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Showing posts with label QE. Show all posts
Showing posts with label QE. Show all posts

Monday, 20 June 2011

'Just two weeks before QE2 ends, Russia becomes third major country to announce it will dump U.S. Treasury holdings'

Hot Air have the worrying story, sourced from Zero hedge:
'Just in time for the end of QE2, when the US needs every possible foreign buyer of US debt to step up to the plate, we get confirmation that yet another major foreign central bank has decided to not only not add to its US debt holdings, but to actively sell US Treasurys… The WSJ reports that “Russia will likely continue lowering its U.S. debt holdings as Washington struggles to contain a budget deficit and bolster a tepid economic recovery…”'

Tuesday, 17 May 2011

Inflation

I see that official UK inflation (CPI) has reached 4.5%, at this rate money halves in value every 13 years. In May 2010 Mervyn King said in his letter to George Osborne that CPI would hit 1.7% this year.
Will Mervyn King be asked why he was so far out with his 2010 projection?

Will Mervyn King be asked why any of his subsequent projections should be trusted?

Will anyone ask if this high inflation rate might just possibly be the result of the Quantatative Easing policy of the last Labour government?

Will anyone ask a politician or central banker if inflation is deliberately being allowed to rise so as to reduce the level of UK government debt?

Will anyone ask, if the above is the case, what the UK population should do to protect themselves other than buy gold or other non monetary linked assets?