Bank of England.....my arse !!

[gordondaviesmoustache]

All QE creates is inflation.

and more wheelbarrows.

 

[The Ox]

If the "quantative easing" creates growth, then it makes sense theoretically. But if the money just goes into the ether, or to a handful of people/organisations, then it's just throwing money down the drain. Billy Bragg said it amounted to £4k each, it would be nice if all of that money went into our local economy.

Agreed. That's the question, how will the money be paid into the system ?
When the banks had there last glut of BoE cash, they recapitalized and lent the population LESS money. This money will help the rich get richer and won't help those that need it.

 

[Halfpenny]

If the "quantative easing" creates growth, then it makes sense theoretically. But if the money just goes into the ether, or to a handful of people/organisations, then it's just throwing money down the drain. Billy Bragg said it amounted to £4k each, it would be nice if all of that money went into our local economy.

Agreed. That's the question, how will the money be paid into the system ?
When the banks had there last glut of BoE cash, they recapitalized and lent the population LESS money. This money will help the rich get richer and won't help those that need it.

Exactly right; this quantitative easing is useless as a means of fiscal stimulus if the banks do not lend it to businesses to allow them to grow. It's simply a vicious circle.

 

[Swales lives]

We're fucked... again.

Fucking great 7 years of financial depression. I'm fucking sick of it.

 

[tweetstreet]

In Australia I remember a mate telling me that the government over there giving everyone (tax contributors only i hope) a sort of tax rebate of something like $1000-$2000 to encourage spending to boost the economy.

Anyone know about this in more detail and whether something like that could work here?

 

[ChicagoBlue]

In Australia I remember a mate telling me that the government over there giving everyone (tax contributors only i hope) a sort of tax rebate of something like $1000-$2000 to encourage spending to boost the economy.

Anyone know about this in more detail and whether something like that could work here?

That has been going on in USA for a few years now.

QE is the Keynesian answer...Government stimulating the economy. Always think of the alternate course of action when badmouthing the one initially presented. A little inflation is NOT always the worst thing that can happen!

 

[mcmanus]

Going off my limited intelligence on the matter is seems like we're all DOOMED.

Seriously can see riots, strikes, mass mass poverty, epic levels of crime, the whole kaboodle. Every news channel predicting financial meltdown as bad as the great depression but what I really want to know is will the Shiehk still be rich and will the price of weed go up or down?

 

[1_barry_conlon]

Why not use the gold reserves....oh hang on!!!

 

[Lucky13]

In Australia I remember a mate telling me that the government over there giving everyone (tax contributors only i hope) a sort of tax rebate of something like $1000-$2000 to encourage spending to boost the economy.

Anyone know about this in more detail and whether something like that could work here?

That has been going on in USA for a few years now.

QE is the Keynesian answer...Government stimulating the economy. Always think of the alternate course of action when badmouthing the one initially presented. A little inflation is NOT always the worst thing that can happen!

Our Goverment is doing something similar by raising the tax threshold to 10k , although I don't see why they couldn't do that over a two year period .

 

[Indestructable]

Why not use the gold reserves....oh hang on!!!

LOL