RE: Re: UK financial sector.1 Jul 2020 15:15
"They have stimulated the markets but not the economy"
That's not strictly true snige, at least not today. It was certainly the case back in 2008 where all the QE was directed at the bank's and financial systems, whereas this time around it can be described as a CV-19 stimulus.
It's not even targeted at the financial system, in case you haven't noticed it's been targeted at businesses, individuals, payroll accounts in fact everything to keep people afloat. Now we know that's not going to last but with all these deferred payments such as mortgages VAT etc it's got to help.
Even Trump gave everyone $1200, some got less depending on their circumstances, that's straight into peeps bank accounts, probably already spent but adds to the economy.
This pandemic is a first in our lives, and the UK is not alone, every country is trying it's best but no-one knows the outcome yet.
Theosus, just how would you stimulate demand? You can't make people spend but you'll be amazed at their resilience in times of national emergency.
I see Starmer is calling for more furlough, it can't go on indefinitely doesn't he understand recession means job losses, you can't buck it. Everyone doesn't have a right to employment, in fact there's a lot make a living avoiding it.
His lot knows all about boom and bust.