Of No Interest? BOE Gov to be Canadian Central bank & former Goldman Sachs partner

sabretoothtigger

surprised no ones bothered :huh: Take your bets if this will break the current trend:idea::beer:


http://www.bbc.co.uk/news/business-20501990
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nilrem_2

Don't expect it will make much difference or ordinary plebs such as myself.

The BBC understands that Mr Carney will be offered a total pay package of about £624,000 a year.

I bet some of the people who contribute to this forum could do a better job at a fraction of that salary!

sabretoothtigger

I'd make rates 5% straight away and they'd fire me in 24hrs. Its more politics and appearing to have credibility then anything else. He is a front man to the actual mechanics.
They could abolish the entire job but it'd look awful like a car without a bonnet, no importance but it would cost more money then that salary in added interest costs to the national debt

He was previously considered for IMF head honcho hence the dude has the gravitas to pull in big money from every other central bank with a positive trade balance

grey_gym_sock

"of no interest?" ... i thought for a minute that they'd cut base rate to 0%

both george osborne and ed balls think he's great ... which makes me very suspicious.

grey_gym_sock

sabretoothtigger wrote: »

I'd make rates 5% straight away

is that the only policy change you'd make?