Quantitative Easing

[M_B]

It worked for Japan.

....well........ it didn't lead to inflation because they were stuck in deflation. Bailing out the banks is what worked for Japan.

[d000hg]

If you want to see the results of quantitative easing just study the recent economic performance of Zimbabwe.

I think they maybe approached it a bit more thoughtlessly, and to a greater extent, after all they were screwed (properly screwed not house-prices falling screwed) already. Germany's the other classic example but they also were in an extremely dire straits.

Maybe a limited QE can only result in limited cockups ... isn't the problem when they accelerate the process to try and pay off problems from the first batch?

[Cyberman]

If you want to see the results of quantitative easing just study the recent economic performance of Zimbabwe.

[SantaClaus]

I'm already short £. Wouldnt be suprised to see 1.35 level this week.

[Pickle2]

I'm no expert, but my impression is that it's like a large snowball stuck on a steep snow-covered hillside.

One of those two statements sound about right.

[OwlHoot]

Pound holding up, or does it slide when they start.

I'm no expert, but my impression is that it's like a large snowball stuck on a steep snow-covered hillside.

For now it's stuck in a rut and they're pushing against it as hard as they can to try and budge it. But as soon as it does start moving, it'll roll faster and faster and grow ever larger and soon they won't be able to stop it!

[Bagpuss]

We didn't need a wheelbarrow to buy a loaf when the credit boom ramped up.
You did need to trade in a ferrari for a ex-council flat though.

QE and the credit boom, basically the same thing.

[DimPrawn]

I reckon it will slide when we're carrying our loose change in a wheel-barrow.

[BlasterBates]

Pound holding up, or does it slide when they start.

[DimPrawn]

Good if you have debts and are paid in foreign currencies.

Bad if you have savings/pension pot and are paid in £££.

[Chantho]

QE to be started this week

good or bad ?

If it's Brown's (or Darling's) idea then it must be bad.

[BlasterBates]

QE to be started this week

good or bad ?