Life and Death Struggle

March 5th, 2009 7:03 am | by John Jansen |

I thought this was interesting on the “plight” of Chinese exporters. At least this would keep them buying Treasury debt and we sure need that help at the moment.

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  1. 6 Responses to “Life and Death Struggle”

  2. By Alex on Mar 5, 2009 | Reply

    BOE: Will Purchase Up To GBP75 Bln In Gilts, Other Securities
    BOE: May Take Up To 3 Months To Carry Out Purchases
    BOE: Medium To Long-Term Gilts To Be Majority Of Purchases

  3. By John Jansen on Mar 5, 2009 | Reply

    I think Ben has made it clear that he will only buy Treasury debt if it will aid the credit markets.

  4. By Dr.Dan on Mar 5, 2009 | Reply

    What purpose will it solve if BoE purchases Gilts ?

    Does it “print” money to buy these gilts ? and where does that money go ?

  5. By Alex on Mar 5, 2009 | Reply

    John,

    Nationalize the banks and get them lending again — what do you think? At least that option is not as unpalatable for us as it is for you.

  6. By Ruth Harris on Mar 5, 2009 | Reply

    I try to read your blog every day, but I’ve just realized that I’m not seeing LIBOR rates anymore. Have they moved? Or are they gone?

  7. By Rajesh on Mar 5, 2009 | Reply

    U.K. has already nationalized several banks. The only effect so far is the pound has dropped in value.

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