Bank of England advisor: 'We've intentionally blown the biggest government bond bubble in history' | |
Anonymous Coward (OP) User ID: 41629533 Portugal 06/13/2013 09:27 AM Report Abusive Post Report Copyright Violation | Re: Bank of England advisor: 'We've intentionally blown the biggest government bond bubble in history' A key Bank of England policymaker has warned of the risks to global financial stability when "the biggest bond bubble in history" bursts. In a wide-ranging testimony to MPs, Andy Haldane, Bank of England director of financial stability, admitted the central bank's new financial policy committee is taking too long to force banks to hold more capital and appeared to criticise the bank's culture under outgoing governor Sir Mervyn King.Haldane told the Treasury select committee that the bursting of the bond bubble – created by central banks forcing down bond yields by pumping electronic money into the economy – was a risk "I feel acutely right now". He also said banks have now put the threat of cyber attacks on the top of their the worry-list, replacing the long-running eurozone crisis. "You can see why the financial sector would be a particularly good target for someone wanting to wreak havoc through the cyber route," Haldane said. But he described bond markets as the main risk to financial stability. "If I were to single out what for me would be biggest risk to global financial stability right now it would be a disorderly reversion in the yields of government bonds globally." he said. There had been "shades of that" in recent weeks as government bond yields have edged higher amid talk that central banks, particularly the US Federal Reserve, will start to reduce its stimulus. ... [link to www.businessinsider.com] |
Anonymous Coward (OP) User ID: 41629533 Portugal 06/13/2013 09:47 AM Report Abusive Post Report Copyright Violation | |
Phennommennonn Forum Administrator 06/13/2013 09:58 AM Report Abusive Post Report Copyright Violation | Re: Bank of England advisor: 'We've intentionally blown the biggest government bond bubble in history' like dangling a carrot in front of the horse political correctness is a doctrine.... fostered by a delusional, illogical minority...... and rabidly promoted by an unscrupulous mainstream media; which holds forth the proposition that it is entirely possible to pick up a turd by the clean end. |
RtrnofAmJedi User ID: 39594161 United States 06/13/2013 10:02 AM Report Abusive Post Report Copyright Violation | Re: Bank of England advisor: 'We've intentionally blown the biggest government bond bubble in history' I was thinking dancing fucking monkey! (GLP aka American Jedi) Listen here you beautiful bitch, I'm about to fuck you up with some truth. Kenny Powers If you steal the dreams of others long enough, sooner or later you'll end up in a nightmare. American Jedi Intellectuals solve problems, geniuses prevent them. Albert Einstein Satis Eloquentiae, Sapientiae Parum.... "The last of the old?" "No, the first of the new." |
DoomBert User ID: 41617561 United States 06/13/2013 10:06 AM Report Abusive Post Report Copyright Violation | |
Phennommennonn Forum Administrator 06/13/2013 10:11 AM Report Abusive Post Report Copyright Violation | Re: Bank of England advisor: 'We've intentionally blown the biggest government bond bubble in history' :mcfly7: political correctness is a doctrine.... fostered by a delusional, illogical minority...... and rabidly promoted by an unscrupulous mainstream media; which holds forth the proposition that it is entirely possible to pick up a turd by the clean end. |
Saddletramp User ID: 739427 Puerto Rico 06/13/2013 10:11 AM Report Abusive Post Report Copyright Violation | Re: Bank of England advisor: 'We've intentionally blown the biggest government bond bubble in history' The credit markets have been making very strange moves lately, volatility in a market that hates volatility. I think it's people re-allocating their portfolio's to adjust their strategy for the next phase... Because when the bond market goes, the derivative market goes, and that's when the fireworks will really begin. "And how can a man die better than facing fearful odds, for the ashes of his fathers, and the temples of his Gods..." ~ Horatius "Because he told the truth, and once you've heard the truth, everything else is just cheap whiskey..." "We don't rent pigs!" |
Anonymous Coward User ID: 40661837 United Kingdom 06/13/2013 10:15 AM Report Abusive Post Report Copyright Violation | Re: Bank of England advisor: 'We've intentionally blown the biggest government bond bubble in history' Soooo - just how are they going to marry this with their 'price stability' mandate... oh, that's right - THEY CAN'T.... fuckers |
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Anonymous Coward User ID: 33825975 United States 06/13/2013 02:46 PM Report Abusive Post Report Copyright Violation | Re: Bank of England advisor: 'We've intentionally blown the biggest government bond bubble in history' This is like how they sold most of their gold cheap. The Treasury achieved an average price of just $275.60 an ounce for 395 tonnes of gold between 1999 and 2002. Brown defied Bank of England warning over his £6bn gold giveaway. [link to www.dailymail.co.uk] Is this Payback? |
Anonymous Coward User ID: 33598366 United States 06/13/2013 03:06 PM Report Abusive Post Report Copyright Violation | Re: Bank of England advisor: 'We've intentionally blown the biggest government bond bubble in history' Great question. it 'blew up' LIBOR scandal, and next layer of the onion is here: [link to rt.com] (Please watch the very explanatory video!) And by "following the money", it will lead to the Bank of England (of Rothchild) and the Vatican bank... |
alexisj9 User ID: 1376880 United Kingdom 06/13/2013 03:09 PM Report Abusive Post Report Copyright Violation | Re: Bank of England advisor: 'We've intentionally blown the biggest government bond bubble in history' This is like how they sold most of their gold cheap. Quoting: Anonymous Coward 33825975 The Treasury achieved an average price of just $275.60 an ounce for 395 tonnes of gold between 1999 and 2002. Brown defied Bank of England warning over his £6bn gold giveaway. [link to www.dailymail.co.uk] Is this Payback? As the word "intentionally" is used, quite possibly. When I first read this I was wondering why they would intentionally do this, this sounds like at least one reason. I'm wondering if there are also others. |
THE WORDSMITH User ID: 37584498 United States 06/13/2013 03:25 PM Report Abusive Post Report Copyright Violation | Re: Bank of England advisor: 'We've intentionally blown the biggest government bond bubble in history' Let's see... 1. Most every nation works via debt monetary policies. 2. Thus... everything is debt. 3. Thus bonds are debt promising to pay debt. I dunno... i think this is so simple a 5th grader can get it... Last Edited by The Wordsmith on 06/13/2013 03:26 PM |
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