Home > Crazy Loons, Monetary Policy > Lobbying by the Loony Liquidationists

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.

AEP must be ashamed.   Using the public data from the Pension Protection Fund, here is a graph on the aggregate deficit position of the pension funds they monitor, for any crazy loons out there:

Pension Protection Fund Aggregate Funding Position

Pension Protection Fund 7800 Index, Aggregate Funding Position

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.

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