Thursday, October 20, 2011

Britain's Central Bank Panics

Britain's central bankers want to liquidate their currency some more. It is like spraying more water on the rigging of a ship in the North Sea, adding to the ice already at dangerous levels, but calling it flotation and forgetting the possibility of roll-over.
Panic stations: Bank's unanimous vote on QE bodes ill - Telegraph: www.telegraph.co.uk/finance/economics/8368557/Pani....html
http://chumly.com/n/d265f3

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