Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!
Purely because the money is sitting in bank vaults. Besides, asset markets have been very frothy for a while now and a lot of central bank activity has been to exercise demand for and therefore subsidise government and other debtors and assets, like distressed mortgages. So just because the money hasn't leaked out, due to a perceived death of creditworthy borrowers and very targeted CB activity doesn't mean it won't happen when it enters the rest of the economy, unless of course there's a big debt contraction beforehand.
London's frothy property market is just one microcosm of bubbles activist central banks have helped instigate but for the time being it's constrained to the asset wealthy.
Bitcoin is starting to look like an attractive means of exchange for goods and trade all of sudden.
Meanwhile real currency devalues day after day. If you're at work earning in a currency whose central bank supports an active QE program then you're effectively trying to head upwards climbing the downwards escalator. In other words your efforts will not lead to progress and prosperity, which is exactly what the rich want.
"Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark Twain
Comment