Reply to: More QE needed

[scooterscot]

revert to actually producing goods and services, rather than relying on volatile manias and bubbles as a source of prosperity.

Problem with dat ist the skills have already left the shores long ago. Unlike the banks manufacturing skills destroyed in days take years to replace.

[scooterscot]

What is wrong with living within your means?

At the moment spending is a ponzi scheme backed by ever increasing asset prices. One day it will burst.

Though interesting that "Oik" sees the bubble about to burst so wants us to spend our pension pots to keep things going a bit longer.

Nothing at all, saving before you buy is what most Germans do. But that's not how the UK works. If we suddenly switched our HP from everything from the fridge to the car the UK would be proper fooked.

[Zero Liability]

Deflation, much more of a threat than run away inflation imo.

The only reason it is is because of what deflation really is: an unravelling of inflation of the money supply, usually via credit expansion. Therefore, what it is, is credit contraction. Central bankers and debt addicts do hate it, but if the alternative to this corrective measure is to just keep pumping credit into the system to keep it going and therefore perpetuate the problem, until it blows up into more severe forms of inflation when the banks do begin putting all that money to use, then count me out.

"Geniuses" like Carney are going to be exposed for the clueless numpties that they really are (I mean how much more transparent does it have to be than the fact that interest rates won't go up, according to the plan, until after the GE?), and hopefully then we can get over this superstar central bankster obsession and revert to actually producing goods and services, rather than relying on volatile manias and bubbles as a source of prosperity.

[BrilloPad]

Deflation, much more of a threat than run away inflation imo.

What is wrong with living within your means?

At the moment spending is a ponzi scheme backed by ever increasing asset prices. One day it will burst.

Though interesting that "Oik" sees the bubble about to burst so wants us to spend our pension pots to keep things going a bit longer.

[minestrone]

Leaving the EU is bonkers.

[suityou01]

I guess investors are jittery about the sluggish EU and the trouble in the Middle East.

But the fundamentals look reasonable, according to these guys

Indeed CNBC were saying the same this evening. A correction, part of a v-shape recovery. The end of long bullish runs, but by no means a collapse.

Just passing on.

[scooterscot]

Deflation, much more of a threat than run away inflation imo.

[Platypus]

It'll probably be as much a damp squib as the Scottish one. I predict Scots will tip it to a pro-EU result and everyone else will be very cross that they voted to remain in the UK only to spoil it for the rest of us.

Exactly. This is what I'm thinking too.

[MarillionFan]

The Dow has been in freefall these past few days.

You working on it?

[BrilloPad]

Then you need a plan B.

Fire up the helicoptwer and start dropping money?

The Dow has been in freefall these past few days.

I think the stock market looks ahead 18 months. Or maybe there is a lack of QE?

[suityou01]

I guess investors are jittery about the sluggish EU and the trouble in the Middle East.

But the fundamentals look reasonable, according to these guys

Yep. Looks good. Doomed.

[OwlHoot]

The Dow has been in freefall these past few days.

I guess investors are jittery about the sluggish EU and the trouble in the Middle East.

But the fundamentals look reasonable, according to these guys

[NoddY]

If you don't care about inflation, and you're printing money anyway, then why not print tax money? Why not print NHS wages? Why not print x?

[suityou01]

The Yank economy seems to be almost back at full steam, with their oil price down to 2008 levels.

But the UK's oil price is 15% higher than in 2008, and we're chained at the waist to a bunch of loser socialist countries in the EU who have jumped overboard and are struggling in the water in imminent danger of drowning and dragging us down with them

The EU referendum can't come quickly enough!

The Dow has been in freefall these past few days.

[d000hg]

The EU referendum can't come quickly enough!

It'll probably be as much a damp squib as the Scottish one. I predict Scots will tip it to a pro-EU result and everyone else will be very cross that they voted to remain in the UK only to spoil it for the rest of us.