Current Affairs Coronavirus Thread - Serious stuff !!!

[Paris]

Just been to Greggs. Honestly, the sensation that I had in my mouth after being without a sausage roll for so long felt like Christmas, Eid, Tet and Birthdays all rolled into one. Like a massive party going on in my mouth and everyone was coming.

 

[Catfish Blues]

... and everyone was coming.

Are you sure it wasn't a cheese slice ?

 

[orchard]

"The Bank's quantitative easing programme sees the Bank effectively print money to buy government debt, which there is now a lot more of thanks to the coronacrisis. This debt is issued in the form of bonds - or gilts - that pay the investor a yield for the duration of its lifetime."

So lacking in productive stimulus?

 

[Barnfred 55]

Surprise surprise

UK virus-tracing app switches to Apple-Google model

Government now intends to launch an app in the autumn but it may still lack contact-tracing tech.

www.bbc.co.uk

It's the right decision. People were not going to sign up to a centralised system so it was pointless going ahead with it even if they could get it to work. An effective app is essential if we're going to open up the economy

 

[roydo]

"The Bank's quantitative easing programme sees the Bank effectively print money to buy government debt, which there is now a lot more of thanks to the coronacrisis. This debt is issued in the form of bonds - or gilts - that pay the investor a yield for the duration of its lifetime."

*sigh*

Read that back to yourself, then realise that QE is not a gilt issue. It literally says it right there.

 

[PhilM]

Surprise surprise

UK virus-tracing app switches to Apple-Google model

Government now intends to launch an app in the autumn but it may still lack contact-tracing tech.

www.bbc.co.uk

K'in ell, they must have read my message this morning and realised the secret was out.

 

[davek]

*sigh*

Read that back to yourself, then realise that QE is not a gilt issue. It literally says it right there.

Whatever mate, the underlying moves by the Bank are to soak up a surge in government borrowing. There are levers to be pulled in the short to medium term.

 

[davek]

Surprise surprise

UK virus-tracing app switches to Apple-Google model

Government now intends to launch an app in the autumn but it may still lack contact-tracing tech.

www.bbc.co.uk

Just another massive balls up by a government that is nowhere remotley competent enough to take us through a deadly crisis.

They could see what responsible governments were doing and refused to go down that route, no doubt advised by the vampires it chummies up to in the tech industry who want to get their disgusting snouts in the trough of government cash.

They are quite prepared to kill us for cash.

 

[The binman chronicles]

Just been to Greggs. Honestly, the sensation that I had in my mouth after being without a sausage roll for so long felt like Christmas, Eid, Tet and Birthdays all rolled into one. Like a massive party going on in my mouth and everyone was coming.

Can't believe the staff are still soiling food during this time of increased hygiene.

 

[Jebus_lives]

been selected for the antibody test from health england

PHE or NHSE?

 

[roydo]

Whatever mate, the underlying moves by the Bank are to soak up a surge in government borrowing. There are levers to be pulled in the short to medium term.

You think every £ of QE goes back to HMG? I agree that QE is in operation to help the economy, that is correct. But you have demonstrated your ignorance on this subject matter enough for one day, so I will let you labour under your own "understanding".

 

[tsubaki]

Surprise surprise

UK virus-tracing app switches to Apple-Google model

Government now intends to launch an app in the autumn but it may still lack contact-tracing tech.

www.bbc.co.uk

How much money was spent on that?

 

[mill]

"The Bank's quantitative easing programme sees the Bank effectively print money to buy government debt, which there is now a lot more of thanks to the coronacrisis. This debt is issued in the form of bonds - or gilts - that pay the investor a yield for the duration of its lifetime."

QE is there to support the market by providing the market with liquidity and keeping the cost of borrowing down. The BOE are independent from the government and will move when they think the market needs it. There is clearly going to be a liquidity squeeze and deflationary pressures so it makes sense.

Moving to the bond issuance side of things, are you saying that’s a negative? As in, the government are wrong to do so? What is the point you are making about it?

 

[davek]

QE is there to support the market by providing the market with liquidity and keeping the cost of borrowing down. The BOE are independent from the government and will move when they think the market needs it. There is clearly going to be a liquidity squeeze and deflationary pressures so it makes sense.

Moving to the bond issuance side of things, are you saying that’s a negative? As in, the government are wrong to do so? What is the point you are making about it?

No, I'm saying its a tool that can and should be used.

 

[mill]

Surprise surprise

UK virus-tracing app switches to Apple-Google model

Government now intends to launch an app in the autumn but it may still lack contact-tracing tech.

www.bbc.co.uk

They must be spinning the amount of u turns they are doing at the moment.