Quantitative Easing

**Chantho** · 3 March 2009, 08:47

Originally posted by BlasterBates View Post

QE to be started this week

good or bad ?

If it's Brown's (or Darling's) idea then it must be bad.

**DimPrawn** · 3 March 2009, 08:49

Good if you have debts and are paid in foreign currencies.

Bad if you have savings/pension pot and are paid in £££.

**BlasterBates** · 3 March 2009, 08:51

Pound holding up, or does it slide when they start.

**DimPrawn** · 3 March 2009, 08:52

I reckon it will slide when we're carrying our loose change in a wheel-barrow.

**Bagpuss** · 3 March 2009, 09:43

We didn't need a wheelbarrow to buy a loaf when the credit boom ramped up.
You did need to trade in a ferrari for a ex-council flat though.

QE and the credit boom, basically the same thing.

**OwlHoot** · 3 March 2009, 09:47

Originally posted by BlasterBates View Post

Pound holding up, or does it slide when they start.

I'm no expert, but my impression is that it's like a large snowball stuck on a steep snow-covered hillside.

For now it's stuck in a rut and they're pushing against it as hard as they can to try and budge it. But as soon as it does start moving, it'll roll faster and faster and grow ever larger and soon they won't be able to stop it!

**Pickle2** · 3 March 2009, 09:49

Originally posted by OwlHoot View Post

I'm no expert, but my impression is that it's like a large snowball stuck on a steep snow-covered hillside.

One of those two statements sound about right.

**SantaClaus** · 3 March 2009, 10:29

I'm already short £. Wouldnt be suprised to see 1.35 level this week.

**Cyberman** · 3 March 2009, 10:32

If you want to see the results of quantitative easing just study the recent economic performance of Zimbabwe.

Quantitative Easing