Farty's Fortunes

Thursday, 8 January 2009

None So Deaf

"Nobody is talking about printing money."
- Alistair Darling, Chancellor of the Exchequer.

"The Monetary Policy Committee will need to go the whole hog and cut rates to zero. And once it has done that, it will have to resort to other measures designed to boost the quantity of money in the economy"
- Roger Bootle, Deloitte.

"The only path left is for quantitative easing, where the Bank effectively prints money."
- Stephen Gifford, Grant Thornton.

"It seems ever more likely that the Bank of England will engage in some form of quantitative easing over the coming months."
- Howard Archer, IHS Global Insight.

"Listen carefully and you can almost hear the printing presses being cranked up."
- Stuart Porteous, RBS.

"The MPC will be tempted to follow the US Federal Reserve’s example and pursue quantitative easing.”
- Edward Menashy, Charles Stanley.

You couldn't make it up.


I've Been Mugged said...

Is it - You Raise Me Up by Mr. J Cash?

Whoops, wrong post.

Anna Russell said...

I love the label on this, cracked me up.
The great thing about having bugger all is that the credit crunch doesn't affect me.
They should put Jade Goody in charge. If anyone can make money out of a vapid void, it's her.

Anna xxx

Mr Farty said...

IBM - Ho ho ho!

Anna - Hey, don't knock the Goody! That's my job.

Vancouver realtor said...

When the Zimbabwe was (is) printing truckloads of money, we had looot of fun! "How they are stupid, haha, they think it'll work?"
No we call it quantitative easing and present it as some very special economic high-tech surgery...


Mr Farty said...

Jay - It's only a good idea if it works, innit?

I miss Vancouver, sigh...say hello to the island for me.