tag:blogger.com,1999:blog-2948538160252327076.post4432243782978930633..comments2023-11-02T15:48:50.381+00:00Comments on UK Bubble UK Economy: The bailout beginsAlice Cookhttp://www.blogger.com/profile/05753570123987780947noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-2948538160252327076.post-57308164512458806632008-03-26T17:10:00.000+00:002008-03-26T17:10:00.000+00:00His pension is worth more than that.His pension is worth more than that.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2948538160252327076.post-79845368580505505622008-03-26T16:39:00.000+00:002008-03-26T16:39:00.000+00:00The Owl King has spoken reassuringly to the financ...The Owl King has spoken reassuringly to the financial community (he wants to keep his £200,000 p.a. BoE pension). And we're off to the races once again, even if the horses all have three legs from now on. "When will they ever learn....when will they eeever learn..."Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2948538160252327076.post-66330039879582345352008-03-26T15:51:00.000+00:002008-03-26T15:51:00.000+00:00"Making the numbers work on Wall Street only appli..."Making the numbers work on Wall Street only applies to calculating bonuses and bail outs. <BR/><BR/>It is late 70’s bank bailout, late 80’s junk bond savings&loan bailout, Enron-off-the- books; WorldCom-four-sets-of-books; Adelphi-we-don’t-need-no-stinking-books; HealthCare South-Scrushy-it’s-what-jesus-would-do-defense and the only one that worked (the lord does work in mysterious ways) thefts, all over again."<BR/><BR/>Anonymous comment on the Wall Street Journal Website referring to the Federal Reserve's interest rate cuts of 2008Tubby Joneshttps://www.blogger.com/profile/16889116410382704395noreply@blogger.comtag:blogger.com,1999:blog-2948538160252327076.post-73118480631473775522008-03-26T15:42:00.000+00:002008-03-26T15:42:00.000+00:00Interesting poston case-shiller price falls in the...Interesting poston case-shiller price falls in the US:<BR/><BR/>http://optionarmageddon.blogspot.com/2008/03/more-nar-bs.html<BR/><BR/>The UK is next.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2948538160252327076.post-83091853860143445072008-03-26T15:40:00.000+00:002008-03-26T15:40:00.000+00:00LONDON (Reuters) - The credit crunch has entered a...LONDON (Reuters) - The credit crunch has entered a new and difficult phase but policymakers in Britain still have to balance slowing growth against rising inflation, Bank of England Governor Mervyn King said on Wednesday.<BR/><BR/>Sterling weakened after BoE Monetary Policy Committee members also highlighted downside risks to the pound, which has fallen about 10 percent on the year on a trade-weighted basis.<BR/><BR/>"The financial crisis has moved into a new and difficult phase. Across the world, confidence in financial markets is fragile," King said.<BR/><BR/>Fears have grown in recent weeks that the credit crisis is getting worse and could trigger a sharp downturn in economic growth across the globe.<BR/><BR/>But giving testimony to parliament's Treasury Committee, King said he expected UK inflation, already running above the central bank's 2 percent target, to rise even further and hit around 3 percent because of soaring utility bills.<BR/><BR/>King said it was important that higher inflation did not become entrenched and interest rate policy would have to reflect that risk as well as manage the slowing in the global economy.<BR/><BR/>"The MPC can have little effect on the short-term path of inflation," he said. "What is crucial is that the pick up proves to be temporary, just as the rise in inflation last year was."<BR/><BR/>A snap Reuters poll conducted last week found 22 of 56 economists expected the BoE to cut rates by a quarter point to 5 percent in April, while 34 said it will likely wait until May.<BR/><BR/>King said the BoE stood ready to provide liquidity to financial markets as needed and was working with the commercial banks to seek a resolution to the crisis.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2948538160252327076.post-61075702519706673862008-03-26T15:32:00.000+00:002008-03-26T15:32:00.000+00:00So I should hold off on that two bedroom BTL purch...So I should hold off on that two bedroom BTL purchase until 2010?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2948538160252327076.post-11091416393809492062008-03-26T15:31:00.000+00:002008-03-26T15:31:00.000+00:00The MSM have misunderstood this crisis. It is not...The MSM have misunderstood this crisis. It is not about liquidity or a shortage of cash, it is about a banking system full of bad debts.<BR/><BR/>This is why a bailout is coming and we will end up paying for it for years.<BR/><BR/>RoyAnonymousnoreply@blogger.com