not suprising its false economy.
Markets boomed due to all the QE. Seems that all banks done invest it in bad investments.
Reading article today this has more sense. There bit off satire about the building a portal to moon but it jibe how the establishment got no clues.
http://www.guardian.co.uk/commentisf...ld-bridge-moon
Turner right in this article instead pumping the stocks the real problem is lack liquidity.
Quote:
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Turner is focusing on what is now a classic of British establishment snobbery. Giving money to ordinary people to spend is considered by the Treasury, the Bank of England and Westminster to be immoral. (When they did it in Sweden it led to a surge in employment.) Yet it is just fine to give similar sums to "respectable" bankers, pension fund managers, consultants, contractors.
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No money going into economy but there seems retoric reason for way country been put on life support. We just waisted our QE pumping the stocks. It was never reason why businesses was not investing lack funds. It was nothing out there to prove them they need to invest. Infact would like to see more pragmatic approach these businesses like increase wages. They wont they just look at there own business they dont care joe on minimum wage spends at beta down the road. That was the ultimate failure of coalition understanding of private industry thinking. Otherwise they thought they had some sort of agreement from captians of industry they met.
We could have funded building Power plants to give us less reliance on outsiders electricity supplies.
At some point coalition going to have use QE to stimulate the economy. That via infrastructure and possibly give it to people to spend. Osbourne and cameron got themselves into mess and more interested in there image than what to do.