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Message: International quantative easing

International quantative easing

posted on Mar 05, 2009 11:33AM

is the way we are all going. The bank of England cut interest rates today to 0.5%, and announced they will inject £70 billion into the economy via the printing press/aka quantative easing. They also announced that although this hasn't been done in the UK before, the US already has recently, and there's a historical precident. Also...a number of other countries are all going to be following suit. Thus inflation is on the cards on an international basis, and watch the G'20'.





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