QE3?
Believe it or not, they emailed me today to tell me that any further complaints I make about left-wing bias in the next 2 years won't be considered!
Arrogant bastards!
It reminds me of something Peter Sissons wrote (http://www.dailymail.co.uk/news/article ... ssons.html):
'Complaints from viewers may invariably be met with the BBC’s stock response, ‘We don’t accept that, so get lost’.'
In 2010-11, the BBC received 240,000 complaints. According to an article on their website (http://www.bbc.co.uk/news/entertainment-arts-14120960): 'Some 257 complaints were escalated, 17 of which were upheld or partially upheld'. Says it all...
I know the above isn't relevant to QE, but I thought I'd get it off my chest!
Jeff
Arrogant bastards!
It reminds me of something Peter Sissons wrote (http://www.dailymail.co.uk/news/article ... ssons.html):
'Complaints from viewers may invariably be met with the BBC’s stock response, ‘We don’t accept that, so get lost’.'
In 2010-11, the BBC received 240,000 complaints. According to an article on their website (http://www.bbc.co.uk/news/entertainment-arts-14120960): 'Some 257 complaints were escalated, 17 of which were upheld or partially upheld'. Says it all...
I know the above isn't relevant to QE, but I thought I'd get it off my chest!
Jeff
superfrank wrote: don't waste your time complaining [to the BBC], they don't even reply.
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superfrank
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like they considered any of them anyway!Ferru123 wrote:Believe it or not, they emailed me today to tell me that any further complaints I make about left-wing bias in the next 2 years won't be considered!
'reminds me of the The Scorpion and the Frog...
The Scorpion and the Frog is a fable about a scorpion asking a frog to carry him across a river. The frog is afraid of being stung during the trip, but the scorpion argues that if it stung the frog, the frog would sink and the scorpion would drown. The frog agrees and begins carrying the scorpion, but midway across the river the scorpion does indeed sting the frog, dooming them both. When asked why, the scorpion points out that this is its nature. The fable is used to illustrate the position that the behaviour of some creatures is irrepressible, no matter how they are treated and no matter what the consequences.
http://en.wikipedia.org/wiki/The_Scorpion_and_the_Frog
True!superfrank wrote: like they considered any of them anyway!
And unfortunately it appears they aren't answerable on issues of impartiality to anyone but the BBC Trust!
Even Mr Cameron can't tell them what to do, because to do so would interfere with their political impartiality!
You might like this article - BBC boss tells staff facing cuts to 'grow up' - http://www.telegraph.co.uk/culture/tvan ... ow-up.html
I'm sure Ms Boaden is worth every penny of her £340K salary...
I like the fable!
Jeff
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superfrank
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the moment that Mystic Merv mentioned that the stated aim of QE is to boost asset prices the stock markets took off (at least the t0sser made me a few quid tonight!).
In 2008, Nick Clegg was in favour of an EU referendum: http://www.guardian.co.uk/world/2008/fe ... ldemocrats
Yet now, he's instructing his MPs to vote against such a referendum.
Strangely enough, I can't find any mention of that u-turn on the BBC news website...
BTW, the email the BBC sent me has been published: http://biased-bbc.blogspot.com/2011/10/ ... ining.html
They've also sent me a follow-up email: http://biased-bbc.blogspot.com/2011/10/ ... laint.html
Jeff
Yet now, he's instructing his MPs to vote against such a referendum.
Strangely enough, I can't find any mention of that u-turn on the BBC news website...
BTW, the email the BBC sent me has been published: http://biased-bbc.blogspot.com/2011/10/ ... ining.html
They've also sent me a follow-up email: http://biased-bbc.blogspot.com/2011/10/ ... laint.html
Jeff
superfrank wrote:like they considered any of them anyway!Ferru123 wrote:Believe it or not, they emailed me today to tell me that any further complaints I make about left-wing bias in the next 2 years won't be considered!
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superfrank
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Bank of Japan increases stimulus and keeps rates low
http://www.bbc.co.uk/news/business-15472839
Japan prints more in attempt to weaken the Yen.
Texas governor Rick Perry recently described stimulus and QE as “generational theft”. He was right - it's all for the benefit of the baby-boomer generation, who've already had a charmed financial life (and are the generation in power), at the expense of everyone else and future generations.
http://www.bbc.co.uk/news/business-15472839
Japan prints more in attempt to weaken the Yen.
Texas governor Rick Perry recently described stimulus and QE as “generational theft”. He was right - it's all for the benefit of the baby-boomer generation, who've already had a charmed financial life (and are the generation in power), at the expense of everyone else and future generations.
Jim Rogers thinks QE3 is already under way and calls Bernanke a liar!
http://www.fool.com/investing/general/2 ... r-way.aspx
Jeff
http://www.fool.com/investing/general/2 ... r-way.aspx
Jeff
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superfrank
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Great clip.
Jim Rogers is a top man and it's good there are a few around - the average economist is a sheep that believes all rubbish fed to him by central banks etc.
Jim Rogers is a top man and it's good there are a few around - the average economist is a sheep that believes all rubbish fed to him by central banks etc.
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superfrank
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Because Central Banks Just Aren't Enough: G-20 Will Ask IMF To Print Reserve Currency
http://www.zerohedge.com/news/because-c ... e-currency
http://www.zerohedge.com/news/because-c ... e-currency
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superfrank
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I sent Mystic Merv a letter a couple of weeks ago and received a reply yesterday (signed by him but no doubt written by a helper, but nonetheless a reply).
The frightening bit for me is the last sentence and the assumption of recovery achieved by stimulus/QE... many others (e.g. Peter Schiff) believe this action is actually preventing any chance of a real recovery.
The frightening bit for me is the last sentence and the assumption of recovery achieved by stimulus/QE... many others (e.g. Peter Schiff) believe this action is actually preventing any chance of a real recovery.
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Looks like QE3 may be on its way:
St Louis Fed chief James Bullard: "Federal Reserve can reopen liquidity facilities if the situation in Europe deteriorates"
Chicago Fed chief Charles Evans: "Federal Reserve should be acting as if there is a very big problem, the economic problems are much larger than the Fed had expected."
Jeff
St Louis Fed chief James Bullard: "Federal Reserve can reopen liquidity facilities if the situation in Europe deteriorates"
Chicago Fed chief Charles Evans: "Federal Reserve should be acting as if there is a very big problem, the economic problems are much larger than the Fed had expected."
Jeff
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superfrank
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or roughly translated: "...our share prices aren't going up, quick print some more money".
QE is part of the cause of the problems because it is delaying the necessary restructuring of economies.
They are still in denial, thinking that they can return to a busted economic model based on cheap credit, consumerism and housing.
QE is part of the cause of the problems because it is delaying the necessary restructuring of economies.
They are still in denial, thinking that they can return to a busted economic model based on cheap credit, consumerism and housing.
S&P downgrades bank credit ratings - http://www.bbc.co.uk/news/business-15955173
You know things are serious when Goldman Sachs have their credit rating cut!
Jeff
You know things are serious when Goldman Sachs have their credit rating cut!
Jeff