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Bank of England poised to restart QE stimulus

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    #11
    Originally posted by sasguru View Post
    *Typical of continentals that they do QE through the tradesmens entrance.
    Well, it is the Greek crisis
    While you're waiting, read the free novel we sent you. It's a Spanish story about a guy named 'Manual.'

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      #12
      No doubt the extra £50bn will go straight into the pockets of the 1% and do nothing to stimulate demand.

      Its a bit like trying to put out a fire by pouring petrol on it.

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        #13
        Originally posted by doodab View Post
        Well, it is the Greek crisis
        Which is now getting a whol lot worse - Greek death spiral accelerates – Telegraph Blogs

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          #14
          Originally posted by BrilloPad View Post
          No doubt the extra £50bn will go straight into the pockets of the 1% and do nothing to stimulate demand.
          Not true actually - BoE will buy Govt bonds that they can't sell for 2% on auction and don't want to pay Greek rates. So this will help Govt finance current spending that was promised - that's not stimulus, just an attempt to avoid bankrupcy.

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            #15
            Originally posted by doodab View Post
            Well, it is the Greek crisis
            "Condoms should come with a free pack of earplugs."

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              #16
              Originally posted by BrilloPad View Post
              Which is now getting a whol lot worse - Greek death spiral accelerates – Telegraph Blogs
              now the can has been kicked once more
              Eurozone crisis: live blog | The World | International affairs blog from the FT
              "Condoms should come with a free pack of earplugs."

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                #17
                Originally posted by BrilloPad View Post
                Which is now getting a whol lot worse - Greek death spiral accelerates – Telegraph Blogs
                Read I, Cringely » Blog Archive » Caution, train wreck in progress - Cringely on technology Its worrying when an american tech commentator is clearer than the financial specialists.
                merely at clientco for the entertainment

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                  #18
                  Originally posted by ThomasSoerensen View Post
                  Yes - should see things through until the greek elections in April. And a bit beyond.

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                    #19
                    I got a random text from my stockbroker telling me about this announcement.

                    The country hasn't descended into hyperinflation so far, why will the newest round of QE change that?
                    Originally posted by MaryPoppins
                    I'd still not breastfeed a nazi
                    Originally posted by vetran
                    Urine is quite nourishing

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                      #20
                      Joanne Segars, the chief executive of the National Association of Pension Funds, said while she could understand the need to boost the economy, QE was damaging the value of pensions: "Retirees who get locked into a weak annuity will find that the Bank's money printing leaves them out of pocket for the rest of their lives.

                      "For the companies that run final salary pensions, QE is a headache which pushes their pension funds further into the red. This means businesses have to put more money into their pension schemes, instead of spending it on jobs and investment. Our fear is that firms struggling with a weak economy will simply choose to close their pension schemes."
                      And who's running the biggest final salary schemes?
                      While you're waiting, read the free novel we sent you. It's a Spanish story about a guy named 'Manual.'

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