France's triumphant 'Joan of Arc' vows to bring back franc

PS_RalphW · Post by **PS_RalphW** » 04 Jul 2013, 15:25

He has hinted that QE will continue and the pound has fallen 1.5% on the news.

So no end to the bubble just yet.

acman · Post by **acman** » 04 Jul 2013, 15:35

Suppose he has to continue QE, or the lights go out quicker than expected, can't help wondering, all this money printing, it's global now, where does it all go?, will I/us ever see any of it?, will it be eventually have to be written off, again globally.
Wonder if Carney will suggest a devaluation?, that would make petrol prices 'interesting',

JohnB · Post by **JohnB** » 04 Jul 2013, 16:38

acman wrote:Our local radio, on the news, has said the 'Halifax' has just said that property prices have risen at their fastest for the last 3 years, still wonder why the 'media' think it's news worthy to tell us this, funny thing is they never mention that oil prices are at their highest for 14 month, maybe having to inform us that fuel prices will probably rise too, might not sound great.

Because "property" price rises are good news, and oil price rises aren't. The opposite of what good and bad news in the real world would be!

Post by **kenneal - lagger** » 05 Jul 2013, 03:09

acman wrote:....can't help wondering, all this money printing, it's global now, where does it all go?,

Into the world's Stock Markets, commodity markets and other financial rubbish.

will I/us ever see any of it?, will it be eventually have to be written off, again globally.

I doubt it but it would be nice for us all as well as the nation if the government paid for a National Insulation Scheme with QE.

Wonder if Carney will suggest a devaluation?, that would make petrol prices 'interesting',

Inflation, caused by QE, is effectively a devaluation of the pound in your pocket.

Little John · Post by **Little John** » 05 Jul 2013, 09:17

So, they've turned round to the markets and told them not worry, interest rates are not going up; guaranteed.

So what happens if our borrowing costs rise to unsustainable levels? Won't that mean we would be forced to raise interest rates to attract foreign money?

acman · Post by **acman** » 05 Jul 2013, 09:47

Thanks for all the answers, I suppose I knew them really, but it just confirms it, Steve as usual making a very relevant point, I thought our borrowing costs has risen recently? Maybe wrong on this, but I'm sure I read that the current administration had actually borrowed more than the last Labour one, if so, that's some achievement.