The Contrarian Investor: Playing with fire

It is hard not to feel ever so slightly sorry for the pointy heads over at the Bank of England as they contemplate what to do next about the various quantitative easing programmes, including the Funding for Lending scheme.

All this extensive monetary pump priming was supposed to result in more money in our pockets, more mortgages, loans to small businesses and funding for infrastructure. Sadly very little of the above seems to have actually occurred, and one wonders what the next big plan will be. Then again maybe the lack of actual results from all this monetary experimentation is no bad thing, especially if all the hard cash found its way into the wrong hands? The Bank of England governors have already said they are worrying about quantitative easing benefiting the rich, but recent research from Andre...