Detlev Schlichter: There will be no end to ‘quantitative easing’

You need even more paper money, said the Bank of England, until you're drowning in the stuff

Read it and weep.

No favourite quote, this time, just the first paragraph, as it’s all happening right now:

“The Bank of England is expected today to announce another round of debt monetization, called ‘quantitative easing’. A majority of economists polled by Dow Jones Newswire earlier this week expect the central bank’s policy committee to agree “to £50 billion ($79 billion) of additional bond purchases using freshly created money to underpin demand and ensure its 2% inflation target is met. Some expect it to go for £75 billion.””

Read the rest.

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About Andy Duncan

An Austrian Internet Vigilante trying to live Outside the Asylum
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One Response to Detlev Schlichter: There will be no end to ‘quantitative easing’

  1. Pingback: The Daily Climb-Friday, Feb. 10th, 2012 | The Daily Climb-Daily Posting Of Relevant Content

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