August 8th, 2011

Nouriel Roubini tells the FT…

“Until last year policymakers could always produce a new rabbit from their hat to trigger asset reflation and economic recovery. Zero policy rates, QE1, QE2, credit easing, fiscal stimulus, ring-fencing, liquidity provision to the tune of trillions of dollars and bailing out banks and financial institutions – all have been tried. But now we have run out of rabbits to reveal.”


10 Comments

  1. 1
    Up sh1t creek says:

    Quantitative Easing is not a “rabbit from a hat”, it’s just stealing from savers to put off the inevitable – that feckless borrowers, including the government, must be made to pay for their mistakes.

    Savers normally spend in a downturn, keeping the economy ticking over. Savers cash being stolen by REAL inflation, money printing, and trashing of the UK Pound to save borrowers….. why the hell would they go spending. Answer is, they are not.

    People like the Bank of England are practising financial terrorism on savers.

    Like

  2. 2
    Billy Bowden is the greatest umpire ever ! says:

    So are we fucked then?

    Like

  3. 3
    Throg_Lodge says:

    Proper fucked.

    Like

  4. 4
    Anonymous says:

    properly ass-invaded.

    Like

  5. 5
    Sleepless in Kirkaldy says:

    Never underestimate the ability of politicians to come up with ideas that sound good while actually achieve nothing. It is a consequence of the 24hour news cycle that they have to be seen to be doing something

    Like

  6. 6
    Tacitus says:

    Out of rabbits?
    Bring on the donkeys.
    Oh! They are already out
    Lets get some lions to sort it out.

    Like

  7. 7
    Bobby Mugabe says:

    I specialise in inflation….you honkies ain’t seen nothin’ yet

    Like

  8. 8
  9. 10
    andrew says:

    well if roubini said it… that is the same guy zero hedge calls “the man who predicted 10 of the last two crashes”

    Like


Seen Elsewhere

Boris is Right About Grammar Schools | Conservative Women
‘Obsolete’ Cable | Speccie
Why are Tories so Upbeat? | Alex Wickham
Clear Public Interest in Newmark Sting | Mirror
Boris Invites Farage to Join Tories | Guardian
RAF Too Run Down to Fight Islamic State | Con Coughlin
Osborne’s Personal Cuts Regime | Quentin Letts
Whoever Wins is Cursed | Janan Ganesh
Dave Will Never Be Forgiven if Ed Becomes PM | Trevor Kavanagh
What is Dave’s Big Message? | Tim Montgomerie
Voting UKIP Only Helps Ed | Boris


VOTER-RECALL
Find out more about PLMR


Mark Reckless told UKIP…

“We are more than a star on someone else’s flag.”



cynic says:

Can anyone help me? I went on holiday a week ago and returned to find someone has pulled out the stake and Gordon Brown is back and acting as Prime Minister. What did I miss? Has there been a snap election?


Tip off Guido
Web Guido's Archives

Subscribe me to:






RSS




AddThis Feed Button
Archive


Labels
Guido Reads
Follow

Get every new post delivered to your Inbox.

Join 1,477 other followers