GDP Q2 Increases in Germany & France

house123

tomterm8 wrote: »

Erm, the european central bank has been printing money like crazy.

Yes, and all the countries of Europe will pay them back. Who do you think will pay back the BOE?

Thrugelmir

house123 wrote: »

And without any degree of QE... Priceless. While the rest of Europe builds the UK will be straddled with debt for the next 100 years.

Take a read.

Last Wednesday, the European Central Bank injected €442 billion (£377 billion) of new cash into the euro money markets. This was the biggest long-term lending operation in the history of central banking and was equivalent to half the Fed’s entire monetary expansion in the past 18 months. Yet most people still believe that the Fed (along with the Bank of England) is engaged in a “reckless” experiment with inflationary quantitative easing (QE), while the ECB is steadfastly honouring the deflationist traditions of the Bundesbank’s “steady hand”.

http://www.timesonline.co.uk/tol/comment/columnists/anatole_kaletsky/article6597813.ece

The_White_Horse

thanks to prudent brown.

lemonjelly

Did you bother doing any form of search, as an identical subject thread was DIRECTLY BELOW YOURS WHEN YOU POSTED THIS!

tomterm8

house123 wrote: »

Yes, and all the countries of Europe will pay them back. Who do you think will pay back the BOE?

The ECB has lent $1.5 trillion to the euro-area banks. What do you think the banks did with this money? I would say they pretty much leant all the money back to individual governments. I think Ireland, Greece, Portugal, Spain and Austria would have gone bust had it not been for the willingness of the banks to buy government bonds with money borrowed from the ECB. And these bond purchases have, in turn, been used as collateral for more ECB borrowings, which could be used to buy more government bonds.

I think, personally, that the ECB has been monetarizing government debt in the only legal way it can within european law. And it has been doing so faster than the US or the UK.

bo_drinker

1984ReturnsForReal wrote: »

Our car scrapage scheme worked then.

Peugeot and Citroen may have done well ??

Graham_Devon

What are they doing that is different to us. Thats the key.

To be honest, I haven't got the foggiest, all I do know is the media a couple of months ago were telling us we were uniquely placed to come out of the recession first. To which I had a rant!

System

tomterm8 wrote: »

The ECB has lent $1.5 trillion to the euro-area banks.

I don't think you should let facts interfere with a good frothing session.

Really2

Graham_Devon wrote: »

What are they doing that is different to us. Thats the key.

I think they both fell further so in theory from a sharp fall you will post a positive sooner.

You guys always go on about such low volumes will produce a positive

tomterm8

Joeskeppi wrote: »

I don't think you should let facts interfere with a good frothing session.

Maybe you would chose to, in your indefinate wisdom, provide some facts rather than have me waste the 10 seconds of my life I spent reading that post.

Or are you only capable of your normal ad hominem attacks?