Reply to post: Re: Whereas the QE to date

Hey, folks. Meet the economics 'genius' behind Jeremy Corbyn

Anonymous Coward
Anonymous Coward

Re: Whereas the QE to date

"All that's happened here is that some people ended up with a lot of money"

Quite a lot of which is tied up in virtual money in the form of house prices. Which is why they are desperate not to solve the housing problem, because that would entail a very significant fall in prices.

People who live in houses and who own them don't care because we have to live somewhere, but people who have e.g paid £800k for a 2 bed ex council flat in a tower block in the East End as an investment might be looking at what happened to Tokyo in the 80s and be very worried indeed.

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