Bank of England to consider £50bn stimulus for economy

[KentPhilip]

Further stimulus is going to decimate the stock markets. Previous QE hasn't worked, which means that any more QE will be seen as desparate last resorts - and likely to fail.

Read the history of the Great Depression - we're in for a very hard time over the next 5 to 10 years. Shame the world's governments didn't take heed from that era's mistakes.

I thought the ills of the great depression resulted from the lack of a stimulus; the adherence to the gold standard with no money printing?

[AtW]

Further stimulus is going to decimate the stock markets. Previous QE hasn't worked, which means that any more QE will be seen as desparate last resorts - and likely to fail.

QE worked exactly as intended by those who did it (they just don't want to admit to true reasons): UK gift yields are very low so Govt can continue to borrow.

Inflation is a byproduct of general debasement of Western currencies thanks to commodities going up and up.

Low rates kept people in debt above water for some time until banks realised that BoE rates have nothing to do with reality and in any case banks need to make money and the only way to do so is increase their own rates.

[BrilloPad]

QE worked exactly as intended by those who did it (they just don't want to admit to true reasons): UK gift yields are very low so Govt can continue to borrow.

Inflation is a byproduct of general debasement of Western currencies thanks to commodities going up and up.

Low rates kept people in debt above water for some time until banks realised that BoE rates have nothing to do with reality and in any case banks need to make money and the only way to do so is increase their own rates.

+1

So never ever save. Just spend spend spend.