Bank of England gone mad.

Hoochypooch

Bank of England gone mad.


Carney must go now.

There is a huge problem at the BoE as the it (he) is setting policy based on what he expects to happen in the future.

This a bad idea, a massively bad idea. :money:

Apart from anything else he has got his forecasts massively wrong.

But the real problem is what is called in Engineering as positive feedback, this is what he is putting into the system, he is responding to events which he thinks will happen but have not yet happened.

It is a mad idea.

Positive feedback is designed out of engineering systems because it leads to instability.

If you want to position a tank turret for example you send it a power base on the difference between where the gun is and where you want it to be, ie you
send a signal in proportion to the error between the two, thus when it is pointing in the right direction there is no signal and the gun remains steady and on target.


However the BoE is guessing which way the gun will be pointing and giving a signal based on that guess. :rotfl:

This leads to chaos, you end up with gun banging around all over the place


He has it all wrong there was no unemployment problem as the low pound increases employment as our good become cheaper to buy.

So he it all wrong, unemployment is at an 11 year low and he thinks it is a problem. :rotfl:

The only problem was the weak pound and he could have fixed that by raising rates instead he did the opposite and made it even worse.

Seriously this man is dangerous he is deluded at best, what is unemployment were to rise?

What can he do then? Well he can't do anything because he has shot all his bullets before the enemy has arrived.

Then we will get rocketing unemployment the exact opposite of his intention.

SERIOUSLY HE MUST GO *NOW*

jimjames

Do you even understand how decisions are made?

chris_m

jimjames wrote: »

Do you even understand how decisions are made?

Don't be daft, s/he doesn't even know how a spoolchucker works, or doesn't :rotfl:

Hoochypooch

jimjames wrote: »

Do you even understand how decisions are made?

Yes they are made by a deluded egotistical individual who thinks he is a star who can predict the future.


In short they are made by a madman who need to be sacked.

steampowered

There is a huge problem at the BoE as the it (he) is setting policy based on what he expects to happen in the future.

I genuinely can't tell if you are trolling or not.

If you are a troll, well played to you sir.

If you are not ... well ...

Hoochypooch

jimjames wrote: »

Do you even understand how decisions are made?

They should be made on economic reality no on the fantasy and speculation of people with a proven track record of failure.

The same people who destroyed the economy in 2008 and got rich doing so.

They are no doubt getting rich destroy the economy again this time with inflation and printed money.

Hoochypooch

steampowered wrote: »

I genuinely can't tell if you are trolling or not.

If you are a troll, well played to you sir.

If you are not ... well ...

If you are an idiot I am not surprised.

The above sentence works without the if.

Thrugelmir

steampowered wrote: »

I genuinely can't tell if you are trolling or not.

If you are a troll, well played to you sir.

If you are not ... well ...

Definately a troll. Speaking such rabid nonsense.

Moto2

Hoochypooch wrote: »

The same people who destroyed the economy in 2008 and got rich doing so.

Gordon Brown?

antrobus

Hoochypooch wrote: »

...There is a huge problem at the BoE as the it (he) is setting policy based on what he expects to happen in the future....

You're not going to like this, but that seems to me to be the most sensible way of making decisions.

I think you need help.:)