http://www.guardian.co.uk/business/2012/feb/29/ben-bernanke-qe3-hopes-us-economy?CMP=EMCNEWEML1355
All the best @renaturetek
Scratches to Sketches
Thursday 1 March 2012
British bank chief warns quantitative easing is 'laying seeds for next crisis' | Business | The Guardian
I guess the point is that the money will be used to fight a spree of bank takeovers which is part and parcel of the original problem. Growing your balance sheet by purchase of assets was used to persue a competitive strategy. It was not so much seen as a means of profit, but as a means to garner bonuses and prepare for a takeover or fend against one. Any idiot realizes that the margin on such acquisition of assets is highly risky?
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Sketches from scratches is a provocative blogspot that has grown out of the Wuh Lax experience. It is eclectic, which means that it might consider just about anything from the simple to the extremely difficult. A scratch can be something that is troubling me or a short line on paper. From a scratch comes a verbal sketch or image sketch of the issue or subject. Other sites have other stuff that should really be of interest to the broad reader. I try to develop themes, but variety often comes before depth.
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