'heavy-duty credit easing'

[DimPrawn]

Bank of England may shift to 'heavy-duty credit easing', says rate setter Adam Posen - Telegraph

Look out for a helicopter near you dropping bags of freshly printed £50 notes.


We're all be millionaires soon.

PS.

Gold

[TimberWolf]

PS.

Gold

After a bit of a recent dip, the price (in GBP at least) appears to be on an upwards trend again now.

[HairyArsedBloke]

Speaking about above-target inflation in Britain, Mr Posen said that to the degree inflation can be explained as being due to a shock, policymakers have some latitude in their response.

If policymakers can credibly say inflation is not being passed through to general rises in inflation, the bank need not overreact, he said.

British inflation was 3.1pc in July, well above the central bank's 2pc target, but the BoE said last month this was mostly due to temporary factors while future growth was likely to weaken, making rate rises inappropriate for now.

A 'shock' and 'temporary factor', my fracking hairy arse. Inflation has been persistently above target for a long time and the BoE's own report shows that it will remain so. As I have repeatedly stated, their August report show that they don't have a fracking clue where inflation is going.

[Jog On]

After a bit of a recent dip, the price (in GBP at least) appears to be on an upwards trend again now.

$1300 here we come!

[doodab]

I think they should bring back tax relief on mortgage interest and introduce it on rent as well.

[TimberWolf]

$1300 here we come!

Wow, I hadn't looked at the price in USD. A record high and climbing.

[Mich the Tester]

I think they should bring back tax relief on mortgage interest and introduce it on rent as well.

That could send house prices to even more ridiculous levels and cause another debt crisis further down the line.

[doodab]

That could send house prices to even more ridiculous levels and cause another debt crisis further down the line.

It could, but given the current tightness in the mortgage market I think it's more likely to provide a gentle rebalancing of the ratio of accommodation costs to income and provide some respite for ordinary folk and the additional money in peoples pockets would hopefully serve to stimulate the real economy rather than inflate the property bubble further.

[Mich the Tester]

It could, but given the current tightness in the mortgage market I think it's more likely to provide a gentle rebalancing of the ratio of accommodation costs to income and provide some respite for ordinary folk and the additional money in peoples pockets would hopefully serve to stimulate the real economy rather than inflate the property bubble further.

Bloody hell mate, you could give a chap the impression you know what you're talking about!

I don´t!

[doodab]

Bloody hell mate, you could give a chap the impression you know what you're talking about!

I don´t!

Neither do I, but I get the impression the people running the show don't either