Too much of quantitative easing for BOE ?

Discussion in 'Wall St. News' started by ASusilovic, Mar 24, 2009.

  1. Uh oh…

    Now that CPI is rising, trusty Bank of England governor Mervyn King seems to be suffering from a touch of mind-changing.

    Note the following flashes on the BoE’s just introduced quantitative easing measures (our emphasis):

    -KING-WE MIGHT NEED TO DO LESS ON QE THAN 75 BLN STG IF IT WORKS

    -KING-TARGET IS TO COMPLETE SOMETHING IN THE ORDER OF 75 BLN STG IN QE OVER NEXT 3 MONTHS

    -BOE’S KING-WE ARE MILDLY ENCOURAGED BY WHAT WE HAVE SEEN ON COMMERCIAL PAPER BUYING SCHEME

    -BOE’S DALE SAYS SEES SOME SIGNS OF RECOVERY EVIDENT BY TURN OF THE YEAR

    -WITH BANK RATE CLOSE TO ZERO, RATES ARE NO LONGER GOOD INSTRUMENT TO EASE POLICY

    -KING-THE AMOUNT OF MONEY IS SIMPLY NOT GROWING FAST ENOUGH TO REACH SUSTAINABLE GROWTH RATE

    -BOE’S KING-DOES NOT SEE BIG PROBLEMS FOR PENSION FUNDS FROM DEFLATION

    -DALE: STIMULUS IS LARGE, BUT RISK IS THAT IT COULD BE SLOW TO TAKE EFFECT

    -BOE’S BLANCHFLOWER SAYS EXPECTS UK UNEMPLOYMENT RATE TO ENTER DOUBLE FIGURES BY YEAR-END 10:07

    http://ftalphaville.ft.com/blog/2009/03/24/53942/too-much-of-a-qe-thing-for-mervyn/

    [​IMG]

    :D :D :D
     
  2. jprad

    jprad

    OT: How does an English citizen get to use "King" as a surname while BurgerKing(tm) is prohibited from displaying that trademark?