The UK government is on course to sell more than half a trillion pounds of debt this year,
OK….
And £300 billion is covered by quantitative easing, so far announced for this year.
Right….
In other words, the government needs to issue this many bonds to soak up demand.
Eh?
That the BoE is having to invent money to buy the bonds shows us that this many bond must be issued to soak up demand?
You what?
Does he bang on about green new deal bonds again? I can’t be bothered to go to his site today
The UK government is on course to sell more than half a trillion pounds of debt this year,
And £300 billion is covered by quantitative easing, so far announced for this year.
In other words, the government needs to issue this many bonds to soak up demand.
Too many syllables and the wrong format for a nonsense haiku, but nonetheless that’s how I think of it.
Is there enough tax?
The fat man always wants more.
Fuck off, fat man. Please.
A flaccid fat man
Massive tax rises announced
Priapic fat man
Blotchy bouncy loser
Grant scrounging motormouth knucklehead
Fair Tax Mark my ass
The great Roger Mcgough
Out of work,
divorced,
usually pissed,
He aimed low in life
and missed
He has been brain farting more than the average bear today. And then he puts his tweets on his blog for the faithful to applaud dutifully. How many of them have real names that are not Murphy?