Lord Turner :"today in the UK a mere 15 per cent of total financial flows actually go into "investment projects"; the rest support existing corporate assets, real estate or unsecured personal finance to "facilitate life cycle consumption smoothing". Reported by CNBC.
The reason that Nixon abolished the gold standard was that nearly all gold in the US Treasury was reimbursed by other countries.
Reported by CNBC, Lord Turner, a former UK regulator, says that the west is hooked onto the QE drug.
A must-take freshmen course.
Only the believers of QE Infinity get the profit.
Taper? It is a joke !
This program is to stay for decades !
he met his end.
If it is too "close", WW III may start.
This is a good one ! France pushed the US to strike Libya. Who paid the bills of the US operations in Libya? Who reaped the most benefit? In the end, the US ambassador got killed. That is the paid back to the US.
In 1987, there was no PPT which was established right after the 1987 crash. In addition, Ben will print as much as possible to pluck any leaking holes. Perhaps, QE Infinity is fully in force.
I just got out of my short by biting the bullet.
this phony bull market !
pending on the future recovery conditions.
Is this right ?