Tweet
I no links, but talk round the camp fire is that the BOE will tomorrow:-
Cut Rates
Give banks negative rates
Begin a massive new "QE" run.
Mike
Cut Rates
Give banks negative rates
Begin a massive new "QE" run.
Mike
-
-
Re: Bank of England
only 40% ?A 40pc chance of a rate cut? Really?
By Edmund Conway Economics Last updated: September 9th, 2009
2 Comments Comment on this article
About a month ago, in a throw-away comment at an economic conference, Charles Goodhart, a former member of the Bank of England’s Monetary Policy Committee unwittingly caused a stir in the money markets. As I wrote at the time, he raised the idea of the Bank imposing a negative interest rate, in other words charging a fee, on the cash Britain’s leading banks keep in store at the BoE itself.
The idea has snowballed, to the extent that in the run up to tomorrow’s MPC meeting, the odds on the Bank cutting its rate are, according to market participants, about 40pc. So might tomorrow mark the onset of negative interest rates for the first time in the UK? I am sceptical.
...
http://blogs.telegraph.co.uk/finance...te-cut-really/ -
Re: Bank of England
Maybe they meant to say "chance of 40% rate cut"?Originally posted by D-Mack View Post
Every interest bearing loan is mathematically impossible to pay back.Comment
-
Re: Bank of England
Then why... is gold getting KILLED?!
Under $990, £600 now.
Seriously, if I could substantiate that rumour, I'd take a bigger position.It's Economics vs Thermodynamics. Thermodynamics wins.Comment
-
Re: Bank of England
Originally posted by *T* View Post
China asleep?
China has issued what amounts to the “Beijing Put” on gold. You can make a lot of money, but you really can’t lose.
..
“Gold is definitely an alternative, but when we buy, the price goes up. We have to do it carefully so as not stimulate the market,” he said.
In other words, China is buying the dips, and will continue to do so as a systematic policy. His comment captures exactly what observation of gold price action suggests is happening. Every time it looks as if the bullion market is going to buckle, some big force steps in from the unknown.
..http://blogs.telegraph.co.uk/finance...price-of-gold/Comment
-
Re: Bank of England
Originally posted by *T* View Post
A 1% drop is getting killed? We're using that word too much around here.
To answer the question: its all 100% lies. Its like The Matrix, a false world is presented to you only real enough to keep you beleiving it. You're sole purpose is to generate trading revenues for our machine overlords.
Comment
Comment