I don’t know.  I’m only an economist.  But the BOE shows M4 lending without securitizations etc suddenly much higher.

My question is: can they control this thing?  These figures are sufficiently volatile month-on-month that discerning a trend will take a while.  By which time, will we have FTSE at 6000, an ever-booming housing market, but little joy for manufacturing?

I’m waiting for the David Smith verdict


2 thoughts on “Are these money numbers really big?

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