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Carney leaves with printing press full-throttle
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TOPIC: Carney leaves with printing press full-throttle
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Carney leaves with printing press full-throttle 1 Year, 7 Months ago Karma: 262
One of the tough things with trying to keep up with posting -- and events themselves -- is that the more success I have (at any particular time) in reaching the BBC audience (and even peers); the more time I then spend discussing what's been going on with various people (and doing interviews).

So as a result of a few well-received AND the recent conference I find myself running far behind in keeping up with either mail or events.

Got this SEVERAL days ago from Fgwalmsley, and with my other post today about the less-than-glorious departure of Mark Carney from the Bank of Canada I figure I better make sure I got to this as well (from ZeroHedge):

Mark Carney Leaves Canada With 'Stealth QE' Rising At Fastest Pace Since 2009


ZeroHedge does a very good job in ILLUSTRATING their point (literally). First a couple of numbers:

(1) "BoC has grown its balance sheet by over 21% YoY - the most since 2009."
(2) "The quantity of Canadian government bonds on the BoC's balance sheet has grown at a remarkable 46% YoY"

This comes while Carney (with his near-zero interest rates) has been LECTURING Canadians non-stop about "taking on too much debt".

And here is one of the two tell-tale charts in the Zero Hedge piece:


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The Bank of England is hauling the sorry ass of this Goldman Sachs Stooge across the Atlantic -- so he can do exactly the same thing there: saying one thing; doing the exact opposite. All part of that famous "Goldman Sachs training."

:angry: :angry:


Mark Carney Leaves Canada With 'Stealth QE' Rising At Fastest Pace Since 2009

http://www.zerohedge.com/news/2013-01-28/mark-carney-leaves-canada-stealth-qe-rising-fastest-pace-2009

As Mark Carney steps aside from his role at the Bank of Canada to undertake all manner of easy money in the UK, we thought a reflection on the 'stealth' QE that he has been engaged with, very much under the radar, in the US' neighbor-to-the-north was worthwhile. It seems quietly and with little aplomb, Carney's BoC has grown its balance sheet by over 21% YoY - the most since 2009...
Jeff Nielson
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Last Edit: 2013/02/05 14:55 By Jeff Nielson.
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