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DrConway
rabble-rouser
Member: 1490
Joined: May 6 2001
March 1, 2009 - 11:10am
#1

Bank of England to begin "Quantitative Easing"

One thing I'm particularly chuckling over is this:

Quote:
Gieve also said the Bank made mistakes by not paying enough attention to rapidly-growing bank lending and soaring property prices. “With hindsight we should have been more worried about the growth in credit and the rise in asset prices than we were,” he said. “You have to take asset prices and asset markets more seriously than we did.”

Well, blow me down with a feather. Really?

Too bad the dumb bastards had to watch the stock market get all the glitz while the real economy lagged, and then watched housing prices get completely out of control before they realized that consumer price inflation is probably a lot less harmful, economically, when taken in mild doses.

 


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World Financial Crisis Redux By: DrConway (104 replies) March 1, 2009 - 12:21am
  • theorangeliberal wrote:Thank By: M. Spector (Mar 4 2009 - 4:06pm)
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  • Re: World Financial Crisis Redux By: theorangeliberal (Mar 4 2009 - 2:27pm)
  • Re: World Financial Crisis Redux By: thorin_bane (Mar 4 2009 - 2:15pm)
  • While it's useful to go over By: N.Beltov (Mar 4 2009 - 11:58am)
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  • Re: World Financial Crisis Redux By: George Victor (Mar 3 2009 - 8:13pm)
  • Re: World Financial Crisis Redux By: Doug (Mar 3 2009 - 7:51pm)
  • Don't worry they tossed a 30 By: thorin_bane (Mar 3 2009 - 3:22pm)
  • Doug wrote: Good thing I'm By: KenS (Mar 3 2009 - 12:28pm)
  • Re: World Financial Crisis Redux By: josh (Mar 3 2009 - 11:52am)
  • The S & P 500 is below 700. By: NorthReport (Mar 3 2009 - 11:13am)
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  • George Victor wrote: At ll By: Doug (Mar 2 2009 - 3:45pm)
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  • Quote:The grand bargain By: DrConway (Mar 1 2009 - 7:01pm)
  • Quote:BRUSSELS (AFP) — By: Frustrated Mess (Mar 1 2009 - 6:12pm)
  • DrConway wrote: Land price By: Refuge (Mar 1 2009 - 6:04pm)
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  • I never moved in those By: George Victor (Mar 1 2009 - 1:04pm)
  • Bank of England to begin By: DrConway (Mar 1 2009 - 11:10am)
  •  I agree Dr. Conway.  That By: ElizaQ (Mar 1 2009 - 8:29am)
  • NorthReport wrote:If you are By: DrConway (Mar 1 2009 - 3:32am)
  • Re: World Financial Crisis Redux By: M. Spector (Mar 1 2009 - 1:11am)
  • Update: http://www.independe By: DrConway (Mar 1 2009 - 12:37am)