David
Miles is out of touch, not acceptable for a person in his position. He
recognises that high commodity prices is in part to the problems today
yet wants to ramp them again through QE? Sinking commodity prices will
deliver a boom, I suggest he gets some lessons from the Merkel team.
Does he not talk to Mervin....we've got a £100bln coming in business
loans.
FT Article: MPC member wants £50bn easing
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Monday, 25 June 2012
Monday, 18 June 2012
Response to: Growth demand splits Bank committee
Osbourne should now be working for Labour, for it is the same veiled policy that brought the banks down last time.Also the £100bln round 1 stimulus "tax payer backed", is similar policy to the Bush forced mortgage lending that created the problem. Although this time bankers can make their bonuses without loss to the bank, HA! Let's see how well they pick who they give the loans to, another if you can tie your shoe laces here's some money financial scandal in the making!
FT Article.
Thursday, 14 June 2012
Response To: Vickers says bank reforms are too soft
Stanford sentenced to 110 years in prison for running a Ponzi scheme. Chancellors who sign off on reforms, if watered down should be legally bound to the elements that have been watered down, if they become the cause of another financial bailout, the Chancellor should be personally liable. Only then will the correct and proper decisions be made. The casino on the back of savers is still in play. NOT ACCEPTABLE!
http://www.ft.com
Sunday, 10 June 2012
Response To: Banks to win ground on Vickers plan
DISGRACEFUL & CORRUPT: In effect the ground won is to allow RISKY derivatives to be funded on the back of retail deposits. Derivatives: The use of derivatives to mask credit risk from third parties while protecting derivative counter-parties contributed to the financial crisis of 2008 in the United States. In addition : Derivatives are used by investors for providing leverage (or gearing), such that a small movement in the underlying value can cause a large difference in the value of the derivative. This in effect means the ring fence (firewall) has been broken by a derivative (virus) and will put notable risk within the ring fence should the derivatives turn sour. Consider that USA mortgage backed securities where derivatives, would this not deliver a similar financial disaster? I'm afraid I don't trust this and conider this derivative allowance intolerable, if this goes ahead I recommend people gradually move their money away from UK banks.
Wednesday, 30 May 2012
Think stocks can’t rise 40% in 2012? Think again
My comments to this fruit cake Michael A. Gayed financial commentator: Original article on Marketwatch.
I remember reading your article about how people can cope with +$100 oil quite easily. How wrong you where. I stated that it will cause a recession and here it comes. To your current article, least path of resistance at the moment is down, due to so many reasons. Only more QE will change things but unfortunately that in itself is now self defeating and destructive to the wider economy, reflating assets removes disposable income. USA and many G7 countries thrive on disposable income. No QE now is good for the wider economy but not for stocks in the short term.
Thursday, 24 May 2012
Response to: Draghi calls on EU leaders for ‘brave leap’
I find several things laughable about this whole situation. 1. It's expected hard working Germany should agree to funding Greece's hairdressers who retired @50 etc., through bonds or interim solution. 2. Debt is going UP yet they need growth via I guess more debt. Maybe I'm not savvy, I thought debt on debt was bad, I perhaps should of been brought up irresponsibly and could understand this better. I know it good to leverage debt stimulating inflation, however it gives to one and takes from another, which in turn just becomes a quick less effective sugar rush over time. Until you become Japped out. 3. Spains so called collapsing real estate market, where's that then. I don't see particularly cheap property, I see the dreggs of property selling for way more than it should and Ok apartments still £70k+, not something I'd call cheap. Tell us another it keeps me amused......
Wednesday, 2 May 2012
Response to Mervin Kings Insights on BOE Economic Management
Response to BOE BBC Lecture: King admits failing to ‘shout’ about risk
I'm afraid this response isn't good enough. Considering laymen could see the risks with 100-110% mortgages I fail to see why the BOE did not see this as a risk. Never should more than 90% be loaned FULL STOP, otherwise it fosters perceived legalised ponzi schemes. We also had ridiculous American president backed policies to give out mortgages to people who could not afford them. Perception for this was global agreement to foster inflation in property for politicians to capitalise on through property flipping. Such is the corruption riddled in society through bonus culture in top to bottom of organisations (PPI and more(free temporary loans for banks / fixing he books), I fail to see how the BOE or anyone can fix this. You all seem to be in on the show, so the public awaits for the next perceived shafting of the tax payers. I also believe inflation control was and still is abysmal.
UPDATE: After my comments the BOE bows to pressure for probes.
UPDATE: After my comments the BOE bows to pressure for probes.
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