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If QE Was Withdrawn....
Comments
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Not your most sensible comment IMOThrugelmir wrote: »2,000 mortgages in a year at no risk to the Treasury. So a lot of political hot air is being written.
Interest free loans on £600k sub prime mortgages no risk to the treasury?
(If they were prime mortgages the Banks would accept them without taxpayer support)
More to the point, it is increasing housing costs which makes it more difficult for people to relocate to where the work is, and inflates the housing benefit bill.
Incidentally the hidden camera job on Patrick Mercer (Panorama last night) gives a clue as to Osborne's motivation. Mercer says there will be few Tory MPs after the next election.
Since Osborne's party has not been elected I guess he wants to leave a poisoned chalice for whoever is elected. His elected successor will be forced to maintain crippling housing costs, or face mass defaults on the taxpayer backed (& interest free) sub prime debt.“It is difficult to get a man to understand something, when his salary depends on his not understanding it.” --Upton Sinclair0 -
As a newbie to the world of investing, it's things such as the anticipation for this afternoon's job figures from the US that confuse me...and hopefully others! If I have this right...
If the figures are good, economically, then there is more of a possibility of QE being reduced and so the markets will react badly?
If the figures are bad, economically, then it is less likely that QE will be reduced and so the markets will react well?
I believe the financial technical term for this is a**e about face, isn't it?
How are people new to investing supposed to understand the logic behind this?
0 -
QE is working because its making the rich richer, and the poor poorer.about QE withdrawal but more that the realisation it isn't working is setting in.
(Agricultural land prices have about trebled since QE began, (which is feeding through to farm rents) whilst food prices are already up about 40%)
What you mean is it isn't doing what it was claimed to do.“It is difficult to get a man to understand something, when his salary depends on his not understanding it.” --Upton Sinclair0 -
Glen_Clark wrote: »Perhaps you can explain it to me then.
The pound has fallen in value about 20% against the Euro since the Euro was introduced. So how can people in Britain talk about a collapsing Euro?
(or even think the economy would be better managed by Westminster than Brussels)
We have collapsed even more?"If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham0 -
As a newbie to the world of investing, it's things such as the anticipation for this afternoon's job figures from the US that confuse me...and hopefully others! If I have this right...
If the figures are good, economically, then there is more of a possibility of QE being reduced and so the markets will react badly?
If the figures are bad, economically, then it is less likely that QE will be reduced and so the markets will react well?
I believe the financial technical term for this is a**e about face, isn't it?
How are people new to investing supposed to understand the logic behind this?
You are not.
Think casino, you are a punter with a few hard earned chips.
Who normally wins?"If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham0 -
Glen_Clark wrote: »Perhaps you can explain it to me then.
The pound has fallen in value about 20% against the Euro since the Euro was introduced. So how can people in Britain talk about a collapsing Euro?
(or even think the economy would be better managed by Westminster than Brussels)
Glen you are right if you see the Euro as the money of rich Europeans. I refer to the Eurozone collapsing, society being driven to eating out of dustbins, people driven from their homes, mass migration, ........ so I should be more precise.
As for the pound I'm very happy with it's level. Costs me more to go but easier to do business. I remember it at 1.43 and at 1.05, but 1.17 seems a sensible level.
But even if you think the UK is a disaster that doesn't make the Euro god's gift to mankind
I believe past performance is a good guide to future performance :beer:0 -
I refer to .... society being driven to eating out of dustbins
Do you think thats not happening in Britain? Oxfam estimates over half a million people in Britain reliant on charity food parcels.
http://policy-practice.oxfam.org.uk/publications/walking-the-breadline-the-scandal-of-food-poverty-in-21st-century-britain-292978
Meanwhile disabled people who don’t want to be reliant on food banks are being taught how to scavenge for free food in supermarket skips and dustbins The workshops are being run in south Wales by members of the Disabled Activists Network Wales (DAN Cymru). - (link to this story is behind a paywall.)
Homeless 62 year old woman goes to council and is offered a voucher to buy a tent
http://www.guardian.co.uk/society/patrick-butler-cuts-blog/2013/jun/03/homeless-pensioner-offered-tent-by-council
(Maybe the British are less extrovert than the continentals, and are too embarrased to complain about their poverty?)
“It is difficult to get a man to understand something, when his salary depends on his not understanding it.” --Upton Sinclair0 -
How long before we need yet another devaluation?As for the pound I'm very happy with it's level. Costs me more to go but easier to do business. I remember it at 1.43 and at 1.05, but 1.17 seems a sensible level.
Reminds me of the cartoon with Sir Mervyn King sitting in the driving seat of a car, foot to the floor, the engine is screaming, the fuel gauge on empty, but we are going nowhere because the gearbox is broke.
If printing money and trashing the currency was the only thing needed to produce exports, then Britain would be the biggest exporter in Europe (pound has fallen 20% against the Euro since the Euro was introduced) and Zimbabwe would be the biggest exporter in the world!
We need to make Britain investable or all this prinited money will just go abroad. Simplify the Tax and Legal system, educate people in PRODUCTIVE subjects, reduce the size of the Government and other unproductive parts of the public sector, improve the infrastructure etc etc.
We need to aim for the top - competing with Germany and Switzerland on Quality and Innovation. Not aiming for the bottom competing with Bangladesh on cheapness of labour because they will beat us on that. Their child labourers will work for 20p an hour because they have never known better. British workers won't work for 20p an hour because they have known better - and couldn't exist on it anyway because housing costs etc are much higher in Britain.“It is difficult to get a man to understand something, when his salary depends on his not understanding it.” --Upton Sinclair0 -
Glen_Clark wrote: »Not your most sensible comment IMO
Interest free loans on £600k sub prime mortgages no risk to the treasury?
Likewise as you've been somewhat selective in your statement. Few mortgages of that level are granted of that level.
With the correct underwriting risk is minimised.
Don't forget that the developer also has to contribute to the indemnity fund.0 -
Glen_Clark wrote: »
Do you think thats not happening in Britain? Oxfam estimates over half a million people in Britain reliant on charity food parcels.
http://policy-practice.oxfam.org.uk/publications/walking-the-breadline-the-scandal-of-food-poverty-in-21st-century-britain-292978
Meanwhile disabled people who don’t want to be reliant on food banks are being taught how to scavenge for free food in supermarket skips and dustbins The workshops are being run in south Wales by members of the Disabled Activists Network Wales (DAN Cymru). - (link to this story is behind a paywall.)
Homeless 62 year old woman goes to council and is offered a voucher to buy a tent
http://www.guardian.co.uk/society/patrick-butler-cuts-blog/2013/jun/03/homeless-pensioner-offered-tent-by-council
(Maybe the British are less extrovert than the continentals, and are too embarrased to complain about their poverty?)
As I said simply saying all is bad in the UK so the Euro must be great seems an odd way of looking at it.
I know Spain is possibly a bad example of the Euro area but I have a lot of face to face experience of it.
What I see in the UK is what you see; it is not at times pleasant. However what I see in Spain is worse. When you see middle class beggars outside supermarkets in normally well off areas asking people to buy a little extra so they can feed the kids you note a difference. When you see schools trying to feed kids because they won't be eating at home (and then the school goes bust). When you see the police trying to throw old people on to the street (although due to physical resistance by M-15, DRY and the like this is reducing), when you see worker abuse, .............. I could go on.
Yes the UK is not great; you are right to feel disgruntled, but it is not the worst place in the world. And even if it was that wouldn't make what is going on in the Euro zone a success story. :beer:I believe past performance is a good guide to future performance :beer:0
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