Member Info for Enigmatic1

Now ur just being silly I'll leave you to continue with conversation with CYL.

Wrong again... be careful or this will become a habit. You saying "what gov does with printed money is a diffferent discussion" shows your ignorance I'm afraid as if they don't buy bonds or other assets then it's not QE duh and that is what I've attempted, and failed alas, to educate you on. Quantitative easing (QE) is a monetary policy in which a central bank creates new electronic money in order to buy government bonds or other financial assets to stimulate the economy.

Read my original post again only slower this time: "Badger there is a world of difference between QE and JUST printing money".

They printed money BUT they used that cash to buy assets - I didn't think you would understand it and sadly you've proved me correct. It was all about controlling money supply and interest rates. Once commercial banks start lending again they will do the exact opposite and sell the bonds they bought to take money out of the system. It really is not that difficult to understand well not if you have an IQ above that of ur average Norfolk Turkey. By the way did you vote for Christmas this year ?

Badger you have to be joking right or did you can that qualification from a Nigerian university ! QE 101 (warning to CYL do not try and follow this as your brain is liable to spontaneously combust). QE is a mechanism deployed by central banks to balance the money supply in an economy once traditional monetary policy techniques have been exhausted. During the recession commercial banks significantly reduced the availability of credit (shrank their balance sheets) which ordinarily would have led to a deep recession. To counter this the US & UK central banks printed money to buy PRIVATELY held government bonds thereby attempting to balance the overall money supply in the economy with the and added benefit of lowering interest rates. Printing money just leads to hyper inflation. Given that QE started back in 2008/09 and there has been negligible inflation over the past decade if has been a clear success and NOTHING like just printing money.

Badger there is a world of difference between QE and just printing money. What do they say...... a little knowledge is a dangerous thing !

Oh and to answer your final point "Why we don't go down on our knees and thank parents for paying for their children's education after they've already paid the most in taxes towards state education of other people's children, I really don't know" ! It's simple..... people are jealous / resentful of successful people. You only have to look at the reaction of FK this morning to see that. Very bitter, narrow minded folk I'm afraid.

JMR my daughter's education has cost me over £120k so far and will end up being about £200k. Personally I don't want tax relief as have more then enough cash to live comfortably. Would rather see than money re-invested as it's patently obvious from reading these boards that this country is suffering an intellectual timebomb. Only consolation is that Poland is also suffering the same malaise.

Fk didn't have you down as the jealous type.....stupid yes, jealous no. Anyway last time I could be bothered to check it was north of 2M. Investment Bankers love them or loathe them. Another day in the city to accumulate !!!!

Careful you might end up lipstick on your coffee cups !

Correct and based on their success at flow testing the other deeps........

Appears to be zero appetite whatsoever to buy right now. If bad news comes expect this to open 40% down