Carney printing more money

jamesd

Loughton_Monkey wrote: »

I had assumed that he would kick off with a one-off massive print job to send to the clearing banks as swaps for paper ones and ask them to hold onto paper notes for further 'swapsies'.

Seems unlikely because it's not how past new notes have been introduced. Much more likely to mean normal rate of printing for one year as the old notes wear out then minimal printing for 18 months until a significant number of the new notes start to wear out, followed by sustained printing at 40% of the previous rate.

Loughton_Monkey wrote: »

[Of course, I may have assumed nothing, and simply chosen the title as a deliberate sensationalist eye-catcher. When interest rates go up, I will create a post entitled "Interest Rate Rise causes Carneyage in the mortgage market..."]

You could indeed have done so, but even when choosing sensational topics I like a bit more accuracy and a massive drop in money printing is both sensationalist and accurate. A good combination.

dryhat

Thrugelmir wrote: »

Perhaps Carney is trying to find all that money that circulates around the black economy and never touches the banks.

The "black economy" is the real economy.

grizzly1911

CLAPTON wrote: »

as a matter of fact I don't

but the 'legally' binding targets of CO2 reduction and for the installation of 'smart' meters were introduced by labour and is presumably still part of their agenda.

It appears to be firmly on the coalition agenda as they did wish to accelerate roll out and have done nothing to halt the process.

The coalition government which was elected May 2010 has stated that it wants to “accelerate significantly the rollout of smart meters compared to previously published targets”.[44] There is some scepticism as to whether an accelerated approach is wise and whether it might risk undermining the benefits identified. DECC’s own Impact Assessment concludes that “There is potential for greater risk to consumers in terms of cost” from an accelerated rollout.[45]

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

I am sure the meter producers are quite happy to labour the potential upsides.

Assumptions:- To believe something is true based upon general unproven observations and reports. That is the polite version

CLAPTON

grizzly1911 wrote: »

It appears to be firmly on the coalition agenda as they did wish to accelerate roll out and have done nothing to halt the process.

The coalition government which was elected May 2010 has stated that it wants to “accelerate significantly the rollout of smart meters compared to previously published targets”.[44] There is some scepticism as to whether an accelerated approach is wise and whether it might risk undermining the benefits identified. DECC’s own Impact Assessment concludes that “There is potential for greater risk to consumers in terms of cost” from an accelerated rollout.[45]

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

I am sure the meter producers are quite happy to labour the potential upsides.

Assumptions:- To believe something is true based upon general unproven observations and reports. That is the polite version

yes indeed, it does seem that the least sane of labour's policies have been endorsed by the coalition


making assumptions is an everyday essential; making them clear provides the opportunity for others to correct them if they so wish (that's the polite version)