Lobbying by the Loony Liquidationists
The Telegraph continues to shamelessly lobby for tight money:
The figures lay bare the extent to which repeated rounds of central bank quantitative easing (QE) has distorted the pensions blackhole. A growing number of business leaders are arguing companies should pump spare cash into business growth and job creation rather than plug “artificially depressed” deficits.
What does it say? It says that the funding position collapsed BEFORE the second QE programme started, and has been roughly stable since. Quelle surprise.