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

What We Learned From the Referendum | FT
Scottish Crisis Moves South | Nick Wood
English Democrats Accidentally Celebrate Yes Victory | Pink News
Union In Its Current Form is Dead | Janan Ganesh
Labour Could Be Split in Two | Sun
Ashcroft Poll: Why Scotland Voted No | Buzzfeed
Boris: Change Barnett Formula | Sun
Cameron is Back | Dan Hodges
What Happens Now | James Kirkup
Cairo of the North | Quentin Letts
Labour are the Biggest Losers | Phil Collins


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