Winter of Discontent...

HAMISH_MCTAVISH

Old_Slaphead wrote: »

Genuine question - how's that work then ? (and if BoE's making a profit, why don't they do a whole lot more of it?)

Magic some money out of thin air, use it to buy financial assets which then increase in value.

The value of the asssets purchased has increased in value since the time of purchase, the BoE is currently up on the deal to the tune of about 8 Billion pounds.

MegaMiniMouse

HAMISH_MCTAVISH wrote: »

Magic some money out of thin air, use it to buy financial assets which then increase in value

That's what the banks did, innit? (genuine question, and seriously concerned!))

MMM

still off-topic, though...

StevieJ

HAMISH_MCTAVISH wrote: »

Magic some money out of thin air, use it to buy financial assets which then increase in value.

The value of the asssets purchased has increased in value since the time of purchase, the BoE is currently up on the deal to the tune of about 8 Billion pounds.

:beer:
Ten now. It does put that 6 bil of NI contributions they were arguing about in some perspective.

MegaMiniMouse

Malcolm. wrote: »

How much of that is interest(?), interest being the transfer of monies from one place (government/taxpayer) to another (BoE) rather than profit per se.

Is the 8 billion real profit or nominal profit?

Off-topic Off-topic Off-topic

Please start another thread about quantitative easing - this thread is about trade unions!

chris_m

MegaMiniMouse wrote: »

Off-topic Off-topic Off-topic

Please start another thread about quantitative easing - this thread is about trade unions!

Very strange - from your original post;

Why is nobody blaming the bankers for our present woes? (Gordon Brown was infinitely less reckless/incompetent than the banks)

We should find a way to force the banks to 'make good' on the disaster which they have brought upon us all

I think the banks should be required to produce sufficient funds to restore the quality of life which their recent history has come close to destroying

Therefore talk about banks and QE strikes me as very on-topic.

Unless things are only on-topic if they are about what YOU want to talk, perchance?
However, you are not the only person on these boards, so I fear you may be disappointed.

MegaMiniMouse

chris_m wrote: »

very strange - from your original post;

therefore talk about banks and qe strikes me as very on-topic.

Unless things are only on-topic if they are about what you want to talk, perchance?
However, you are not the only person on these boards, so i fear you may be disappointed.

123456789?

OK - I'm sorry, let's start again....

In your opinion, how does the paper profit from the BOE's 'quantitative easing' affect the trade unions' stated intention to create a Winter of Discontent?

dopester

There are a few questions I'd like answered, one of which was ignored by MMM on this thread.

What is the approximate market value of the house?

What did you do with any monies you released from the house?

When did you buy the house?

Why did you remortgage to 85% on this deal for your house, when you say you are "old", and presumably approaching retirement years? What was your plan to service the mortgage into older age?

Why should new entrants who've saved for years towards buying, have to overpay and take on more debt because the measures you want hold up property values?

Or actually.. you really want the debts wiped out for mortgage holders, the way you'd have it, even further making a joke of of markets and fairness.

MegaMiniMouse

dopester wrote: »

There are a few questions I'd like answered, one of which was ignored by MMM on this thread.

What is the approximate market value of the house?

What did you do with any monies you released from the house?

When did you buy the house?

Why did you remortgage to 85% on this deal for your house, when you say you are "old", and presumably approaching retirement years? What was your plan to service the mortgage into older age?

Why should new entrants who've saved for years towards buying, have to overpay and take on more debt because the measures you want hold up property values?

Or actually.. you really want the debts wiped out for mortgage holders, the way you'd have it, even further making a joke of of markets and fairness.

Off-topic...

chris_m

MegaMiniMouse wrote: »

Off-topic...

If you select that text and hit [CTRL][C] it'll save you having to type so much in future coz you can just hit [CTRL][V]

:rotfl::rotfl::rotfl:

MegaMiniMouse

chris_m wrote: »

If you select that text and hit [CTRL][C] it'll save you having to type so much in future coz you can just hit [CTRL][V]

:rotfl::rotfl::rotfl:

Thanks - I tried it, but it didn't work

This thread is about Trade Unions, if you wish to attack me personally, either use my 'Why would you...' thread, or start a thread of your own

Some of the information which the guy before you craves is included in a post which I made an hour or two ago on the House Buying Selling Renting forum on the thread about Inaccurate Valuations (or something similar)

MMM