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Jonny Foreigner is the new BOE Governor

245

Comments

  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    CLAPTON wrote: »
    it is reported that Mark worked with Goldman Sachs advising Russian on it's Financial crisis in the 90s; that was while Goldman was betting that Russia wouldn't be able to pay it's debts.
    Mark wouldn't have known about that of course...

    I prefer the fact that no Canadian bank required assistance during the 2008 crash. Says a lot for the Canadian regulatory framework.

    Whereas any British banker comes somewhat tainted. As many knew the risks that were being taken.
  • CLAPTON
    CLAPTON Posts: 41,865 Forumite
    10,000 Posts Combo Breaker
    Thrugelmir wrote: »
    I prefer the fact that no Canadian bank required assistance during the 2008 crash. Says a lot for the Canadian regulatory framework.

    Whereas any British banker comes somewhat tainted. As many knew the risks that were being taken.


    I am more concerned that a great number of our bankers did NOT know the risks that were being taken.

    Anyway it seems absurb that there is no UK national suitably qualified.
  • Turnbull2000
    Turnbull2000 Posts: 1,807 Forumite
    David Blanchflower is elated with the appointed. I'm guessing that means continued low rates, more QE and more housing market support.
    Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam
  • Graham_Devon
    Graham_Devon Posts: 58,560 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    I'm just happy it's not Tucker!
  • grizzly1911
    grizzly1911 Posts: 9,965 Forumite
    I wonder what the inflation target will be under his watch?

    Will he have lots of letters to write?

    Seems Canada managed to keep it tighter, not sure whether that is because underlying commodity prices didn't have so much of an effect oil/gas etc.

    pp6/13

    http://www.bankofcanada.ca/wp-content/uploads/2012/05/boc-review-spring12-lavigne.pdf
    "If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....

    "big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham
  • BertieUK
    BertieUK Posts: 1,701 Forumite
    Now Mr Carney's package of £624,000 is more than double Sir Mervyn King's salary of £305,000.

    Is there a valid reason for such a large amount?
  • HAMISH_MCTAVISH
    HAMISH_MCTAVISH Posts: 28,592 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Turnbull2000 wrote: »
    David Blanchflower is elated with the appointed. I'm guessing that means continued low rates, more QE and more housing market support.

    Excellent news.
    “The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.

    Belief in myths allows the comfort of opinion without the discomfort of thought.”
    -- President John F. Kennedy”
  • homelessskilledworker
    homelessskilledworker Posts: 1,664 Forumite
    Sounds like a good guy and a good choice.

    I would like to hear in his first public speech to the UK people something like this...

    "I have something to tell you about the poor state of your economy and what you need to do about it, and many of you will not like it"
  • Wookster
    Wookster Posts: 3,795 Forumite
    BertieUK wrote: »
    Now Mr Carney's package of £624,000 is more than double Sir Mervyn King's salary of £305,000.

    Is there a valid reason for such a large amount?

    It is to compensate for the difference in the pension scheme between him and Mervyn King :eek:
  • Graham_Devon
    Graham_Devon Posts: 58,560 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    HAMISH_MCTAVISH wrote: »
    Excellent news.

    According to you, there is no targetted housing support from the BOE.

    So how is it excellent news this stuff which doesnt exist, will continue?
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