• 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!

QE puts UK in 'better position than Germany'

Collapse
X
  •  
  • Filter
  • Time
  • Show
Clear All
new posts

    #21
    Originally posted by sasguru View Post
    Still it is amusing when mediocre poly-educated techies try to solve the country's economic problems.
    It was Oxbridge educated chaps who got this country into this mess though

    Comment


      #22
      Originally posted by OwlHoot View Post
      Do they have polys in Russia?
      Yes, but they are considered lower quality edukation than University that I got my degree with distinction.

      Comment


        #23
        Originally posted by Doggy Styles View Post
        I doubt someone clueless could rise to become governer of the Bank of England.
        Well, there is a living example that it's possible!

        He serves as an inspiration to all sasguru's of this world

        Comment


          #24
          Originally posted by Doggy Styles View Post
          I wondered because, although a politician or even a contractor can go a long way without much of a clue about finance, I doubt someone clueless could rise to become governer of the Bank of England.
          Its not what you know - its how good you are at nodding when the PM speaks.

          And the little bit about bending over to the banks.
          McCoy: "Medical men are trained in logic."
          Spock: "Trained? Judging from you, I would have guessed it was trial and error."

          Comment


            #25
            Originally posted by AtW View Post
            It was Oxbridge educated chaps who got this country into this mess though
            Gordon Brown didn't go to Oxbridge. AFAIK the people who packaged sub-prime mortgages didn't go to Oxbridge, as they were invented in the US. And not sure how many banking bosses were Oxbridge educated.
            So your statement above is yet another example of Poly-style non-thinking.
            Hard Brexit now!
            #prayfornodeal

            Comment


              #26
              Originally posted by sasguru View Post
              Gordon Brown didn't go to Oxbridge. AFAIK the people who packaged sub-prime mortgages didn't go to Oxbridge, as they were invented in the US. And not sure how many banking bosses were Oxbridge educated.
              So your statement above is yet another example of Poly-style non-thinking.
              Sir Merv did -

              "King's College and St John's College, Cambridge; Harvard University"

              Mervyn King (economist) - Wikipedia, the free encyclopedia

              Comment


                #27
                Originally posted by AtW View Post
                Sir Merv did -

                "King's College and St John's College, Cambridge; Harvard University"

                Mervyn King (economist) - Wikipedia, the free encyclopedia
                Yes and he's doing a good job staving off depression, in spite of what poorly educated cretins like you think.
                So much so that the ECB recently copied him by flooding the banking system with cheap money.
                In actual fact AtW, in economic terms, anyone takng the opposite view to the one you take will be right.
                Last edited by sasguru; 12 February 2012, 15:42.
                Hard Brexit now!
                #prayfornodeal

                Comment


                  #28
                  Originally posted by sasguru View Post
                  So much so that the ECB recently copied him by flooding the banking system with cheap money.
                  I think you may find that relaxed lending terms were in use for a while now and Sir Merv can't claim credit, nor can he do so for QE because Mugabe did it first.

                  Comment


                    #29
                    Originally posted by AtW View Post
                    Sir Merv did -

                    "King's College and St John's College, Cambridge; Harvard University"

                    Mervyn King (economist) - Wikipedia, the free encyclopedia
                    But Mervyn King wasn't one of those who caused the problem.

                    In fact, if you'd been paying attention, you'd know that the credit crunch occurred years after the Bank of England was relieved of its most of its responsibilities in that direction.

                    Comment


                      #30
                      Originally posted by Doggy Styles View Post
                      But Mervyn King wasn't one of those who caused the problem.
                      You must be joking.

                      BoE was responsible for setting up interest rates - nothing stopped Sir Merv to increase them when rampart house price inflation was taking place to moderate demand and prevent bubble from forming up.

                      He may not have been able to stop banks buying up "Triple AAA" rated subprime tulip but he sure as heck had all the tools necessary to avoid house price boom in this country.

                      To do that he only needed to be:
                      a) truly independent
                      b) place long term interests of the country higher than his own

                      Comment

                      Working...
                      X