Thursday, Jun 22, 2006

Untimely death

BBC News: Death of MPC member

The BBC reports the sudden death of a member of the MPC. Walton was the one member who voted for a rate hike at the last meeting, and the gilt market surged on the news. Always a bit worrying when someone who is younger than you dies suddenly...

Posted by uncle tom @ 11:38 AM (2868 views)
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20 Comments

1. Markd said...

Very sad indeed..and it seems almost perverse that one man's death can move the markets...

This leaves the MPC 2 members down and no doubt there will be intense interest in the new appointments when they are made.

Thursday, June 22, 2006 12:36PM Report Comment
 

2. Doggadogdog said...

Bumped off??? Seems a bit fishy as he was so young.

Thursday, June 22, 2006 12:44PM Report Comment
 

3. bidin'matime said...

That was my first thought - it does seem a bit extreme, though..

Thursday, June 22, 2006 01:33PM Report Comment
 

4. Dadm said...

Sound economic thinking.......Rest In Peace.

Thursday, June 22, 2006 01:37PM Report Comment
 

5. inbreda said...

The remaining members probably aren't conspiracy theorists, but all the same they'll probably not vote fora rate rise for the next few months "just to be on the safe side".

It does seem odd that the deaths of young and -otherwise- healthy individuals always seem to be to people that do what the government doesn't like... Robin Cook, David Kelly, Saddams Lawyer...

Thursday, June 22, 2006 02:05PM Report Comment
 

6. Ticktock said...

I says much of peoples perception of 'our' Government, that such seemingly absurd conspiricy theories spring immediately to mind, doesnt it?

Thursday, June 22, 2006 02:26PM Report Comment
 

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8. Waiting For The Crash said...

I was thinking just the same but too worried to type it!

I would not put anything past this government, I hate to say. A total lack of trust in what they do. Let's not forget Princess D - that was no accident!

Thursday, June 22, 2006 02:47PM Report Comment
 

9. uncle tom said...

There are plenty of other sites for those who like wild conspiracy theories...

I doubt his death will have that much impact on the MPC decision process - a rise is on the cards, it is only a matter of timing. His absence from the next meeting is likely to be counterbalanced by some desire to respect his memory.

At the moment, I think the most likely decision next month is to leave things be, but with a split vote, and that an August hike is still more likely than not.

However, sentiment and interpretations of economic data are in some flux at the moment - I'll make my formal call on the next decision at the end of next week.

Thursday, June 22, 2006 03:24PM Report Comment
 

10. inbreda said...

Yeah, WAiting for the Crash, but Princess D deserved it.

Thursday, June 22, 2006 03:39PM Report Comment
 

11. denzil said...

I dislike this government but to seriously think Walton was bumped off is lunacy.

Thursday, June 22, 2006 03:57PM Report Comment
 

12. inbreda said...

I can't speak for anyone else, but all of my comments on this particular article are very much tongue in cheek - though I see no-one has referred to my comment about princess D!!

Thursday, June 22, 2006 04:44PM Report Comment
 

13. Japanese Uncle said...

I am not sure about this man's early departure, but when hundreds of millions, nay billions of pounds is at stake, you have good reason to think about bumping off someone in your way (naturally if you are nasty and vicious enough). As the cost to hire a professional or two is relatively insignificant compared to the magnitude of potential profit/loss. To be honest I smell something about John Smith's untimely demise which came all too handy for young Tony and all those sinister groups of people and institutions behind him, who benefited tremendously thanks to his war-mongering policies, uncharacteristic of a Labour leader. Think about the size of profit, earned through bombing campaigns in ex-Yugoslavia (which incidentally is believed by guys in Sogo-sosha to have been a clearance sale of the cruise missiles and smart bombs that were about to be worthless, due to potential Y2K problems. Any fuss to justify comsumption of those long overdue stock was badly needed.), and of course Iraq. John Smith would never have succumbed to the 'dark force' had be become the PM, contrary to Crash Gordon who wagged his tail to the real master of the universe in the City yesterday. Gordon does not seem so naiive as to collide against their interests, as done by poor R. Cook.
That was his manifestation/gesture of his obedience to the real authority that should never be subjected to such 'lowly institutional test' as democratic elections.

Thursday, June 22, 2006 11:02PM Report Comment
 

14. harold said...

Come on it's obvious, Walton was abducted by aliens.

Thursday, June 22, 2006 11:39PM Report Comment
 

15. Japanese Uncle said...

Just to one thing.

If physical assasination is not feasible, they organize a character assasination as seen in Charlie Kennedy's departure. At that time, Channel 4 News leaked an interesting information that the anti-Kennedy campaign was organized by Vince Cable (Treasury spokesman) rather than Ming Campbell as was broadly believed. This information was immediately suppressed never to resurface, which convinced me of the plausibility of the story. I checked the man Cable over the Internet. Surprise, surprise! He had a brilliant background serving as chief economist of Shell International and Royal Institute of International Affairs or better known as Chatam House. I appreciate this guy was the head servant of the House of 'R' Then no wonder! They wanted him out as he would be the most formidable obstruction on the way to the next military aggression.
This is how things work in the corridor of power and all the major political players are aware of it, including our Crash G.

Friday, June 23, 2006 12:02AM Report Comment
 

16. Talking Rot said...

JU

I have to say I value your opinion of Japanese economics. However, most of the world is not based upon conspiracy, merely unfortunate incidents, bad luck, or general incompetence.

The London Underground is not a political movement!

Friday, June 23, 2006 08:57AM Report Comment
 

17. Waiting For The Crash said...

Hey guys I now it sounds bad talking like this. And I am not normally one for conspiracy theories but every time there is a lot at stake for this government something 'happens' to bail them out.

This may not be the case with our man at the BOE. But 9 down to 8, now 7 again, and only one voting for a rise. The man who is now in a better place.

If rates do go up, as we know they should, it will have grave implications for the Labour Party, Blair & Brown.

And hey Uncle Tom only trying to get a good debate going! Got to have some fun on here, gets a bit sad when we all talk doom & gloom.
From my title I want a crash in houses mainly because as an SME company owner I am fed up with this dictatorship (which now i fear we are becoming). And in the real world we need a correction to get the UK back on an even keel. If not we will all be worse off.

I am in rented housing and moving my money out the UK and planning to move to better places. I am fed up with the spin and lies that are going to wreck peoples lives. But I will love to see those immortal words rammed down Gordons throat ' ....low inflation, low interest rates, & no more boom & bust.....'

Friday, June 23, 2006 10:20AM Report Comment
 

18. Ticktock said...

Conspiricy theories are just that, theories, and in this instance highly unlikely to have any relevance.

However, to abandon an intellectual thought experiment as soon as the term 'conspiricy theory' is raised, and to do so for no other reason than this alone, is just as dangerous as holding such a theory as an absolute truth, without any supportive evidence.

It is a question of to what degree consumers of theories are prepared to except the concept of coincidence. Some have a higher tollerance of coincidences than others. That, of course, isnt to say that ones suspicians in any such regard are in anyway correct, but it is a fool who ignores the posibility that they might be.

The problem for me with this Govenment, is that to be asked to accept so many amazing and frequent coincidences that benefit their interests so enourmously, at such remarkable times, and in such crucialy important times too, is beginning to stretch even the most liberal application of the concept of coincidence to the limits of plausibility.

The liklyhood of anything sinister in the case of this event (MPC members death) is tiny. But added to a bigger, and ever growing list of remarkable moments of good fortune for Government and their business friends, does at least make you ponder the bigger picture rather uncompfortably in your arm-chair.

Spotting and questioning similarities in sequences of events that benifit certain groups, may ultimately lead nowhere useful, but it is hardly the same thing as claiming to have been abducted by aliens.

Friday, June 23, 2006 03:47PM Report Comment
 

19. bidin'matime said...

If you were in Germany in the early 30's (which I wasnt..) you might have thought that talk of mass extermination of Jews was a conspiracy theory. And no, Im not Jewish either, in fact it depresses me when the holocaust is resurrected to make a point, but I also grew up believing that we and the Americans were the good guys and this government has shattered that belief, so maybe its time to review all our preconceptions

Friday, June 23, 2006 10:35PM Report Comment
 

20. harold said...

TT. Stitch-up versus coincidence? Most of us have naturally suspicious minds and frequently find ourselves questioning events - that's healthy. However, the notion that Walton might have been 'bumped-off' simply because he voted for a rise in IR is total nonsense. Why bump him off? The chancellor (or powers that be, if you prefer) have a majority on the MPC, so would never need to employ such draconian and risky methods to impose their will.

Saturday, June 24, 2006 11:51AM Report Comment
 

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