16/08/2012

Don’t You Just Love How Sir Mervyn King Gets It Wrong All Of The Time

The weird world of central banking and Sir Mervyn straight in the middle of it all.
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Thomas Mathew writes from London about the knighthood of Sir Mervyn King and casts a tale about the bank of England's representatives walking around in white blankets shielded by what is actually going on. The topic of quantative easing is highlighted as the news reveals the difficulties of not printing new money. The euro-zone is printing new money in all different countries with different identities of the same currency. The Bank of England need to print more money just like Europe and the rest of the world. Sir Mervyn King is a born product of this and as Mathew points out the knighthood was given for the good work done in banking. With that in mind perhaps getting a job in banking is the best way forward especially if you want a Knighthood or if you want to understand the bank of England quantitative easing model.

TAGS: BANK OF ENGLAND, EUROZONE, MERVYN KING, QUANTITATIVE EASING

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