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BoE raises interest rates to stem massive looming inflation
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Originally posted by SueEllen View PostI blame the condems
condoms
If they were any good we would not have to put up with those deflationary types...Comment
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While the continue to print money which, ironically, creates inflation! My what a wonderful world these bankers live in.
Besides, with all the money the US has printed, the BOE raising rates won't make a tiny bit of difference.McCoy: "Medical men are trained in logic."
Spock: "Trained? Judging from you, I would have guessed it was trial and error."Comment
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Originally posted by lilelvis2000 View PostWhile the continue to print money which, ironically, creates inflation! My what a wonderful world these bankers live in.
Besides, with all the money the US has printed, the BOE raising rates won't make a tiny bit of difference."A life, Jimmy, you know what that is? It’s the s*** that happens while you’re waiting for moments that never come." -- Lester FreamonComment
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Originally posted by Freamon View PostIn fact, in what sense is QE "printing money" in the first place?
HTHComment
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Originally posted by AtW View Post0.5% official rate when real inflation is well over 5% is the same as printing money.
HTH
Is "inflation" only ever due to printing money?"A life, Jimmy, you know what that is? It’s the s*** that happens while you’re waiting for moments that never come." -- Lester FreamonComment
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Originally posted by Freamon View PostThere's more than one logical leap of faith in that statement.
Is "inflation" only ever due to printing money?
this kind of inflation as wellDoing the needful since 1827Comment
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Markets sentiment is that leaving UK base rates unchanged is more destructive to the £ than a tsunami.
Sterling is down over 1% against the Yen today. Japan, which has and continues to suffer its biggest earthquake in recorded history and the 7th biggest in history globally, and which will presumably cost untold trillions of Yen to the economy, is on firmer ground than the UK.Comment
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Originally posted by TimberWolf View PostMarkets sentiment is that leaving UK base rates unchanged is more destructive to the £ than a tsunami.
Sterling is down over 1% against the Yen today. Japan, which has and continues to suffer its biggest earthquake in recorded history and the 7th biggest in history globally, and which will presumably cost untold trillions of Yen to the economy, is on firmer ground than the UK.Comment
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