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.”
If Dave Were President He’d Have Resigned By Now | Alex Wickham
Loongate: What Happened in the Blue Boar Bar | Simon Walters
Lib Dems Should Support EU Referendum | LibDemVoice
Feldman’s Denial | Fraser Nelson
Obama’s Presidency is Imploding | Nile Gardiner
Miliband Could Be a Great PM | Thomas Pascoe
What Are You Really Paying in Income Tax? | TPA
Galloway’s Mad Month | The Commentator
Murdoch: Facebook is the New MySpace | Telegraph
Clegg’s Manifesto Referendum Pledge Spin Unravels | ConHome
Coalition Here to Stay | Ben Brogan
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Tom Harris bemoans the public’s attitude to politicians…
“Mr Oborne echoes the lazy, anti-politics whine we hear so often these days, all based on the absurd notion that politicians were once loved and only fell out of public favour during the expenses scandal. He should take a walk to the Strangers’ Bar. But not to sup with the patrons he seems to despise so much, dearie me, no; he should instead look at the paintings on the corridor outside the bar, which depict the devastating fire which consumed most of the Palace in 1834. And he should reflect on the fact that on that dramatic night, as the Commons went up in flames, a crowd gathered on the South Bank to clap and cheer.”
The thing that Dave needs to work out is which group is more likely to vote Conservative. Mad swivel-eyed loons or mad homosexuals wishing to get married.
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.
So are we fucked then?
Proper fucked.
Yes, senseless.
properly ass-invaded.
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
Out of rabbits?
Bring on the donkeys.
Oh! They are already out
Lets get some lions to sort it out.
I specialise in inflation….you honkies ain’t seen nothin’ yet
Here’s one of the brighter looters:
http://www.dailymail.co.uk/news/article-2023667/London-riots-Looter-posts-photo-booty-online.html
well if roubini said it… that is the same guy zero hedge calls “the man who predicted 10 of the last two crashes”