Sunday 11 January 2009

Quantitative easing is well underway.

Read it here
"I would urge all those about to broadcast or write on this subject to take the precaution of first reading the latest Bank of England Weekly statements. These show that quantitative easing is well underway. The Bank’s balance sheet has ballooned from well under £100 billion last September, to nearly £240 billion by the year end. Just picking up tittle tattle from “sources” can be very misleading.......Actual printing of bank notes has been more limited, but these are up over the year by more than 10%, well ahead of the fall in economic activity and price increases. "
(Redwoods Diary)

1 comment:

Henry North London 2.0 said...

Oh shit Do we buy gold now or wait another week or so till I get my incapacity claim through? Im tempted to use it to buy gold and see if I can make it last longer