Berberis Posted August 10, 2016 Share Posted August 10, 2016 (edited) It was clearly forseen, but dimissed by the Leave campaign as "coming from experts" and therefore of no value.. I know that makes no sense, but they actually campaigned that people were fed up of being told what is what by "so called" experts. Well, foreseen means to predict. They believed the line from the leave campaign that it was not going to happen. Edited August 10, 2016 by Berberis Link to comment Share on other sites More sharing options...
tzijlstra Posted August 10, 2016 Share Posted August 10, 2016 Please explain yourself! The BoE is trying to boost the economy through quantitative easing. By buying bonds and things from companies it frees up cash for those companies which will hopefully trickle into the economy and mean that the little bit of growth that is there does not disappear, which would lead to job losses and a reduction in wages. It also, technically, leads to inflation, the problem the BoE has is that the pound is sliding on an accelerated downward trend since Brexit, it wants to make the pound more interesting in relation to other currencies whilst keeping growth in the economy going. Unfortunately that isn't happening, the BoE will soon run out of options. Link to comment Share on other sites More sharing options...
El Cid Posted August 10, 2016 Share Posted August 10, 2016 The BoE is trying to boost the economy through quantitative easing. Unfortunately that isn't happening, the BoE will soon run out of options. Nearly a decade after Japan’s central bank first experimented with quantitative easing, the country remains mired in deflation, a general decline in wages and prices that has crippled its economy. The UK started QE in 2009, and we are not doing too good either. http://www.globalresearch.ca/if-quantitative-easing-works-why-has-it-failed-to-kick-start-inflation/5422664 Link to comment Share on other sites More sharing options...
LeMaquis Posted August 10, 2016 Share Posted August 10, 2016 It was nothing to do with interest rates. It was caused by printing money, which Q E is. Quantitative Easing does not involve printing money. It involves central banks buying government and corporate bonds in order to make more money available in the financial sector. This leads to lower interest rates at which more businesses and individuals will borrow money and stimulate economic activity. It's a stimulus measure using credit not printing machines. We have had QE since 2008. Inflation has not rocketed to Weimar levels since then. ---------- Post added 10-08-2016 at 17:58 ---------- Er, no. What that said was Astonishing- and praiseworthy- that nobody died in it. Not a 'Towering Inferno', not a 'Twin Towers'. Well done, the building's designers and the hotel staff. So your comment's incorrect, you see. Comments of yours subsequent to the one you quote include; And yet its occupants survived- so the fire's spread is hardly that significant in comparison. Largely, yes. People are worth more than buildings. In both you're stating the fire was insignificant. It was a big fire. Link to comment Share on other sites More sharing options...
mossdog Posted August 10, 2016 Share Posted August 10, 2016 Quantitative Easing does not involve printing money. It involves central banks buying government and corporate bonds in order to make more money available in the financial sector. This leads to lower interest rates at which more businesses and individuals will borrow money and stimulate economic activity. It's a stimulus measure using credit not printing machines. We have had QE since 2008. Inflation has not rocketed to Weimar levels since then. ---------- Post added 10-08-2016 at 17:58 ---------- Comments of yours subsequent to the one you quote include; In both you're stating the fire was insignificant. It was a big fire. .........."Quantitative Easing does not involve printing money. It involves central banks buying government and corporate bonds in order to make more money available in the financial sector. This leads to lower interest rates at which more businesses and individuals will borrow money and stimulate economic activity. It's a stimulus measure using credit not printing machines". ........otherwise known as a Ponzi scheme! Link to comment Share on other sites More sharing options...
Santo Posted August 10, 2016 Share Posted August 10, 2016 ........otherwise known as a Ponzi scheme! Not really. Link to comment Share on other sites More sharing options...
tzijlstra Posted August 10, 2016 Share Posted August 10, 2016 Nearly a decade after Japan’s central bank first experimented with quantitative easing, the country remains mired in deflation, a general decline in wages and prices that has crippled its economy. The UK started QE in 2009, and we are not doing too good either. http://www.globalresearch.ca/if-quantitative-easing-works-why-has-it-failed-to-kick-start-inflation/5422664 Yes I am aware. Are you aware of what the alternative is/was? Japan stood to lose an awful lot more, the deflation was mainly set on by a chronic labour shortage and a reluctance to recruit overseas. The UK has a chronic labour shortage in certain areas. Pretty sure we are headed the same way, it has been coming for a long time, immigration was the one thing keeping it from happening. Link to comment Share on other sites More sharing options...
mafya Posted August 10, 2016 Share Posted August 10, 2016 Yes I am aware. Are you aware of what the alternative is/was? Japan stood to lose an awful lot more, the deflation was mainly set on by a chronic labour shortage and a reluctance to recruit overseas. The UK has a chronic labour shortage in certain areas. Pretty sure we are headed the same way, it has been coming for a long time, immigration was the one thing keeping it from happening. My bold= We have enough unemployed non immigrants to take up the vacancies or lose their benefits... Link to comment Share on other sites More sharing options...
truman Posted August 10, 2016 Share Posted August 10, 2016 [/b] My bold= We have enough unemployed non immigrants to take up the vacancies or lose their benefits... There's about 1.5 million unemployed but over 3 million migrant workers ...bit of a gap there... Link to comment Share on other sites More sharing options...
El Cid Posted August 10, 2016 Share Posted August 10, 2016 Yes I am aware. Are you aware of what the alternative is/was? Japan stood to lose an awful lot more, the deflation was mainly set on by a chronic labour shortage and a reluctance to recruit overseas. The UK has a chronic labour shortage in certain areas. Pretty sure we are headed the same way, it has been coming for a long time, immigration was the one thing keeping it from happening. The housing shortage has pushed up house prices, has the labour shortage pushed up wages? Or maybe there isnt a labour shortage? Link to comment Share on other sites More sharing options...
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