QE3 = £75bn

Turnbull2000

Graham_Devon wrote: »

You mean "I'm alright Jack"?

If behaving otherwise is detrimental to myself or family, then yes.

Graham_Devon

Turnbull2000 wrote: »

If behaving otherwise is detrimental to myself or family, then yes.

Fair enough.

Just hope you don't accuse others of cheering on misery again.

oldvicar

Any gueses on how much more QE we can stand?

I think the market would like a bit more, but will start to get jittery as it approaches £1,000billion (£1trillion)

Above that, the BoE will have to start buying stuff other than Gilts.

I reckon we could get close to £2 trillion, then something (different) willl have to be done.

Will take until around the next Election to reach this stage. Should be interesting.

harryhound

This morning I "woke up to money".

http://www.bbc.co.uk/programmes/b015cnx1

There was a superb presentation by this bloke:

http://en.wikipedia.org/wiki/Jon_Moulton

So do you believe the politicians (remember how they were "economical with the truth" during the election) ?

The governor of the Bank of England? The double dip recession "..... could be worse than the 1930's"

http://www.dailymail.co.uk/news/article-2045974/Debt-crisis-Bank-England-injects-75bn-economy-kick-start-recovery.html

A city industrialist, who has "...been round the block":

"The UK deficit is increasing at £400 million per day. In 4 years we will be in the same position as Italy" and those other PIIGS.

Harry

PS.

You could try Radio 4 at 06:15 to get the take of a £200m property portfolio owner and later the boy Osbourne will try to explain what is happening.

Alternatively you could re-read a good old thread like this one and ask who got the outcome right?
Did I see the word "stagflation" in there somewhere.
https://forums.moneysavingexpert.com/discussion/861665
Should I offer a prize for the poster who can find the first mention of "double dip" (or equivalent) on here.

doire_2

Looks like the gorvements plan isnt working. Growth is !!!!ed, unemplyment rising. BOE steps in to try and save things

George Osbourne welcoming QE.....in 2009 he attacked it!

King wheeled out to the media to do one on one interviews yesterday to explain a BOE decision. How often does that happen?

King telling us the worst is over and things will get better now. Is this the same man telling us for ages that inflation will come down

75 billion - just in time for bankers bonuses

Sayeeda Warsi on Question Time lastnight telling us that the £75 billion would help keep interest rates low and mortgage rates low...ahh so no use to savers who are renting then?

HAMISH_MCTAVISH

doire wrote: »

the £75 billion would help keep interest rates low and mortgage rates low...ahh so no use to savers who are renting then?

And King repeated yesterday one of the stated aims of QE is to increase asset prices.

So no use to renting savers at all.

Graham_Devon

HAMISH_MCTAVISH wrote: »

And King repeated yesterday one of the stated aims of QE is to increase asset prices.

So no use to renting savers at all.

Why are you so happy about this?

Do I need to put you into the greedy, selfish Turnbull camp?

harryhound

47thElement wrote: »

You have no understanding of monetary history or the difference between money and currency.

You are right, in the 1930's the us and its paper dollar, (plus the German's and their mark together with the UK and its pound) managed to break the metal speculators. By then everyone had seen Germany "crash and burn".

Only the Chinese could do it this time round.

http://www.bbc.co.uk/ahistoryoftheworld/explorerflash/?!!!!!13&tagName=Money/#/theme/13/object_JO391t6cRtGxstjbE4EEmg

However silver, in spite of the efforts made by governments with a silver mine but no gold, has never quite recovered its appeal; what makes you think that when this chaos is over silver will be the new must have money?

ILW

HAMISH_MCTAVISH wrote: »

And King repeated yesterday one of the stated aims of QE is to increase asset prices.

So no use to renting savers at all.

Why do you take pleasure in renters and savers suffering?

Thrugelmir

doire wrote: »

King telling us the worst is over and things will get better now. Is this the same man telling us for ages that inflation will come down

Suggest you listen to the interview.

Things getting better.............??

http://www.bbc.co.uk/news/business-15210112