globaleconomicanalysis.blogspot.com - 3/6/2009
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The Fiscal Insanity Virus has struck again. See if you can spot the occurrences in BOE’s King ‘Groping in the Dark’ as U.K. Expands Money Supply . Bank of England Governor Mervyn King, criticized for his initial response to the credit crisis, is now embarking on one of the biggest risks in ...
ftalphaville.ft.com - 3/11/2009
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ftalphaville.ft.com —
From Reuters. BANK OF ENGLAND SAYS ALLOTS £1.999bn
of £2bn GILT PURCHASES TO COMPETITIVE BIDS. BANK OF...
ENGLAND SAYS TOTAL OFFERS RECEIVED £10.508bn. BANK OF ENGLAND SAYS BUYS £339m of 5.0% 2014 GILT AT WEIGHTED AVERAGE PRICE OF 114.792. BANK OF ENGLAND SAYS BUYS £440m of 4.75% 2015 GILT AT ...
(more)
Operation QE begins
globaleconomicanalysis.blogspot.com - 3/12/2009
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globaleconomicanalysis.blogspot.com —
I have been seeking economic common sense in
high places. It's very difficult to find on either...
side of the Atlantic. And in the ever escalating displays of lack of common sense, the UK introduces quantitative easing to aid economy . The Bank of ...
(more)
In Search Of Common Sense
ftalphaville.ft.com - 3/3/2009
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ftalphaville.ft.com —
This is an interesting way to announce that
the Treasury's given authorisation for the Bank of England...
to begin quantitative easing... ... via an interview with The Telegraph: [UK Chancellor] Alistair Darling is this week expected to give the Bank of England formal approval to effectively ...
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Allocating, multiplying, QE
Comments
Blog Reactions
Solutions as a Null Set
Lawrance G. Lux —
... Mike Shedlock has his own Take upon the entire concept of quantitative easing, the proper term for creating a Inflation system to counteract deflationary pressures in an economy. The trouble with quantitative easing stands on the fact that the funds are always transferred to the elements least in need of funding, as they have the least exposure to the deflationary pressures. Banks get the Cash, instead of Mortgage-holders; Businesses get funding to make up for lost Profits from reduced Production, rather than laid-off Labor. Mish might take it too far with his Fiscal Insanity ...
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Pound Sinks As Britain Teeters On Edge Of Bankruptcy
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Guest Post: Quantitative Easing Bringing Pensions to the Brink?
nakedcapitalism.com 3/12/2009 — Submitted by Leo Kolivakis, publisher of Pension Pulse . According to Watson Wyatt, U.S. pension plan funding plunged by more than$300 billion in 2008 : As news of the economic crisis continues to unfold, the first look at actual 2008 ...
Quantitative easing
marginalrevolution.com 3/19/2009 — Bernanke will do it . I'm sitting in an airport, so here is a very quick take. It is cheaper and quicker than fiscal stimulus; this should have been our first move. It is more likely to work. There are two effects: ...
UK in recession, official
ftalphaville.ft.com 1/23/2009 — The UK's in recession, and it's worse than we thought.
From Reuters:
KEY FIGURES FOR PRELIMINARY Q4 GDP
Q4 08: -1.5% QQ, -1.8 YY (FCAST -1.2% QQ, -1.4 YY
Q3 08: UNCHANGED AT -0.6 QQ, 0.3 YY
The quarterly figure is the biggest since Q2 1980, while ...
Bank of England cuts interest rates by 50 bps
ftalphaville.ft.com 2/5/2009 — Bank of England reduces Bank Rate by 0.5 Percentage Points to 1.5%:
8 January 2009
The Bank of England’s Monetary Policy Committee today voted to reduce the official Bank Rate paid on commercial bank reserves by 0.5 percentage points to 1.5%. The world economy appears to be undergoing an ...
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