Wibble

[DimPrawn]

George Osborne bags £35bn windfall from QE - Telegraph



Beats having a real economy I suppose.

[fullyautomatix]

George Osborne bags £35bn windfall from QE - Telegraph



Beats having a real economy I suppose.

So cool to make 35 billion by virtually doing no work. Why arent all the countries doing it ? I am just so happy that the UK is a pioneer in these things. I just hope that the money is wisely used in providing social housing, child benefits and something else.

[AtW]

KUATB

[DimPrawn]

Sasguru will be along shortly to call us all Cretins and say it all makes perfect sense to ekonomick jeeniuses like 'imself.

[BrilloPad]

So is the UK economy fixed now?

[sasguru]

Sasguru will be along shortly to call us all Cretins and say it all makes perfect sense to ekonomick jeeniuses like 'imself.

Cretin. It makes perfect sense.

[sasguru]

On a serious note, it's worth noting the proponents of QE, the US and UK, have avoided anything like the depressions and unemployment rate hitting southern Europe.
French unemployment has risen for 16 months in a row now - they're following Greece, Spain and Italy down the depression route. Unt soon zey vill be speakin Cherman.

[AtW]

On a serious note, it's worth noting the proponents of QE, the US and UK, have avoided anything like the depressions and unemployment rate hitting southern Europe.
French unemployment has risen for 16 months in a row now - they're following Greece, Spain and Italy down the depression route. Unt soon zey vill be speakin Cherman.

Boll0x as usual from our own ex-City expert.

Unemployment by country:

Germany: 5.4% (11.4% in 2005 - so they cut it by half!)
UK: 7.9% (4.6% in 2005)
France: 10.7% (9.2% in 2005)

So who is in deep tulip relatively speaking? Germany actually reduced unemployment rate, France always had it high so they did not go as much but UK had the highest increase in unemployment rate (nearly 100%).

Unemployment in Europe (monthly) - Google Public Data Explorer

Not sure how well other countries are good at keeping unemployed people off the books, but UK is certainly done well in this respect.

[speling bee]

On a serious note, it's worth noting the proponents of QE, the US and UK, have avoided anything like the depressions and unemployment rate hitting southern Europe.
French unemployment has risen for 16 months in a row now - they're following Greece, Spain and Italy down the depression route. Unt soon zey vill be speakin Cherman.

The problem Southern Europe is that they cannot use QE or interest rates to devalue, compared to other Eurozone countries. We however can print money, devalue to restore competitiveness, inflate away our debt and wipe out AtW's already pitiful savings.

[AtW]

We however can print money, devalue to restore competitiveness, inflate away our debt and wipe out AtW's already pitiful savings.

WHS

This might force me get a one way boat ticket to Soviet Russia.