Richard Murphy says:
April 4 2021 at 9:41 am
This was your last commentNo argument – just drivel. And factual error which shows you are the one with no knowledge
We’re getting to the point that reality won;t be allowed to comment there either…..
Richard Murphy says:
April 4 2021 at 9:41 am
This was your last commentNo argument – just drivel. And factual error which shows you are the one with no knowledge
We’re getting to the point that reality won;t be allowed to comment there either…..
He follows that with
I don’t recall that happening but I can’t be bothered to investigate further. Can anyone enlighten me? Surely the Spud can’t have got something right
Well, Gilts yields did sell off for a couple of days back to Dec19 levels, but swiftly recovered and rallied back down to the lows. 2 weeks before the BoE March meeting that announced more QE.
And there was no bank liquidity crisis.
Someone who actually knows what they’re talking about on it:
https://www.piie.com/system/files/documents/kashyap20200707ppt.pdf
Essentially, lockdown caused worries, repo got expensive quickly, so, BoE issued more QE gilts. You know, standard open market operations……
He is at least consistently obnoxious.
We’re getting to the point that reality won’t be allowed to comment there either…..
Find that particularly amusing, Tim. You know my personal e-mail address, don’t you? Comments with e-mail addresses at that domain that have been banned by Spud ever since you first brought him to my attention.