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Old 19-02-2013, 17:39   #6
mertle
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Join Date: Feb 2004
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Re: Sterling At Risk Of “Large-Scale Devaluation”

Quote:
Originally Posted by Chris View Post
In other news ... Bears prefer arboreal cover whilst defecating and the Pope's a Catholic, even if he's not the Pope any more ...

I'm not sure what else anybody thought was going to happen with the Bank of England printing money left, right and centre. They can call it quantitative easing or anything else they like, the fact is they have diluted everybody's share in GB PLC. When you dilute your shares, your share price falls.
understand this but for all this QE where this 380bn gone. UK not seen penny of it used wisely to stimulate. Worried all banks done used it in sub prime real estate which cause another crash like USA 2008. Osbourne was fool to trust them.

How damaging will this get though thats the worry.
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