FT: Letter to the editor

[Skip to the end] Published letter to the editor in FT. Expect public-sector deficits and oil prices to go on rising by Prof Philip Arestis, Dr John McCombie and Mr Warren Mosler. Sir, Public-sector deficits and crude oil prices will probably both continue rising. Chris Giles’ reports, “Treasury to reform Brown’s fiscal rules” and “Treasury […]

FT: Detail of BOE plan

Looks functionally the same as direct lending to the banks vs their mortgage-backed securities. Don’t know why they are taking this indirect route. Maybe because the Fed is also doing a security lending facility vs direct lending, and the BOE doesn’t want to show them up by doing it right as a gesture of solidarity. […]