QE3 = £75bn

Graham_Devon

Love it!

They are actually suggesting they want to keep inflation on track!

"The deterioration in the outlook has made it more likely that inflation will undershoot the 2% target in the medium term.
"In the light of that shift in the balance of risks, and in order to keep inflation on track to meet the target over the medium term, the committee judged that it was necessary to inject further monetary stimulus into the economy."

Nice. Notice it's now moved to the medium term, instead of next year, or even next 2 years. now medium term.

JonnyBravo

Graham_Devon wrote: »

F'k. Wonder if I can re-buy my shares for less than I sold still!

Thoughts?

No idea! I don't know the share, the price you sold at or the price now. :rotfl:

Graham_Devon wrote: »

Delaying, and making the inevitable worse.

Second thought?

Bye bye pound, hello increased costs of living.

Well as we were discussing earlier. Inflation is already here and I don't really see it disappearing. Not saying we'll have hyper-inflation or even 10% but a few years at 5% is possibly/probably? their aim.

As for delaying the inevitable. I'm not so sure. It really is possible this all just muddles through in some kind of "barely acceptable to all parties" mess rather than the grand implosion some seem to think is inevitable.

Graham_Devon

RenovationMan wrote: »

The continual fix at 0.5 is great news for my mortgage free challenge and feeding more money into the economy will probably pep up my bonds.

Everything is going well.

Think you can quite confidently state your gamble paid off.

Well done.

RenovationMan

Graham_Devon wrote: »

Think you can quite confidently state your gamble paid off.

Well done.

Thanks GD, but most of the praise has to go to the BoE for being so durned predictable.

Graham_Devon

On a serious note, the 75bn does paint a less than rosey picture of the state that we are actually in.

It's more than was expected, but still not good enough apparently, the BCC wants more QE alongside further measures.

Madness.

But I think it's wise to point out, that while this may be welcomed for personal reasons, it's a pretty stark reminder of just how bad a situation we are currently facing. While some will obviously benefit from this, it's likely those that are already struggling along, will now be even worse off.

I think it was Johnny who stated earlier than they are creating inflation. This extre QE and devaluation would suggest he was correct.

kabayiri

So why £75bn, and not 25 or 100 ?

Does anyone really think it will fix things?

The last 200bn didnt solve our problems , did it?

I thought that last time the banks were guilty of hoarding the money, and not lending. What will change this time?

ILW

Low IRs, high inflation.
Looks like the ones that just ran up the debts were the clever ones and those that decided to try to act with moderation are being shafted.
Great lesson for the future.

Graham_Devon

JonnyBravo wrote: »

No idea! I don't know the share, the price you sold at or the price now. :rotfl:

Sold XEL at 126p.

Put that money into HER yesterday as a top up, which was a very very risky move and actually did three quotes before finally going for it.

HER seems to have liked QE. 13% up, though still very much down on that investment as I was already invested.

wotsthat

Graham_Devon wrote: »

Sold XEL at 126p.

Put that money into HER yesterday as a top up, which was a very very risky move and actually did three quotes before finally going for it.

HER seems to have liked QE. 13% up, though still very much down on that investment as I was already invested.

Only yesterday you were moaning about how corrupt the AIM market was. Has anything changed or are you just a hopeless optimist?

JonnyBravo

Graham_Devon wrote: »

Sold XEL at 126p.

Put that money into HER yesterday as a top up, which was a very very risky move and actually did three quotes before finally going for it.

HER seems to have liked QE. 13% up, though still very much down on that investment as I was already invested.

Ah right. Never owned either but I share your pain on being down on an investment.
Ah well, it'll come good in the end.