• Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
  • Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!

You are not logged in or you do not have permission to access this page. This could be due to one of several reasons:

  • You are not logged in. If you are already registered, fill in the form below to log in, or follow the "Sign Up" link to register a new account.
  • You may not have sufficient privileges to access this page. Are you trying to edit someone else's post, access administrative features or some other privileged system?
  • If you are trying to post, the administrator may have disabled your account, or it may be awaiting activation.

Previously on "Bank of England poised to restart QE stimulus"

Collapse

  • AtW
    replied
    Originally posted by doodab View Post
    And who's running the biggest final salary schemes?
    Govt thinking is that pensions is the problem for future Govts where as current spending is their problem.

    Leave a comment:


  • doodab
    replied
    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?

    Leave a comment:


  • d000hg
    replied
    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?

    Leave a comment:


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

    Leave a comment:


  • eek
    replied
    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.

    Leave a comment:


  • ThomasSoerensen
    replied
    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

    Leave a comment:


  • ThomasSoerensen
    replied
    Originally posted by doodab View Post
    Well, it is the Greek crisis

    Leave a comment:


  • AtW
    replied
    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.

    Leave a comment:


  • BrilloPad
    replied
    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

    Leave a comment:


  • BrilloPad
    replied
    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.

    Leave a comment:


  • doodab
    replied
    Originally posted by sasguru View Post
    *Typical of continentals that they do QE through the tradesmens entrance.
    Well, it is the Greek crisis

    Leave a comment:


  • sasguru
    replied
    So the BofE has only "done" QE to the tune of £325 billion?
    That's a lot less than Super Mario has recently done at the ECB, with his "back door"* QE.

    Eurozone Crisis: ECB's 'Back Door Quantitative Easing' Lifts Markets

    So what are you cretins moaning at?

    *Typical of continentals that they do QE through the tradesmens entrance.

    Leave a comment:


  • BrilloPad
    replied
    Seems Merv will do ANYTHING to avoid deflation. And has underestimated inflation for years. Anyone can do that - its a muppet's job. This is storing up alot of trouble for the future.

    Leave a comment:


  • AtW
    replied
    Originally posted by DimPrawn View Post
    Have you downgraded your expectations of a 997 Turbo to an Audi?
    Can't put my new number plate on non-2012 car

    Leave a comment:


  • DimPrawn
    replied
    Have you downgraded your expectations of a 997 Turbo to an Audi?

    Leave a comment:

Working...
X