Wednesday, May 18, 2011

No way will these muppets remove the housing prop.

Bank still firmly split on rate rise in May

"Former Goldman Sachs economist Ben Broadbent will replace Sentance from next month". Goldman in charge of the UK - no surprises where he'll get his instructions from....and all in the best interests of the UK population too!

Posted by alan @ 12:12 PM (2143 views)
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7 thoughts on “No way will these muppets remove the housing prop.

  • ‘But both Weale and Dale said the argument was finely balanced due to a still sluggish economy and arch hawk Sentance’s replacement when he leaves the council this month, Ben Broadbent, struck a distinctly less hawkish tone at a first public appearance on Tuesday.’

    ~ Talk about blatant.

    A traders golden signal if ever I saw one.

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  • general congreve says:

    Split about what? Perhaps some of them are complaining it’s not even worth turning up for the charade of a meeting and that they might as well stay in bed.

    Anyway, good on ’em. Keep doing the good works of letting inflation rip. Remember, you work for me now MPC.

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  • 1. general congreve

    ~ That’s the bulldog spirit, use the difficulty. 😉

    Sometimes it’s an honour to be in amongst the most talented traders of the world (tongue in cheek) and yet still be able to do something

    to sevice societies appetite for aeshetics.

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  • Andrew Sentance leaving is bad news .

    Getting this chap in from Goldmans has got to be worse than just bringing in a yes man .

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  • One day, hopefully soon, the hand that central banks had in creating the mess will become clear.

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  • general congreve says:

    @4 – What are you talking about? If you can’t beat them join them. This Goldman chap is a real boon if you’ve aligned your assets so that every time they refuse to raise rates the MPC is working for you, not against you.

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  • 6. general congreve

    So simple, but people will get confused as to who’s working for who. It’s a big learning curve for some, be gentle.

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