Money supply & gold

[DimPrawn]

The theory is, the Govt (Brown and Co) only buy good quality assets with the money, and later sell them on at a profit.

The danger is the Govt (Brown and Co) buy toxic worthless assets that the banks can't sell quick enough. This leaves the tax-payer up sheet creek. As usual.

You decide which scenario is going to play out.

[M_B]

Is it ?

I thought the theory was that the BOE buys private corporate bonds (i.e. Banks bonds) so that they have funds to then lend to customers and thereby have an overall effect of getting the credit market going again. Is that not the case ?

...or is the BOE only going to buy Government bonds in the hope that the Government will then spend its cash wisely ?

[Platypus]

£ is gonna sink big time today

I've been watching it and I don't see big falls ... ?

[PM-Junkie]

I've been watching it and I don't see big falls ... ?

Funny that isn't it? No doubt our Walter Mitty friend will be back telling everyone how he knew it all along and made a killing. Again.

[SantaClaus]

Funny that isn't it? No doubt our Walter Mitty friend will be back telling everyone how he knew it all along and made a killing. Again.

200 pips is a decent fall. I certainly made my day's money by midday today.

Highly likely we will continue downwards, if not tomorrow, then next week.
Markets dont go in straight lines you know

[Foxy Moron]

The pound strengthened against the Euro yesterday and pretty much stayed the same against the Dollar. Santa, you know not of what you talk. You don't do a bad job at Christmas though. I guess everyone has to br right at least once a year!

[ace00]

The pound strengthened against the Euro yesterday and pretty much stayed the same against the Dollar. Santa, you know not of what you talk. You don't do a bad job at Christmas though. I guess everyone has to br right at least once a year!

More a case of the Euro weakening than the pound getting stronger.