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LOL!! This is brilliant
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Good point. This guy has been rewarded before he's done the job. His previous track record can't be used because the environment/culture here is going to be totally different.
How has is been awarded? He has a salary which will be paid monthly like everyone else and an allowance to reflect the extra costs of living abroad. While it all seems a lot of money, it isn't. I have worked with many people far less important than him with much bigger income.0 -
Good point. This guy has been rewarded before he's done the job. His previous track record can't be used because the environment/culture here is going to be totally different.
Firstly, you aren't nearly well informed enough to judge whether someone can or can't apply their experience to a role of that level and specialisation. Secondly, it is absurd to think that experience at the top economic levels of another western nation can simply be dismissed out of hand.Having a signature removed for mentioning the removal of a previous signature. Blackwhite bellyfeel double plus good...0 -
Carney is a NWO Globalist:
Remarks – Mark Carney
Governor of the Bank of Canada
Presented to: International Economic Forum of the Americas, conference of Montreal
11 June 2009
“The theme of this conference – “Adapting to a New World Order” – suggests that it is clear how global commerce and finance will be reorganized in the wake of the current crisis. However, the outcome is far from preordained. How we manage the rebalancing of the global economy could profoundly influence how open, equitable, and prosperous the New World Order will be.
Globalized product, capital, and labour markets lie at the heart of the New World Order to which we should aspire. However, the next wave of globalization needs to be more firmly grounded and its participants more responsible. ”
BTW, anyone who is wondering about globalised labour markets, it roughly translates to bringing immigration to first world countries to reduce labour costs, i.e. your wage, so that people like him and his fellow NWO Globalists can make even more money.0 -
Firstly, you aren't nearly well informed enough to judge whether someone can or can't apply their experience to a role of that level and specialisation. Secondly, it is absurd to think that experience at the top economic levels of another western nation can simply be dismissed out of hand.
Correct. And let's face it we'd have much more grounds to be dismayed if we thought that Osborne was about to appoint another bozo like King.No-one would remember the Good Samaritan if he'd only had good intentions. He had money as well.
The problem with socialism is that eventually you run out of other people's money.
Margaret Thatcher0 -
I reckon that at least 99% of the population, me included, are incapable of concluding whether or not Mr Carney has been a success once he completes his contract. My guess is that many of the 99%, the OP included, will decide that an inflation rate of higher than 2.01% for more than a couple of months will mean he's failed.
My advice when looking for sound comment on things financial is to seek out someone who struggles to afford a tank of petrol - they always seem to have the best grasp on finances and the economy.0 -
My advice when looking for sound comment on things financial is to seek out someone who struggles to afford a tank of petrol - they always seem to have the best grasp on finances and the economy.
Not necessarily. It might be because they blow their money on tobacco, alcohol, gambling, junk food, fashion products, and mindless gossip magazines, and have nothing left when it comes to fill-up time.No-one would remember the Good Samaritan if he'd only had good intentions. He had money as well.
The problem with socialism is that eventually you run out of other people's money.
Margaret Thatcher0 -
He is a fricking lizard, I knew it all along :eek:
The other side to global markets would be comparative advantage and allowing cheaper production is beneficial to all. Will we always have luddism instincts.
This is why Im against centralist currency as I think it encourages protectionism among a population rather then giving them the power to earn save spend, personally seeing the advantages across all three
I was thinking BOE was private somehow but its just publicly independent :huh:Mr._Pricklepants wrote: »How much do you think he should be paid then, in order not to upset you and the rest of the great british public?
624K + 250K housing allowance doesn't seem exaggerated for a position like governor of the BoE.
Pay him the UK average wage in cash with a bonus of 3 million in 5 year bonds issued 2013 to be cashed on his job term end. At least we could more sure he would want to keep the currency in one piece.
He has the Goodwin package otherwise, paid for failure or success, doing whatever sounds good at the time0 -
I can see an argument for true payment on results.
Example: inflation sub 2% along with growth at over 2%.
Basic salary of UK average with 1 million bonus for hitting target.
Trouble is that none of these people have the confidence in their own skills to take that sort of deal, and want full pay even if they are a dismal failure.0 -
I can see an argument for true payment on results.
Example: inflation sub 2% along with growth at over 2%.
Basic salary of UK average with 1 million bonus for hitting target.
Trouble is that none of these people have the confidence in their own skills to take that sort of deal, and want full pay even if they are a dismal failure.
yeah, or you could make it more complicated than that, e.g. an extra £1m p.a. for him for every extra quarter percentage pt on growth and every quarater percentage pt off inflation.
not practical, though, really. the huge majority of the factors that control growth & even inflation [tho the latter not strictly true - even now it'd be easy enough to cause deflation by ramping rates up really high] are totally outside of the BoE's control. i guess what the big paypacket on offer is recognising is that the stakes are so high that even an ability to steer the economy through the choppy waters of the global economy a tiny fraction better than other candidates is incredibly valuable, whilst recognising that, ultimately, the waves are the boss - if the world economy is booming & [say] oil prices flat it's pretty hard for things not to look rosy; similarly when a huge ****storm a la global debt bubble, it's impossible for all countries not to suffer. a side-issue is that it's almost impossible to prove how good a job the BoE is doing.FACT.0 -
the_flying_pig wrote: »yeah, or you could make it more complicated than that, e.g. an extra £1m p.a. for him for every extra quarter percentage pt on growth and every quarater percentage pt off inflation.
. a side-issue is that it's almost impossible to prove how good a job the BoE is doing.
It depends what statistics you use.
I think the long dated bond bonus is quite neat. He wouldn't want to crucify the currency."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 Muruganantham0
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