Sunday 22 February 2009

Our economy in their hands

LA is back in the blogsphere.

So the Treasury has now said that it will start "quantitative easing" or effectively printing money.

The Treasury's forecasts on the economy have for the past few years been dreadful, its growth figures woefully inaccurate. These forecasts of the economy are the governments eyes on the economy.

Quantitative easing is the economic equivalent of open heart surgery. Very complicated and deadly to an economy if not carried out with precision.

The surgeon is the Treasury, the trouble is it has the eyesight of Mr Magoo.

Given this, if you were the patient would you undergo the op or wait a while to see it might be better to try alternatives?

Keep an eye on the heart monitor folks it may well get scary.

LA.

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