By pursuing the subject (especially since I noticed the previous post if I get into more complicated issues make me just a mess). We have seen that quantitative easing, the monetary expansion by the Fed and the Bank of England seen as an important tool to help overcome the crisis, is not working:
(1) It is becoming as cash in the bank balance;
(2) And although banks have this raised the interest rates they offer to credit applicants and have fallen for savers .
However, some characters if they are getting some of the quantitative easing. The last week has been much talk in the British press salary and bonuses Barclays Capital, where despite the drop in profits is expected that the remuneration should be increased by 17%. And this is not a phenomenon only in banking investment. Robert Peston a few days ago spoke of the difference in executive compensation in publicly traded companies and executives at other companies. The former have seen their compensation grow by 55% last year (!) While the latter have seen their pay fall in real terms.
So it seems to me that the Quantitative Easing is a recipe for political and financial elites translates into improved financial situation at the expense of the middle class. A chart that illustrates this fact is the recovery in house prices in Kensington and Chelsea district of London more expensive compared to, For example, Croydon, a suburban district where people from working class. During the first half of this year prices in K & C reached levels even higher than those of 2007-08, while in Croydon are more than 10% below their highs.
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