Loans and Finance

Loans and Finance


News and information about loans, money, debt, finance and business issues.
Powered by

Wednesday, January 21, 2009

King Paves The Way For Quantitative Easing

Mervyn King, Governor of The Bank of England, paved the way for quantitative easing (printing money), or as he put it "unconventional measures", in order to lessen the effects of the recession.

When all else fails, throwing shitpot loads of money at the problem may in the short term alleviate some of the distress.

The irony of this "solution" is that the state is in effect borrowing to get itself out of the problems caused by excess debt, which is exactly how we got here in the first place.

Our economic future has now been mortgaged for decades to come.

1 comment:

  1. Anonymous9:29 PM

    Bailouts and tangible stimulus schemes may also help some, and the post-mortems on the economic conditions and decisions would continue for several decades. Is time to find viable solutions? However, businesses and banks still need bespoke turnaround survival strategies to reduce losses, improve organic and inorganic efficiency, increase revenue, gain sustainable competitive advantage, improve strategic positions, and outperform market competition. The results add real business values; create new business opportunities and jobs for investors who target niche, captive markets where consumer demand still continues to grow in double-digits annually to 2030.