of the banks?

And when speculation is rife in the Square Mile inflation will be projected as being much lower than today?

£150 billion is a spit in the ocean compared to the UK £TRILLIONS lost in property/land values, and CDOs ect on, or off, bank-balance sheets which have fallen from their peak heights to be... well would you care to try and value them?

Just a little wind up Dopester

But I don't understand this comment

And when speculation is rife in the Square Mile inflation will be projected as being much lower than today?

When
In what many will judge as a landmark moment, the Bank's Monetary Policy Committee (MPC) will indicate that deflation is no longer the key concern it was only a few months ago, as near-zero interest rates and the £125bn cash infusion from central bank money start to take root.
It is likely to use its key quarterly Inflation Report, published on Wednesday, to raise its projection for the consumer price index over the next two years in a tacit acknowledgement that the threat of deflation has diminished slightly since its last report.

treliac

ruggedtoast wrote: »

Thanks guys - yes first one. I am rather pleased with him

Hopefully by the time hes old enough to vote we'll have a more sensible world where people co-operate a bit more and compete a bit less.

Heres hoping anyway.

Congratulations! Hope he brings you as much fulfilment (along with the hard work, cost and worry ) as ours have brought us.

dopester

amcluesent wrote: »

>She is totally out of her mind if she believes the markets will permit wealth to be inflated away<

The Bank of England will this week declare that it expects Britain to enjoy a powerful V-shaped recovery as it raises its inflation forecast for the first time since the onset of the economic crisis.

"In what many will judge as a landmark moment, the Bank's Monetary Policy Committee (MPC) will indicate that deflation is no longer the key concern it was only a few months ago. However, the Bank's Governor, Mervyn King, is likely to underline the Bank's commitment to its quantitative easing programme"

GETTING AN EDUCATION YET?

:rotfl:

dopester

dopester wrote: »

They can forecast all they like. Confidence building talk is all. Sustaining the morale of the people.

The market will not permit it, and if the Bank takes them on, the markets will unleash fury on them - and sell their holdings.

Even George Soros could break the Bank of England. The BoE can't take on the market proper in a way which destroys the value of their holdings to bail out debtors.

So. Come on then. This big report you were promising me for inflation......