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Full Steam Ahead Towards The Iceberg Of Depression *Update*

Monday, January 25th, 2010

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Originally Posted 17th December 2008
Quick update following the release of the minutes of the MPC meeting:
This update is about why the Bank of England only went to 1% when they clearly should have done more.
The following excerpt is taken from their minutes:

Some Thoughts on the Economy

Monday, January 25th, 2010

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Originally Posted 16th December 2008
Here are a few thoughts I have at the moment. They don’t really offer any conclusions, just hopefully raise some awareness of what’s going on.
What Will The Policy Makers Offer Next?
We are entering an undiscovered world at the moment where the economical theorists have only ever ventured before from the safety [...]

Full Steam Ahead Towards The Iceberg Of Depression

Monday, January 25th, 2010

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Originally Posted 12th December 2008
This week we saw the Bank of England reduce their base rate by a further 1%. My first word on hearing the policy makers decision on Thursday was F**k! Though not for the reason you’ll be thinking but because I was very disappointed. I’m wearing two hats here really. I was [...]

Why Cooking The Books Isn’t Going To Work This Time

Monday, January 25th, 2010

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Originally Posted 19th November 2008
My long time readers will know that I have been saying to watch the Libor rates and the unemployment figures for a sign as to what is going to happen next. People have said to me, ‘but there’s no problem with unemployment.’ I said, ‘there isn’t now, but there will be.’

The Bank of England’s Latest Work of Fiction

Monday, January 25th, 2010

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Originally Posted 12th November 2008
I’m talking about their inflation report.
Here are the notes I made while reading through – it should be noted at this stage that I got so fed up reading this report that I had to go away, have a drink and come back to it. This has been added in the [...]

If Someone Gets It Consistently Wrong Then Why Do We Continue To Accept Them?

Monday, January 25th, 2010

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Originally Posted 28th October 2008
The Bank Of England and Mervyn King have been consistently getting it wrong for ages and as my regular readers know I’ve been saying this and questioning the value of their inflation targeting and furthermore their ability to predict the future. Also I occasionally write stake in the ground articles so [...]

The 2nd Biggest Money Making Scheme in History is Taking Place and We Have to Be Grateful for It

Monday, January 25th, 2010

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Originally Posted 16th October 2008
Firstly I’m going to explain something I’ve said before but has relevance to the article.
People say to me, ‘How am I going to pay off the mortgage (debt) on my own home? I can understand keeping mortgages on my investment property but with interest only I’ll never clear the debt on [...]

Interest Rates Are They Coming Down?

Monday, January 25th, 2010

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Originally Posted 18th September 2008
A few months ago when the inflationary pressures looked to be at their worst and the world seemed to think that the prices were only heading one way, I said that oil prices and commodities in general would fall sharply. I think oil was at $145 and still heading up at [...]

My Opinion On The Bank Of England’s Inflation Report

Saturday, January 23rd, 2010

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Originally Posted 14th August 2008
As Mervyn King said, “The British economy is going through a difficult and painful adjustment, and we’re going to do f**k all to help!”
Well, he actually said the first part of that in reality, the second part was added by me as I felt that this is basically what he said [...]

Will they raise the base rate? Part 2

Saturday, January 23rd, 2010

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Originally posted 3rd July 2008
These people know what they are doing so if you are going to America shortly then I would change your money before Thursday at 12.00pm as it stands at $2.015 for just £1. Me, if I was a betting man would be looking at putting a short in place on the [...]

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