Quote of the day

“I find economics increasingly satisfactory, and I think I am rather good at it.”– John Maynard Keynes

Thursday, 7 May 2015

You know how 30% of gilts are held overseas?

Well, that could be changing (or not). This is to show you that mistakes do get made (in the corridors of power):

BANK OF ENGLAND ADMITS WRONG DATA
UK debt sale data published last week by the Bank purported to show that foreign investors had snapped up gilts at a record rate in March, but a "notice of errata" from Threadneedle Street yesterday showed that these figures were incorrect.
The Bank originally said March had seen inflows of £28.2bn, which would have been a 33-year high, but yesterday it corrected this figure, almost halving it to £14.8bn. It also revised February's data.

more here 

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