QE fooks you over, warns utter cretin at the helm

[DimPrawn]

QE pushes families into debt, warns Bank of England Governor Sir Mervyn King - Telegraph

Am I the only one thinking he is a clueless ?

[Churchill]

QE pushes families into debt, warns Bank of England Governor Sir Mervyn King - Telegraph

Am I the only one thinking he is a clueless ?

Nah mate, he's just doing what we did over Y2K - **** all happened because we did our jobs so well and worked our bollocks off behind the scenes...

Yeah, right.

Anyway, now that cat is well and truly out of the bag what other myths can we destroy?

[TimberWolf]

He's still worried about inflation getting too low.

[sasguru]

QE pushes families into debt, warns Bank of England Governor Sir Mervyn King - Telegraph

Am I the only one thinking he is a clueless ?

Actually no, I think you're a clueless

HTH

[OwlHoot]

He's still worried about inflation getting too low.

Looking at the graph of inflation over the last four years, that doesn't seem very likely.

Apart from that spike in 2008 and identical sized and shaped dip the following year, you can put your pencil through the underlying trend, which is relentlessly upward. It will obviously be at least 4% next year, at the time they're now claiming it will have fallen sharply.

[Mich the Tester]

Is a bit of inflation really a bad thing in hte short term given the levels of personal and national debt?

[sasguru]

Quite. I bet the Greeks wish they could have a bit more inflation.

[OwlHoot]

You ain't seen nothing yet.

Learn the words to "Buddy can you spare a dime".

Why? Is the UK planning to switch to US currency?

Hmm, might work.

[PAH]

Is a bit of inflation really a bad thing in hte short term given the levels of personal and national debt?

My understanding is that inflation doesn't help erode personal debt unless you're also experiencing correlating wage inflation, which as yet isn't happening for most people.

So you are worse off, as the debt holds the same value against your ability to pay it yet other stuff is also more expensive due to the inflation.

Not sure how inflation affects national debt. Wouldn't surprise me if the clowns in charge have the debt linked to inflation so it's worse off too.

[DimPrawn]

Is a bit of inflation really a bad thing in hte short term given the levels of personal and national debt?

Is everyone getting > 5% pay awards then? Otherwise, how does having less money to pay your debts as the cost of living is rising help the debtors or the lenders?

Answers on a postcard please...