Wednesday, 10 February 2010

Make your mind up, Mervyn

Mervyn King said today that the UK economy might go back into recession and that the recovery is weaker than hoped.

So, Mervyn, what possessed you to stop quantitative easing less than a week ago? Scott must be so disappointed. Unless you can come up with a solid rationale for why QE can't work, this is bizarre and inexplicable.

p.s. to be fair, he has also said today it's 'far too soon' to assume there will be no more QE. David Wighton in The Times points out that this behaviour looks 'downright peculiar'.

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