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singlemalt

Deputy Governor Boe

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'.............a deep understanding of the financial system and systemic risks'

Ok I guess that excludes most of us HPCers! The loonacy of the past decade makes no sense to me :rolleyes:

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An understanding of financial markets but not an ability to foresee market crashes. Might have been worth while just having one housepricecasher on board in 2006 when the median prediction on here was for a real fall of -35% against the outcome of -33% instead of the clueless **** that presided on the MPC at the time. Only clueless **** need apply, no gold star for getting it right because we were in the minority and that makes it wrong..

Edited by crashmonitor

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'.............a deep understanding of the financial system and systemic risks'

Ok I guess that excludes most of us HPCers! The loonacy of the past decade makes no sense to me :rolleyes:

Frankly they are having a laugh, the only deep understanding necessary is of their own index linked pensions and how many deluxe biscuit assortment tins they can get through in just one afternoon

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Frankly they are having a laugh, the only deep understanding necessary is of their own index linked pensions

and the need to keep this locked to RPI as opposed to their 2% target. No need to worry how much they f**k up then.

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Anyone applying? :)

did notice the bit about undisputed integrity and standing on the resume.

....I guess that's still work in progress.

surely running a country's finances shouldn't be that much different to running a budget for a normal household?

can't be that difficult

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An understanding of financial markets but not an ability to foresee market crashes. Might have been worth while just having one housepricecasher on board in 2006 when the median prediction on here was for a real fall of -35% against the outcome of -33% instead of the clueless **** that presided on the MPC at the time. Only clueless **** need apply, no gold star for getting it right because we were in the minority and that makes it wrong..

To forsee stock market crashes and depressions you at least need an economic model capable of generating them. The neoclassical model employed by Bernanke, King, Krugman et al is incapable of doing so. They were dumbfounded by the Crash when it happened and have been unable to muster a coherent explanation since.

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did notice the bit about undisputed integrity and standing on the resume.

....I guess that's still work in progress.

surely running a country's finances shouldn't be that much different to running a budget for a normal household?

can't be that difficult

Kyle Bass, when asked what the first thing he'd do if appointed Governor of the Bank of Japan replied promptly: "Resign."

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  • 239 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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