Comments by "boz" (@BOZ_11) on "BOE Expands Bond-Buying Scope to Avert 'Fire Sale'" video.

  1. Self buying bonds is deflationary, genius
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  2.  @A_D624  read a book. When the central bank buys its own securities it is necessarily removing private sector income, and that is deflationary
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  3. "the UK is counting on the kindness of strangers in continuing to fund a budget and current accounts deficits" no it isn't, the BoE is buying them, and the BoE isn't a stranger, it's a Govt run central bank
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  4.  @erongi23  it's deflationary, Dumbo. If the boe is buying securities from the treasury then it's denying the private sector the would-be income from said treasuries. The money is going from the govt's right pocket to its left pocket and never gets out into the economy
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  5.  @AH-fm7rj  the money goes to itself, not in the economy. Think, man
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  6.  @AH-fm7rj  the BoE is buying up newly issued treasury securities from the treasury, but not selling them to the open market. The money is moving from the Govt's right pocket, to its left pocket, the money doesn't get into the economy. It's deflationary, since that income from treasuries WOULD HAVE been paid to private sector holders
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