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Bank of England says financiers are fuelling an economic 'doom loop'
telegraph.co.uk — The banking sector must be overhauled as profoundly as in the wake of the Great Depression or financiers will 'game the state' over and over again. (more) Bank of England says financiers are fuelling an economic ...
Bank of England Throws Money at Economy
hf-implode.com — "It's no wonder that gold is soaring with the US, UK, and China all printing money like mad. Throw enough money around and gold is bound to rise regardless of anything else that might happen (all of it bad)." (more) Bank of England Throws Money at Economy

Bank of England Latest Blog Posts

U.K.: Bank of England Warns of "Doom Loop"
11 hours ago at Calculated Risk
Bank of England Throws Money at Economy
globaleconomicanalysis.blogspot.com — It's no wonder that gold is soaring with the US, UK, and China all printing money like mad. Throw enough money around and gold is bound to rise regardless of anything else that might happen (all of it bad). Please consider the latest insanity in the ... (more) Bank of England Throws Money at Economy
Britain To Break Up Biggest Banks
baselinescenario.com — The WSJ reports ( on-line ): “The U.K.’s top treasury official Sunday said the government is starting a process to rebuild the country’s banking system, likely pressing major divestments from institutions and trying to attract new retail banks to the market.” The ... (more) Britain To Break Up Biggest Banks
Fuld's Last Stand On Auction
hf-implode.com — " ZH's intern will be bidding telphonically on the below signed Warhol screenprint depicting Warhol's "GENERAL FULD" mere days before Fuld's Last Stand at which he and all of his compatriots were killed by short sellers, Charlie Gasparino, the FSA, the Bank of England, and a host of other Lakota ... (more) Fuld's Last Stand On Auction
UK mortgage approvals up 6 pct in September (AP)
news.yahoo.com — AP - Mortgage approvals in the U.K. rose 6 percent in September as the country's battered housing market improved, but cautious consumers paid off debt faster than they borrowed, the Bank of England said Thursday. (more) UK mortgage approvals up 6 pct in September (AP)
King calls for break
ft.com — Mervyn King, governor of the Bank of England, called on Tuesday night for banks to be split into separate utility companies and risky ventures, saying it was “a delusion” to think tougher regulation would prevent future financial crises. Changing face ... (more) King calls for break
Treasury Market Update
acrossthecurve.com — The US Treasury market is suffering an unseemly decline this morning with the yield on the 10 year note at close to 3.40 percent. I printed a post about the Bank of England minutes and the turmoil which that has caused in the Gilt market. There is ... (more) Treasury Market Update
Why curbing finance is hard to do
ft.com — About a month ago, I visited the aero engine factory of Rolls-Royce, in Derby. I was hugely impressed. Making jet engines able to work at extreme temperatures is an extraordinary achievement. Why does the financial industry not work this way? How ... (more) Why curbing finance is hard to do
BOE More Likely to Expand Bond Purchases on GDP Slump (Update1)
BOE More Likely to Expand Bond Purchases on GDP Slump (Update1)
bloomberg.com — Oct. 23 (Bloomberg) -- Britain’s failure to escape the worst recession since World War II may force the Bank of England to increase its bond-purchase plan next month, economists said. Seven months after Governor Mervyn King’s central bank started a ... (more) BOE More Likely to Expand Bond Purchases on GDP Slump ...
Friday’s Futures Outlook: British Pound Hammered By GDP Drop
dailymarkets.com — The December British Pound is getting hammered this morning, following an unexpected drop in U.K. 3rd Quarter Gross Domestic Product. Today’s news indicated the U.K. recession worsened as it extended into its 6th straight quarter. Traders had ... (more) Friday’s Futures Outlook: British Pound Hammered By GDP Drop
UK Economy Continues to Contract
UK Economy Continues to Contract
econompicdata.blogspot.com — The U.K. "surprised"with a 6th straight quarter of contraction. George Buckley of Deutsche Bank via the Telegraph with the details: "The worst thing is that every single component of GDP that was published did not rise. It's a bad number. It's the ... (more) UK Economy Continues to Contract
Today’s Best Market Rumors  (10/23/2009) (TWX)(PALL)(T)(KFT)
Today’s Best Market Rumors (10/23/2009) (TWX)(PALL)(T)(KFT)
247wallst.com — Updated throughout the day. The Bank of England may have to increase bond purchases after the UK economy shrank in Q3. (Bloomberg) Chrysler Financial will cease business within two years (CNBC) Time Warner’s (NYSE:TWX) Time, Inc publishing ... (more) Today’s Best Market Rumors (10/23/2009) (TWX)(PALL)(T)(KFT)