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?

7 thoughts on “Umm, what?”

  1. Dennis: Oppressor, Warmonger, Capitalist and Consumer of Petroleum Products

    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.

  2. Dennis, He Who Owns A Rhyming Dictionary

    Blotchy bouncy loser
    Grant scrounging motormouth knucklehead
    Fair Tax Mark my ass

  3. 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?

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