FrozenOut Posted June 22, 2011 Share Posted June 22, 2011 The new MPC member is a dove - another fool who can't see the inflation around him - probably due to the size of his paycheck? N00b Goldmen Sachs votes for a hold in rates Quote Link to comment Share on other sites More sharing options...
ken_ichikawa Posted June 22, 2011 Share Posted June 22, 2011 There never was a chance of a rate rise anyway. Quote Link to comment Share on other sites More sharing options...
Wait & See Posted June 22, 2011 Share Posted June 22, 2011 He/She will have been hand pick for the job in hand.....i.e. keeping rates nice and low until a wheelbarrow is required to carry the cash for a loaf of bread and a dozen eggs. Laughable, but this is what we must bare in order to keep "hard working families" paying their massive mortgages to the banks. Quote Link to comment Share on other sites More sharing options...
exiges Posted June 22, 2011 Share Posted June 22, 2011 Dove ? I had a different 4 letter word in mind. C... Quote Link to comment Share on other sites More sharing options...
MrFlibble Posted June 22, 2011 Share Posted June 22, 2011 He/She will have been hand pick for the job in hand.....i.e. keeping rates nice and low until a wheelbarrow is required to carry the cash for a loaf of bread and a dozen eggs. It's heading that way thick and fast unfortunately. Quote Link to comment Share on other sites More sharing options...
zilly Posted June 22, 2011 Share Posted June 22, 2011 The new MPC member is a dove - another fool who can't see the inflation around him - probably due to the size of his paycheck? N00b Goldmen Sachs votes for a hold in rates I'm sure he can see the inflation around him, but apparently the only bad form of inflation is wage inflation for the proles (wage inflation for the already wealthy on the other hand is perfectly acceptable of course). It concerns me as a patriot that we have people pulling the strings who are not concerned about the fate of my country, but are concerned only with the protection of their own financial interests (property portfolios, anyone?) and those of their privileged pals. Too much concerned with what the 'markets' want, and not enough about what normal people need. This isn't the 'politics of envy' - it's the politics of not wanting greedy idiots to destroy the place I call home. Time for a letter to my MP I think. I would implore you to do the same. Quote Link to comment Share on other sites More sharing options...
hedgefunded Posted June 22, 2011 Share Posted June 22, 2011 You can write to anyone you like, and I'd applaud you for doing so. Sadly, the only thing that will make a difference now is a revolution. Quote Link to comment Share on other sites More sharing options...
Killer Bunny Posted June 22, 2011 Share Posted June 22, 2011 Stephanie Flanders wrote, beforehand, he was an 'unknown quantity'. Quote Link to comment Share on other sites More sharing options...
FrozenOut Posted June 22, 2011 Author Share Posted June 22, 2011 Which is of course is an absolute joke considering he comes from Goldman Sachs - who as we know were in cahoots with the fed. What a joke the MPC have become..... Quote Link to comment Share on other sites More sharing options...
Dorkins Posted June 22, 2011 Share Posted June 22, 2011 What a joke the MPC have become..... The entire system has become a joke. I'm sure it was never perfect, but now TPTB hardly bother to hide the theft anymore as they know there is nothing we can do about it. Quote Link to comment Share on other sites More sharing options...
Errol Posted June 22, 2011 Share Posted June 22, 2011 (edited) It's hilarious the way they have the nerve to appoint an ex-vampire squid worker to this post. The way JP Morgue and the Squid have infiltrated almost every level of world finance is worrying in the extreme. Edited June 22, 2011 by Errol Quote Link to comment Share on other sites More sharing options...
Little Professor Posted June 22, 2011 Share Posted June 22, 2011 Stephanie Flanders wrote, beforehand, he was an 'unknown quantity'. Yes, so surprising that the Goldman Sachs stooge ende up being an arch-dove. Poor Stephanie Flanders, she must have been so surprised when the sun rose this morning, that was so unpredictable for her. Quote Link to comment Share on other sites More sharing options...
IDN Posted June 22, 2011 Share Posted June 22, 2011 Yes, so surprising that the Goldman Sachs stooge ende up being an arch-dove. Poor Stephanie Flanders, she must have been so surprised when the sun rose this morning, that was so unpredictable for her. hahaha she does work for the BBC ie only those with a distinct lack of intelligence need apply Quote Link to comment Share on other sites More sharing options...
Pole Posted June 22, 2011 Share Posted June 22, 2011 Meanwhile at Wimbledon...The boss is having a good time! Quote Link to comment Share on other sites More sharing options...
Guest spp Posted June 22, 2011 Share Posted June 22, 2011 (edited) Meanwhile at Wimbledon...The boss is having a good time! Good to see Sir King being vigilant! Greek crisis...what Greek crisis!? New balls 'notes' please... Edited June 22, 2011 by spp Quote Link to comment Share on other sites More sharing options...
moesasji Posted June 22, 2011 Share Posted June 22, 2011 Meanwhile at Wimbledon...The boss is having a good time! That picture really makes you wonder at what the lady in uniform is looking ... Quote Link to comment Share on other sites More sharing options...
TeddyBear Posted June 22, 2011 Share Posted June 22, 2011 Meanwhile at Wimbledon...The boss is having a good time! I wonder if Wimbledon was down as a day's annual leave or official business paid by the bank, a bit like his railcard? Quote Link to comment Share on other sites More sharing options...
EvilEdna Posted June 22, 2011 Share Posted June 22, 2011 Meanwhile at Wimbledon...The boss is having a good time! In case anyone missed this one first time round. Conclusive proof Mervyn King is a tellytubby. Quote Link to comment Share on other sites More sharing options...
Cinzano Bianco Posted June 22, 2011 Share Posted June 22, 2011 The new MPC member is a dove - another fool who can't see the inflation around him - probably due to the size of his paycheck? N00b Goldmen Sachs votes for a hold in rates What I don't get is how Posen can keep voting for an increase in QE. What possible reasoning can he have for doing so, given the MPC remit of tackling inflation. I guess one of the puppets needs to keep the appearance of a possibility of further QE, to show the markets how vigilant they are. Quote Link to comment Share on other sites More sharing options...
inflating Posted June 22, 2011 Share Posted June 22, 2011 I'm sure he can see the inflation around him, but apparently the only bad form of inflation is wage inflation for the proles (wage inflation for the already wealthy on the other hand is perfectly acceptable of course). It concerns me as a patriot that we have people pulling the strings who are not concerned about the fate of my country, but are concerned only with the protection of their own financial interests (property portfolios, anyone?) and those of their privileged pals. Too much concerned with what the 'markets' want, and not enough about what normal people need. This isn't the 'politics of envy' - it's the politics of not wanting greedy idiots to destroy the place I call home. Time for a letter to my MP I think. I would implore you to do the same. well said +1 Quote Link to comment Share on other sites More sharing options...
'Bart' Posted June 23, 2011 Share Posted June 23, 2011 That picture really makes you wonder at what the lady in uniform is looking ... Her dwindling savings? Quote Link to comment Share on other sites More sharing options...
Mikhail Liebenstein Posted June 23, 2011 Share Posted June 23, 2011 I'm sure he can see the inflation around him, but apparently the only bad form of inflation is wage inflation for the proles (wage inflation for the already wealthy on the other hand is perfectly acceptable of course). It concerns me as a patriot that we have people pulling the strings who are not concerned about the fate of my country, but are concerned only with the protection of their own financial interests (property portfolios, anyone?) and those of their privileged pals. Too much concerned with what the 'markets' want, and not enough about what normal people need. This isn't the 'politics of envy' - it's the politics of not wanting greedy idiots to destroy the place I call home. Time for a letter to my MP I think. I would implore you to do the same. I don't think even the markets got what the markets wanted. Most of these people should have gone under along with the banks. Quote Link to comment Share on other sites More sharing options...
Arbitrage Posted June 23, 2011 Share Posted June 23, 2011 Yes, so surprising that the Goldman Sachs stooge ende up being an arch-dove. Poor Stephanie Flanders, she must have been so surprised when the sun rose this morning, that was so unpredictable for her. Flanders is a presstitute, just like Evan Davis and Hugh Pym Flanders excels at parroting out establishment conspiracy theories, e.g. 1. Sub-prime - it's all in America, we don't have any sub-prime lending here in the UK 2. Last year's bailout of Greece was going to see them right in the bond market for three years, at least 3. Coalition spending cuts She'll have to leave the country when the SHTF, same as Eton Dave Camoron Quote Link to comment Share on other sites More sharing options...
JaneTracy Posted June 23, 2011 Share Posted June 23, 2011 On the original theme of this thread of the new MPC member Ben Broadbent being a dove I saw this amusing analysis earlier. What happened at the last MPC Meeting?As I pointed out in yesterdays update there was some significance in the voting pattern. The new member Ben Broadbent, an ex-employee of the Vampire Squid itself, voted with the majority for no change. As the next President of the European Central Bank Mario Draghi is also an ex-employee of Goldman Sachs I am reminded again of the description of a Vampire Squid. wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money The effect of Mr.Broadbent’s vote was that the MPC was now split 1-6-2 rather than 1-5-3 which means that any interest rate rise looks even further away in spite of the fact that the official inflation measure CPI is at 4.5% which is more than twice its targeted level of 2%. Indeed not only is it twice its target but it is also expected to go higher in the next few months. So we have one member asking for more Quantitative Easing, six voting for unchanged policy, and two asking for an increase of 0.25% in interest-rates. If you had asked a selection of people 2/3 years ago where they think interest-rates would be with inflation more than twice its target I doubt whether anyone would have guessed the current level. Indeed if you told them the truth they would probably have struggled to believe you. http://t.co/eqKp0Q8 Quote Link to comment Share on other sites More sharing options...
Spoony Posted June 23, 2011 Share Posted June 23, 2011 He/She will have been hand pick for the job in hand.....i.e. keeping rates nice and low until a wheelbarrow is required to carry the cash for a loaf of bread and a dozen eggs. Laughable, but this is what we must bare in order to keep "hard working families" paying their massive mortgages to the banks. Once those eggs are worth that much cash those 'massive mortgages' will be miniscule. This what I think they all want. Quote Link to comment Share on other sites More sharing options...
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