Wednesday, February 24, 2010

More money printing in the UK a virtual certainty

In central banker parlance, "quantitative easing" means printing more currency in an attempt to stimulate a moribund economy. As many of us predicted, rhetoric of "exit strategies" on stimulus programs are shallow. Expect the US to continue their printing presses as well.

http://www.nytimes.com/reuters/2010/02/23/business/business-uk-britain-bank-qe.html?_r=2

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