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Bank of England Throws Money at Economy
Mish's Global Economic Trend Analysis —
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 UK: BOE May Expand Bond Plan as Officials ‘Throw Money’ at Economy. The Bank of England may increase its bond-purchase plan by 50 billion pounds ($83 billion) today as central bankers and politicians scramble to shore up Britain’s banking system and drag the economy out of recession. Governor Mervyn King’s nine-member Monetary Policy Committee will expand the asset-buying program ...
Mo' Money, Mo' Problems for the UK
Minyanville —
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 UK: "BOE May Expand Bond Plan as Officials ...
