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Imf: Uk Faces Credit Rationing Or Higher Interest Rates Unless Bank Prints
geoffky
Posts: 6,835 Forumite
IMF: UK faces credit rationing or higher interest rates unless Bank prints more money
International Monetary Fund's comments back the Bank of England's programme of quantitative easing
The International Monetary Fund has warned that the UK's economic recovery will be muted. Photograph: Matthew Cavanaugh/EPA
Britain will face credit rationing or higher interest rates unless the Bank of England continues its emergency money creation programme to support growth, the International Monetary Fund warned today.
Highlighting the risk of a £180bn funding gap in 2010, the IMF said there was a "significant tension" between the supply of finance from a weakened banking sector and rising demands for funds, primarily caused by the soaring government deficit.
Jos! Viñals, the IMF's financial counsellor, said that despite avoiding a global meltdown, the shortage of credit and the pressures on government finances posed risks to recovery.
Launching the fund's half-yearly Global Financial Stability Report (GFSR), he said the UK was likely to face "difficulties" in meeting the demand for credit.
"Either there will have to be continuing support on the part of the authorities to underpin the credit process or there will be higher lending interest rates, or credit will be constrained."
http://www.guardian.co.uk/business/2009/sep/30/recesssion-uk-imf-recovery
print they will,,,,,but at what cost..
It is nice to see the value of your house going up'' Why ?
Unless you are planning to sell up and not live anywhere, I can;t see the advantage.
If you are planning to upsize the new house will cost more.
If you are planning to downsize your new house will cost more than it should
If you are trying to buy your first house its almost impossible.
Unless you are planning to sell up and not live anywhere, I can;t see the advantage.
If you are planning to upsize the new house will cost more.
If you are planning to downsize your new house will cost more than it should
If you are trying to buy your first house its almost impossible.
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Comments
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print they will,,,,,but at what cost..
Not as big a cost as not printing, that's for sure.
Unless you're wishing for economic armageddon so you can get a cheap house. If that's the case, then it may prove rather costly for you indeed.“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
I reckon we should just keep printing, like, forever. Once you pop you can't stop.
We could live in fairy la la land forever. Do I win a Nobel prize?0 -
How many times do you need telling its not what we wish its what what we think will happen due to economic malpractice and greed... the pain from printing has been shown in countries round the world and every time it has resulted in runaway inflation..It is nice to see the value of your house going up'' Why ?
Unless you are planning to sell up and not live anywhere, I can;t see the advantage.
If you are planning to upsize the new house will cost more.
If you are planning to downsize your new house will cost more than it should
If you are trying to buy your first house its almost impossible.0 -
How many times do you need telling its not what we wish its what what we think will happen due to economic malpractice and greed... the pain from printing has been shown in countries round the world and every time it has resulted in runaway inflation..
Yes, but as long as this keeps Hamish afloat, nothing else matters.
http://www.youtube.com/watch?v=bAsA00-5KoI&feature=relatedMore bearish than bullish at the moment0 -
the pain from printing has been shown in countries round the world and every time it has resulted in runaway inflation..
Really?
Try telling that to the Japanese...:rolleyes:
Are you really as ignorant as you appear to be, or is it a deliberate ploy?“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
HAMISH_MCTAVISH wrote: »Not as big a cost as not printing, that's for sure.
Unless you're wishing for economic armageddon so you can get a cheap house. If that's the case, then it may prove rather costly for you indeed.
Geoffs loaded apparently? but still trawls in here?Official MR B fan club,dont go............................0 -
“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
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Hello, Hamish, what planet are you on?HAMISH_MCTAVISH wrote: »Really?
Try telling that to the Japanese...:rolleyes:
Are you really as ignorant as you appear to be, or is it a deliberate ploy?
Where is this high level of money supply you talk about in Japan after the property bubble popped?
Perhaps you're just incredibly ignorant of a line from the most influential post-WWII economics text: "inflation is always and everywhere a monetary phenomenon"."The state is the great fiction by which everybody seeks to live at the expense of everybody else." -- Frederic Bastiat, 1848.0 -
Hello, Hamish, what planet are you on?
Where is this high level of money supply you talk about in Japan after the property bubble popped?
Perhaps you're just incredibly ignorant of a line from the most influential post-WWII economics text:
It was Geoffy who stated every time money was printed it lead to run away inflation not Hamish.the pain from printing has been shown in countries round the world and every time it has resulted in runaway inflation..
Hamish is stating it had not lead to runaway inflation in Japan.
QE will not lead to inflation if it is filling a debt hole. It is over printing that would, but if they did that they can remove money also.
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