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TheCountOfNowhere

Mr Carney And The Media

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I've noticed since Mr Carney came to (unelected) power there aint half been a lot of media bull on the housing market.

Is this related ?

Is this one of Mr Carney's weapons to create a rise in prices ?

All this media attention is doing is making it more obvious how corrupt and manipulated the housing pyramid scheme is.

BUIY NOW BEFORE THEY LOOSE OUT.

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He is the estate agent's messiah isn't he.

Yes, huge increase in media talk of house prices soaring more or less since he arrived.

Yet the sales volumes are still low...and the land registry prices still flat.

It's like someone is lying. :lol:

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It's worrying when he says he'll be vigilant on making sure a new housing bubble doesn't occur. That just means all the prices rises can't be because of a bubble forming as they've made sure that's not the case. C**ts.

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He seems to be getting a bit of a doing in the Guardian today for some reason. Three critical articles in one day, all on the subject of his being questioned by MPs on a Treasury select committee:

Mark Carney walks on water – but now he has got his feet wet

Bank of England governor Mark Carney rattled as he defends forward guidance

Mark Carney loses his cool as forward guidance fails to convince MPs

Carney's soothing tones would be more reassuring if the great house-buying public had a clear understanding of what the Bank can do to take away the property punchbowl

When Mark Carney appeared before MPs on the Treasury select committee last November, he was slick and polished, with just a hint of humility – every bit the "rock star central banker" of his nickname back at home in Canada.

But at Thursday's grilling, while the sharp tailoring was still in place, the Bank of England governor's air of affable calm at times appeared to desert him.

It's hardly surprising: Carney may have won over the other eight members of the Bank's monetary policy committee to his approach of forward guidance, after what he told MPs were "fulsome and detailed discussions"; but the promise to keep rates lower, for longer, has been less than enthusiastically embraced elsewhere.

MPs articulated a number of worries that have been well aired among economists and City investors since the policy was announced last month.

[etc...]

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It's worrying when he says he'll be vigilant on making sure a new housing bubble doesn't occur. That just means all the prices rises can't be because of a bubble forming as they've made sure that's not the case. C**ts.

He was no doubt 'vigilant' in Canada as well.

The BoE likes that word too.

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He was no doubt 'vigilant' in Canada as well.

The BoE likes that word too.

Even the idiot Krugman thinks Canada could be vulnerable to a delveraging shock.

No shit. :rolleyes:

o-PAUL-KRUGMAN-CANADA-HOUSING-570.jpg

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