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BOE MPC September minutes - Moving towards further QE

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Comments

  • OptionARMAGEDDON
    OptionARMAGEDDON Posts: 264 Forumite
    No, but the general working population loved it and kept voting them in, didnt they, despite ofsetting liabilities to later generations... Thanks a lot. Dont expect much when you reach retirement other than looking forward to getting liquidised.

    http://www.bbc.co.uk/news/science-environment-14114555
  • Xiderpunk
    Xiderpunk Posts: 136 Forumite
    sarkin1 wrote: »
    parents did not grow the economy they mewed and now there is nothing left

    Speak for your own parents, I did not mew.
  • HAMISH_MCTAVISH
    HAMISH_MCTAVISH Posts: 28,592 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Graham_Devon wrote: »
    Oh, and Hamish want's cheques writing to every household. .

    Actually vouchers that can only be used in stores would be a better idea, but yes, direct stimulus as per Australia's successful example.

    As for QE, yes, time to fire up the presses.

    Funnel half towards business lending directly through a small business administration loan/grant programme, and the other half directly into households through mortgage lending through RMBS purchase and tax rebates/vouchers or whatever other form of stimulus you choose.
    “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”
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    OptionARMAGEDDON wrote: »
    S0d the pensioners. They have had it too good for too long. They arent going to grow this country out of recession, they are the lame that will prolong the recession.

    I also hope the boomers realise the young they screwed are going to be in power when they are in retirement and dribbling pea soup.

    On a tracker mortgage now are we?
    'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher
  • ILW
    ILW Posts: 18,333 Forumite
    StevieJ wrote: »
    On a tracker mortgage now are we?

    Seems more likely cannot hold down a decent job or get a girlfriend and is looking for someone to blame.
  • OptionARMAGEDDON
    OptionARMAGEDDON Posts: 264 Forumite
    Wrong on both counts. And I am married.
  • The_White_Horse
    The_White_Horse Posts: 3,315 Forumite
    but the main thing to remember is the benefit brigade will be fine. their benefits are safe. no drop in their standards of living. also, does anyone actually know a public sector worker who has lost their job????? me niether.

    the biggest cost to this country are benefits, public sector pay and pensions. they need to be SLASHED by 50%. that is the only way out of this mess.
  • OptionARMAGEDDON
    OptionARMAGEDDON Posts: 264 Forumite
    I do. We lost 170 pilots going through training a while back, and I know a load of navigators and air engineers that have also received redundancy. As for resource facilitators and breastfeeding advisors, seems to be plenty of cash around for them... Not to mention in office council workers
  • Graham_Devon
    Graham_Devon Posts: 58,560 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    The_White_Horse wrote: »
    but the main thing to remember is the benefit brigade will be fine. their benefits are safe. no drop in their standards of living. also, does anyone actually know a public sector worker who has lost their job????? me niether.

    the biggest cost to this country are benefits, public sector pay and pensions. they need to be SLASHED by 50%. that is the only way out of this mess.

    Yep, 2 NHS workers today have been axed that I am personally aware of.
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