Originally Posted by
TACQANAVIAVEC
" The old risk associated to printing money vs higher inflation is also obsolete"
Utter nonsense {...}
There was plenty of other nonsense in that post...
Originally Posted by
TACQANAVIAVEC
{...}
QE is like the doctors prescribing him/her an unhealthy diet in an attempt to get him back to his old weight. We are in this generations defining moment.
And that is exactly what they did again. QE for infinity and beyond!
{TLTR}
~2 trillions(!) in the US alone so far. This time they called it "unlimited" support (like there is such thing in a finite world). Together this with the zero (negative in real term) interest rates they wont even hide their intent any longer. And yes doing this simply to prop up (back to where it was ASAP or to even bigger) asset bubbles. (Privatize profits, share the losses)
Just look at the (dead-cat I suspect) "bounce" of D/J (and every stock exchanges) yesterday and today. Of course it is clearly based on "fundamentals". "Wall street posts best performance in almost 90 years" headlines all over. Despite the fact, that countries/economies around the world are in a deeper ****e then they were a day before, W/S's grown about 20% in a day. Now that is a successful day in the office. They haven't even closed the bailout deal in congress, yet stock/company "valuations" increased by billions of USD. In such a mad world anything can happen with one exception: "
We will not waver; we will not tire; we will not falter, and we will not fail" ("we" doesn't stand for general public in case you wondered).
{EOF TLTR}
I have read that the UK gov isn't going to bailout airlines, but I guess then it is exactly what they are planing to do, just waiting until they can fleece the retail investors a bit more first. Spread more fear amongst the public, to be ready to change those pesky employee T&C's for the benefit of the owners without any resistance. Then share the losses with the plebs of course, "for the children".
And the peasants rejoice.