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Thats funny...but I was expecting a QE indication atleast
Mervyn King looks and acts like Benny Hill.
"Fretting over deflation, the Old Lady's staff are in fact hedging their own pensions against inflation...
A NOTE DOING the rounds here in London points to a very smart move by the Bank of England's pension fund.
Analysts quoting the Guido Fawkes blog...which in turn was tipped off by Peter Oborne writing up an anonymous "source" in the Daily Mail...who also appears to have tipped off Investments & Pensions Europe magazine (IPE)...note a 12% gain in the Bank's pension fund between Mar. 2007 and Mar. 2008 – the latest figures revealed by Freedom of Information filings – thanks to "great market timing.
"The fund sold out of equities entirely, cutting a 21.6% holding down to 0.1% and thus avoiding a 35% drop in UK equities."
They are not worried about THEIRS!
EUR dumpathon, I love it, that's sooooo funny! You guys are poets!
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