Telegraph warns of "Period of Austerity"

Bootski

Thrugelmir wrote: »

Also the £200 billion of QE may well have be totally withdrawn in that time frame as well.

How do you figure that one out?? You can't just withdraw that amount of money..... you fool you!

Its in the system, saving jobs and people's homes - it's worked so far

Daaah!:rolleyes:

They didn't do it to ease things up over the next few years.:eek: Just for us all to fall flat on our faces a few months down the line

bernard_shaw

HAMISH_MCTAVISH wrote: »

A genuine sterling crisis could, of course, require raising rates to combat the subsequent inflation, but such a crisis is unlikely to happen.

It's got noting to do with inflation. And it doesn't need a 'crisis'. The political pressure to defend a weakening currency always reaches an intolerable level and lo - the central bank raises rates. David Cameron (in complete accord with Gordon Brown) said that "a weak currency is a sign of a weak economy, which is the sign of a weak government."

There are, of course, valid reasons to operate a weak-currency policy and export your way out of recession. However, you tend to need a manufacturing-based economy to pull that off, not the Christmas-based consumption economy which we appear to have.

"Once you pop, you can't stop!"

Bootski

Crikey, blimey O reilly! you should be running the country!!!

bernard_shaw

HAMISH_MCTAVISH wrote: »

Sorry, but your increasingly fanciful constructions of unlikely events that have almost zero chance of occurring being the trigger for the "next leg down" just serve to illustrate the extraordinary levels of desperation that are so pervasive in the bear camp at the moment.

!!!

Where have you seen me saying anything about any "next leg"?

Why so hostile?

What's fanciful? I've referenced the Telegraph and the CEBR - sources you use yourself.

Bootski

bernard_shaw wrote: »

!!!

Where have you seen me saying anything about any "next leg"?

Why so hostile?

What's fanciful? I've referenced the Telegraph and the CEBR - sources you use yourself.

I can seen you now, covered in shiney glitter and stardust - with very long legs!! It's all beautiful:p

amcluesent

Of course, England is teetering on the abyss of political, economic and social turmoil.

We are in a perfect storm of a faltering economy, various asset bubbles, unsustainable sovereign debt, rising unemployment, an ageing population, a divided society, a repressive and bullying administration, worn-out infrastructure, corrupt/jobsworth public sector, minimal food and energy security, foreign adventurism and the 'prospect' of two generation of half-wits coming from the schools/'universities'.

Sadly, we'll be lucky to manage an orderly decline to join tinpot countries, but as the money runs out it's more likely we'll lurch into civil strife and default.

Bootski

We are on the edge.

We'd be lucky to have it any other way from hereon in.

Thrugelmir

Bootski wrote: »

How do you figure that one out?? You can't just withdraw that amount of money..... you fool you!

Its in the system, saving jobs and people's homes - it's worked so far

Daaah!:rolleyes:

They didn't do it to ease things up over the next few years.:eek: Just for us all to fall flat on our faces a few months down the line

The bulk is held by the BOE in short dated Gilts, i.e under 2 years to maturity. So the Treasury will repay the BOE upon maturity of the issues.

If the Treasury requires further funding then more Gilts will need to be issued albeit at higher rates of interest.

Bootski

Thrugelmir wrote: »

The bulk is held by the BOE in short dated Gilts, i.e under 2 years to maturity. So the Treasury will repay the BOE upon maturity of the issues.

If the Treasury requires further funding then more Gilts will need to be issued albeit at higher rates of interest.

The Treasury tried to get money out of my late Mum when she died so they'll try anything.#

I'd have given them what then where due but they left it up to me to prove I didn't owe a penny - good luck to them though! Nearly got it, had I been a little more stupid, they'd have taken it from me hook, line and sinker.

Bootski

Bootski wrote: »

The Treasury tried to get money out of my late Mum when she died so they'll try anything.#

I'd have given them what then where due but they left it up to me to prove I didn't owe a penny - good luck to them though! Nearly got it, had I been a little more stupid, they'd have taken it from me hook, line and sinker. -

withing 2 weeks of her death