This is obviously a world wide issue but has monetary policy by the BoE contributed domestically?
I figured it would be a little while yet before anyone was dropping that particular word.
Honestly what else can the bank of England itself do. Raise interest rates. There’s a limit to how much they can do this.
I’m an engineer so not hugely into finance but have had conversations with friends who are into economics, finance and accounting. Some believe that the economy has grown to large and needs a reset, especially during to the exorbitant prices of the tech sector.
Don’t know if this is the solution but it looks like nobody does
But of a misleading headline… BBC getting more like the Express with these…
There’s a difference between the Bank of England Governor “apologising for sounding apocalyptic” and that the warning itself being “apocalyptic”.
Printing a ton of money, supply side shocks, Brexit, corporate greed by raising prices higher than inflation, massive spike in demand to give all this huge supply of cash warp 9 velocity, and soon be wage pull inflation on top. It isn’t going to be pretty…
BOE doesn’t take all of the blame, but like Alfred Eichmann, they played their malignant pen pushing role.
Sounds like a good time to introduce UBI.
By not tightening fiscal policy earlier central banks have exacerbated the inflation issue massively, reducing the chance of avoiding a market correction.
Focus on the magma chamber in Yellowstone. Concentrate. We can end it. We can end it for all time.
9 comments
This is obviously a world wide issue but has monetary policy by the BoE contributed domestically?
I figured it would be a little while yet before anyone was dropping that particular word.
Honestly what else can the bank of England itself do. Raise interest rates. There’s a limit to how much they can do this.
I’m an engineer so not hugely into finance but have had conversations with friends who are into economics, finance and accounting. Some believe that the economy has grown to large and needs a reset, especially during to the exorbitant prices of the tech sector.
Don’t know if this is the solution but it looks like nobody does
But of a misleading headline… BBC getting more like the Express with these…
There’s a difference between the Bank of England Governor “apologising for sounding apocalyptic” and that the warning itself being “apocalyptic”.
Printing a ton of money, supply side shocks, Brexit, corporate greed by raising prices higher than inflation, massive spike in demand to give all this huge supply of cash warp 9 velocity, and soon be wage pull inflation on top. It isn’t going to be pretty…
BOE doesn’t take all of the blame, but like Alfred Eichmann, they played their malignant pen pushing role.
Sounds like a good time to introduce UBI.
By not tightening fiscal policy earlier central banks have exacerbated the inflation issue massively, reducing the chance of avoiding a market correction.
Focus on the magma chamber in Yellowstone. Concentrate. We can end it. We can end it for all time.
“iTs a wOrKeRs mArKeT”
Join a union.