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Bumbling BOE decide Taylor Swift to now set interest rates

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Just now, lostinessex said:

Good grief - I thought this was going to be a link to a Daily Mash article!

...I'm busily downloading some Rage Against the Machine! ;)

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45 minutes ago, guest_northshore said:

Or sentiment measures to be increasingly determined by black box and profit-optimizing feedback/recommendation algorithms.

That takes away any semblance of accountability, if there was any there in the first place.

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Doubtless the black box will be designed and agreed upon by a group of banks, hedge-funds, 'expert' economists etc etc.

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His favourite song is probably Our House by Madness.
 

Quote

 

Property is a better investment for retirement than a pension, according to the Bank of England’s chief economist, Andy Haldane. Haldane owns two homes – one in Surrey and a holiday home on the Kent coast. His basic salary at the Bank is £182,000 and he is in line for a pension of more than £80,000 a year when he retires.

“I consider myself moderately financially literate – yet I confess to not being able to make the remotest sense of pensions,” he said

https://www.theguardian.com/money/2016/aug/28/property-is-better-bet-than-a-pension-says-bank-of-england-economist

 

 

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15 minutes ago, Errol said:

Doubtless the black box will be designed and agreed upon by a group of banks, hedge-funds, 'expert' economists etc etc.

Intellectual yet idiotic.

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And this bloke is the BOE Chief Economist. My word.

“I consider myself moderately financially literate – yet I confess to not being able to make the remotest sense of pensions,”

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16 minutes ago, ccc said:

And this bloke is the BOE Chief Economist. My word.

“I consider myself moderately financially literate – yet I confess to not being able to make the remotest sense of pensions,”

He's just a minted late boomer with intellectual opinions based largely on the dinner party circuit. And therefore an interest in promoting high house prices without giving a fig about the broader consequences.

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33 minutes ago, ccc said:

And this bloke is the BOE Chief Economist. My word.

“I consider myself moderately financially literate – yet I confess to not being able to make the remotest sense of pensions,”

David Davis:

“I don't have to be clever to do my job”

😂

Do you ever get the feeling the people running this train crash are not the brightest.. 

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  • 301 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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