Bruce Banner Posted October 14, 2016 Share Posted October 14, 2016 Should this one trick ex Goldman Sachs banker be sacked? Everything must be sacrificed to the great god of low interest rates! Quote Link to comment Share on other sites More sharing options...
Bossybabe Posted October 14, 2016 Share Posted October 14, 2016 Isn't that a bit on-topic, BB? Quote Link to comment Share on other sites More sharing options...
winkie Posted October 14, 2016 Share Posted October 14, 2016 Why does he always have a smile on his face when pronouncing bad news? Quote Link to comment Share on other sites More sharing options...
canbuywontbuy Posted October 14, 2016 Share Posted October 14, 2016 A rhetorical survey! Quote Link to comment Share on other sites More sharing options...
Bruce Banner Posted October 14, 2016 Author Share Posted October 14, 2016 Cameron resigned, Osborne was sacked, but Carney is continuing with the same agenda. We can be sure of one thing with Carney and that is the prudent will always be made to subsidise the risk takers. Quote Link to comment Share on other sites More sharing options...
XswampyX Posted October 14, 2016 Share Posted October 14, 2016 Â Quote Link to comment Share on other sites More sharing options...
yellerkat Posted October 14, 2016 Share Posted October 14, 2016 Sacked by whom? The BoE is (ostensibly) independent. Quote Link to comment Share on other sites More sharing options...
Bruce Banner Posted October 14, 2016 Author Share Posted October 14, 2016 (edited) 8 minutes ago, yellerkat said: Sacked by whom? The BoE is (ostensibly) independent. That may be, but the governor is a political appointment. He can't be overruled by the government, but he can be replaced. Edited October 14, 2016 by Bruce Banner Quote Link to comment Share on other sites More sharing options...
Bruce Banner Posted October 14, 2016 Author Share Posted October 14, 2016 35 minutes ago, Bossybabe said: Isn't that a bit on-topic, BB? Perhaps, but it's 50/50 political and economic so I thought OT would be best. Quote Link to comment Share on other sites More sharing options...
Bossybabe Posted October 14, 2016 Share Posted October 14, 2016 (edited) I'm speechless. I have no opinion. Cutting interest rates makes imports expensive. Raising them encourages inward investment. Where's the happy medium? Â Edit to say: can we have a 'don't know' button for people like me, please? Edited October 14, 2016 by Bossybabe Don't know button. Quote Link to comment Share on other sites More sharing options...
SNACR Posted October 14, 2016 Share Posted October 14, 2016 It's a ceremonial role with as much clout on policy as a town crier. Quote Link to comment Share on other sites More sharing options...
nome Posted October 14, 2016 Share Posted October 14, 2016 2 hours ago, winkie said: Why does he always have a smile on his face when pronouncing bad news? Â What bad news is that then? There's no bad news for the wealthy existing owners of assets and no bad news for the debt junkies... these are obviously the only people he's interested in helping. Quote Link to comment Share on other sites More sharing options...
whitevanman Posted October 14, 2016 Share Posted October 14, 2016 Can we fire him from a cannon first? Quote Link to comment Share on other sites More sharing options...
ChewingGrass Posted October 14, 2016 Share Posted October 14, 2016 Not yet, he needs to dig his hole a little deeper. Quote Link to comment Share on other sites More sharing options...
LiveinHope Posted October 14, 2016 Share Posted October 14, 2016 I voted 'yes', but I really wanted to vote 'no', as sacking is quite insufficient Quote Link to comment Share on other sites More sharing options...
billybong Posted October 14, 2016 Share Posted October 14, 2016 Indeed he should be sacked.  At the very least because of the grotesque house prices in London.  Of course he isn't the only one to blame but at least 2 of those went soon after the referendum. Quote Link to comment Share on other sites More sharing options...
evictee Posted October 15, 2016 Share Posted October 15, 2016 Anyone who made dire predictions about the consequences of Brexit and is now in a position to make those come true should certainly be sacked, on the grounds of a most dangerous conflict of interest. Quote Link to comment Share on other sites More sharing options...
Frank Hovis Posted October 15, 2016 Share Posted October 15, 2016 He has done exactly what was asked of him; kept interest rates ludicrously low, got QE going again, and lent spurious weight to Osborne's pronouncements of economic Armageddon should we dare to vote Brexit. He has done all of that whilst cooking up regular faux economic reasons for doing that whilst repeatedly changing his stance and appearing to be in favour of raising interest rates at some point in the distant future just often enough to stop people realising that this is the last thing he wants to do. He is a good and faithful servant of the Brown, Greenspan, and Osborne school of asset bubbles and as they have been found out and dismissed so should he be. Quote Link to comment Share on other sites More sharing options...
MrPin Posted October 15, 2016 Share Posted October 15, 2016 Basically he should have put interest rates up a little. Now the whole pound fiasco can be blamed on Brexit. To frighten people. Britain still has a good economy. Quote Link to comment Share on other sites More sharing options...
geezer466 Posted October 15, 2016 Share Posted October 15, 2016 He clearly thinks not and has given PMTM a bollocking....... http://www.dailymail.co.uk/news/article-3839080/Don-t-tell-job-Bank-England-boss-issues-extraordinary-warning-Theresa-said-policies-damaged-interests-savers-pensioners-young.html Quote Link to comment Share on other sites More sharing options...
Fully Detached Posted October 15, 2016 Share Posted October 15, 2016 3 hours ago, Frank Hovis said: He has done exactly what was asked of him; kept interest rates ludicrously low, got QE going again, and lent spurious weight to Osborne's pronouncements of economic Armageddon should we dare to vote Brexit. He has done all of that whilst cooking up regular faux economic reasons for doing that whilst repeatedly changing his stance and appearing to be in favour of raising interest rates at some point in the distant future just often enough to stop people realising that this is the last thing he wants to do. He is a good and faithful servant of the Brown, Greenspan, and Osborne school of asset bubbles and as they have been found out and dismissed so should he be. This. The spat with TM may be enough to finish him, or it may all just be a deliberate sideshow. My personal expectation is that after a bit of handbagging to make it appear that there is actually some level of oversight taking place, he'll be signed up for another term and given carte blanche access to CTRL+P. Quote Link to comment Share on other sites More sharing options...
onlyme2 Posted October 15, 2016 Share Posted October 15, 2016 9 minutes ago, Fully Detached said: This. The spat with TM may be enough to finish him, or it may all just be a deliberate sideshow. My personal expectation is that after a bit of handbagging to make it appear that there is actually some level of oversight taking place, he'll be signed up for another term and given carte blanche access to CTRL+P. It'll certainly be another test of May. She might actually be the real deal in regards the short from corporatism, cronyism and globalism to a more transparent democracy. Getting rid of Carney would be one step in the right direction. Quote Link to comment Share on other sites More sharing options...
Fully Detached Posted October 15, 2016 Share Posted October 15, 2016 1 minute ago, onlyme2 said: It'll certainly be another test of May. She might actually be the real deal in regards the short from corporatism, cronyism and globalism to a more transparent democracy. Getting rid of Carney would be one step in the right direction. If she turns out to be the real deal I will genuinely consider turning out to vote in future elections. I really want to Theresa, just give me reason... Quote Link to comment Share on other sites More sharing options...
libspero Posted October 15, 2016 Share Posted October 15, 2016 Since this is now in "on topic" it seems note worthy that he was quoted on R4 yesterday as saying the problems in the housing market are all about "supply, supply and supply". Â in other words.. He seems to have recognised that throwing more debt and cheap money at the problem isn't the right solution. Quote Link to comment Share on other sites More sharing options...
Bloo Loo Posted October 15, 2016 Share Posted October 15, 2016 You cant sack Carney for being incompetent. He has only one job in life. that is to rescue in secret his charges who make their living by selling loans to everyone and who, in times of stress, borrow to cover their overlending. He therefore only does lending and borrowing. And when he has infinite resources, he buys so the borrowers can get the cash they cant borrow anymore. Quote Link to comment Share on other sites More sharing options...
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