Wednesday, Sep 20, 2017

Clueless Carney

Torygraph: Mark Carney doubles down on likely interest rate rise in face of 'inflationary' Brexit

As pointed out in the comments, the inflationary overshoot Carney so eagerly ascribes to Brexit might just be because the BoE dropped interest rates on the news and applied additional monetary stimulus.

Posted by stillthinking @ 01:45 AM (5408 views) Add Comment

1 Comment

1. nickb said...

Hilarious. So Brexit is a "reculer pour mieux sauter" according to Carney. Maybe he said this so that only higher class people get the joke? Funny also how it is hardly ever admitted by those in power (like Carney) that globalisation suppresses wages, but readily admitted that de-integration is likely to raise them.

Wednesday, September 20, 2017 09:52AM Report Comment

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